Home > Glossary > Transferable Underwriting Facility (TRUF)
Meaning / Definition of
Transferable Underwriting Facility (TRUF)
Categories: Ipos,
A form of underwriting facility that allows lenders to fully transfer their obligations and commitments (including the underwriting itself) to other parties. This gives purchasers a backup method to satisfy their commitments, by transferring them to another party who is capable of completing the transaction. Also called transferable revolving underwriting facility.
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