credit - arrangement with a bank or supplier to have credit so as to buy goods
facility - an arrangement between banker and customer for the use of banking service, e. g. documentary collections, documentary credits, etc. Alternatively, this is an understanding that overdraft and loans are available, if required, up to a given amount.
... 'other type of credit facility' means: (i) any claim against the public sector existing at 1 January 1994, except for fixed-maturity claims acquired before that date; (ii) any financing of the public sector's obligations vis-a-vis third parties; (iii) without prejudice to Article 104 (2) of the Treaty, any transaction with the public sector resulting or likely to result in a claim against that sector.
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