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November 30, 2015

Canadian Excellence


Jack (Jacques) A. Schnabel

Demystifying Concessionary Loans

Dr. J. A. Schnabel

published: 2009 | Research publication | Publications

This paper develops a metric for the wealth gain that accrues to a borrower who accesses a concessionary loan, i.e., one which grants the debtor an interest rate discount. Such loans denominated in the domestic currency as well as in a foreign currency are broached. Two different procedures are presented for dealing with the latter type of concessionary loan and these are shown to be equivalent under certain conditions, which are delineated in the paper.

This paper was published in CMA Management Magazine Volume 84 Number 4 (June/July 2010) pp. 23-27.

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revised Aug 27/09

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