Market flex

Debt Capital Markets Glossary

A provision letting the arranger adjust the pricing, structure, or terms of an underwritten loan within agreed limits to ensure the deal clears the market. Upward flex (or simply 'flex') widens the spread when demand is weak, protecting the arranger; reverse flex (downward flex) tightens the spread when the book is oversubscribed, benefiting the borrower.

Sign up free — get all 104 Debt Capital Markets terms, flashcards & rank tracking →

More Debt Capital Markets terms

KomFi Academy — Stop doomscrolling. Get KomFi.

Build your intelligence, anytime, anywhere.

KomFi Academy is a curated training platform with 40,000+ practice questions, 18,000+ flashcards, on-demand video lectures, podcasts, and 4K slide decks across the topics serious professionals study: GMAT, LSAT, MCAT, Investment Banking, Private Equity (LBOs & PE math), Private Credit, Quantitative Finance, Financial Accounting, Asset- Backed Securities, Volume Profile Analysis, Order Flow Trading, Market Microstructure, Volume Spread Analysis, Elliott Wave Theory, Volume-Price Analysis, and Public Offering Frameworks.

What's inside

Topics

View pricing · Read testimonials