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 131 Debt Capital Markets terms, flashcards & rank tracking →

More Debt Capital Markets terms

KomFi: Test Prep Made Easy

KomFi: Test Prep Made Easy — free adaptive practice for GMAT, GRE, SAT, ACT, National Real Estate Exam, Investment Banking, and finance with full explanations.

KomFi Academy is free GMAT prep and personalized GMAT help built as a training platform: 92,240+ practice questions, 30,500+ flashcards, on-demand video lectures, podcasts, and 4K slide decks. Flagship tracks: Free GMAT Prep, Free GMAT Resources, National Real Estate Exam Prep, Investment Banking Prep, Finance Prep, GRE, SAT, ACT, LSAT, MCAT, Financial Accounting, Private Equity, Private Credit, and Quantitative Finance.

Free GMAT Prep & Personalized GMAT Help

What's inside

Topics

View pricing · Read testimonials