Non Recourse Debt

McDonald Financial Corporation (MFC) is one of the few firms able to provide Non Recourse Debt to its customers, based on contractual obligations. Non Recourse Debt does not require personal guarantees thereby reducing risk and facilitating a more flexible funding.

Non Recourse Debt is based on:

1. The credit quality party issuing the underlying the obligation
2. The integrity of the obligation & unconditional requirement to pay
3. Underlying collateral

Non Recourse Debt can be provided from the following obligations:

Commercial


Take-or-Pay Contracts
Usage Agreements
Throughput Agreements
Storage Agreements
Disposal Agreements
Performance Agreements
Deficiency Agreements
Collateral Security
Guarantee Agreements
Leases
Loans
Securities
Rentals

Insurance


Bonds
Annuities
Undertakings

Banks


Certificates of Deposit (CD’s)
Letters of Credit
Trust Collateral