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Was it Debt Swap or Collateralised Foreign Currency Loan? Substance over Legal Form Considerations

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Listed:
  • Phiri Kampanje, Brian

Abstract

This is a transaction analysis in which deposit placement by PTA Bank in Malawi was classified as debt swap instead of a medium term loan. There was violation of substance over legal form principle and the study recommends that proper disclosures be made to rectify probable material misstatement of the financial statements.

Suggested Citation

  • Phiri Kampanje, Brian, 2022. "Was it Debt Swap or Collateralised Foreign Currency Loan? Substance over Legal Form Considerations," MPRA Paper 114359, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:114359
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    File URL: https://mpra.ub.uni-muenchen.de/114359/7/MPRA_paper_114359.pdf
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    References listed on IDEAS

    as
    1. Guogang Wang & Nan Lin, 2020. "70 years of China's foreign exchange market development: history and experience," China Political Economy, Emerald Group Publishing Limited, vol. 3(1), pages 3-17, July.
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      JEL classification:

      • F31 - International Economics - - International Finance - - - Foreign Exchange
      • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
      • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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