Glossary / finance terms
Structural subordination
The position of a creditor whose claim sits at a holding company above operating entities with their own obligations.
Why the distinction matters
Map the entities and the route by which cash can move upstream. Holding-company security may not give a direct claim over an operating company's assets.
Read the structure
Separate investor geography from asset location and financing recourse.
Gulf and Asian capital in global compute ↗For in-house counsel
Take it to the documents
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Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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