2/3/2010 Bonds ·Bonds notes bills ·Fixed coupon bonds ·Floating rate notes ·Zero coupon bonds Loan agreements Legal concept of a loan Distinguishing a loan from other types of transactions Significance of the distinction ·Loans and trusts. Barclays Bank Ltd v Quistclose Investments Ltd [1970]AC 567 ·Loans and transfers Olds Discount Co Ltd v John Playfair Ltd [1938]3 All ER 275 ·Loans and credit Chow Yoong Hong v Choong Fah Rubber Manufactory [1962]AC 209(PC) 8 42/3/2010 4 7 Bonds • Bonds I notes I bills • Fixed coupon bonds • Floating rate notes • Zero coupon bonds 8 Loan agreements • Legal concept of a loan • Distinguishing a loan from other types of transactions  Significance of the distinction • Loans and trusts.  Barclays Bank Ltd v Quistclose Investments Ltd [1970] AC 567 • Loans and transfers  Olds Discount Co Ltd v John Playfair Ltd [1938] 3 All ER 275 • Loans and credit  Chow Yoong Hong v Choong Fah Rubber Manufactory [1962] AC 209 (PC)