1.   Subordinated loan stock will rank behind all unsecured creditors but ahead of preference shareholders and ordinary shareholders.

2.   But it may be at least as tough to gain the help of other financial institutions that own shares in Nippon Credit or have extended subordinated loans.

3.   The brokerage asked two life insurers to extend the due date on its subordinated loans.

4.   The brokerage has asked two life insurers to extend the due date on its subordinated loans.

5.   Credit Saison will continue providing subordinated loans to Saison Life as well as the new company after the merger is complete.