It is very important to recognize the bank’s role in the deal. In many respects the role is simple, although accommodating a bank into the financing structure can be complex. The reason lies with the bank’s chosen position as provider of senior debt finance. In simple terms, this means that the bank is prepared to lend strictly on the basis that it expects to be fully repaid, without facing any unreasonable risk and, in doing so, to receive a small return on its cost of capital.