Loans comprise those financial assets created through the direct lending of funds by a creditor (lender) to a debtor (borrower) through an arrangement in which the lender either receives no security evidencing the transactions or receives a non-negotiable document or instrument. Included are loans to finance trade, other loans and advances, use of Fund credit and loans from the Fund, etc. In addition, financial leases and repurchase agreements are covered under loans. Loans are subdivided into long- and short-term categories, which reflect the retention of the maturity structure referred to previously.