GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:38 Jul 21, 2001 |
French to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Nikki Scott-Despaigne Local time: 15:00 | ||||||
Grading comment
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Summary of answers provided | ||||
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na +3 | maximum repayments/instalments, capped repayments/instalments |
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na -2 | maturity date with ceiling of... |
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maturity date with ceiling of... Explanation: loan with maturity with ceiling of... From first link below: Bills of exchange, notes, simple and documentary credit, the turning over of invoices or accounts for collection, bank discount of bills of exchange, loans, and other cash credit transactions are subject to taxation at a rate of 0.1% per month or fraction thereof for the period between their issue date and maturity date, with a ceiling of 1.2%. Sight instruments and instruments of indefinite term are subject to a rate of 0.5% of the amount. From second link below: The ceiling for any loan extended by BADEA is 50% of the estimated total cost of the project, provided that it should not exceed US$ 15 Million. However BADEA’s financing may cover 80% of the estimated total cost of the project, provided that its total cost does not exceed US$ 12 Million. Reference: http://www.sii.cl/pagina/infgeneral/memoria/memo3.htm Reference: http://www.badea.org/English_site/EA-plan.htm |
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48 mins peer agreement (net): +3
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