FFO Before Impact of Settlement of Interest Rate Protection
Agreements, Acquisition Costs and NAREIT Compliant Gain YTD
Another PS850million has been earmarked to cover claims for mis-selling complex interest rate protection
products to small firms.
These loans provide a nine year term with incremental fixed step ups in rates as well as flexible prepayment penalties which provide the perfect hybrid borrowers are seeking through their long term fixed rate protection
and amortization as well as the ability to prepay or refinance if market conditions warrant.
CIOs intend to increase allocations to assets that offer higher total return potential, interest rate protection
and/or an illiquidity premium, including equities, bank loans, real estate, commercial mortgage loans and private equity.
47bn, which Wireless said it intends to use to repay the outstanding amounts owed under its existing senior secured credit facility, to pay liabilities under related interest rate protection
agreements, and to pay related fees and expenses.
Many banks have mis-sold interest rate protection
to thousands of small businesses and compensation could cost billions.
BANKS are being put under pressure to speed-up compensating the scores of businesses in Wales thought to be struggling as a result of mis-sold interest rate protection
Banks sold around 28,000 interest rate protection
products to customers since 2001, the FSA added.
The FSA said that about 28,000 interest rate protection
products had been sold to businesses since 2001, but did not give an estimate on how many customers would benefit from the settlement.
Carnival Cruise Lines' Early Saver program offers as much as 25 percent off on bookings made up to three months prior to sailing for cruises of five days or less and up to five months prior to longer sailings, including rate protection
in case rates later drop further.
Travelers no longer need to search and compare hotels to ensure that they are compliant with federal regulations: With more than 6500 FedRooms hotels world-wide, and with new hotels added daily, FedRooms provides choice while leveraging the federal government's overall buying power--ensuring guaranteed rates and rate protection
now and in the future.
In addition, while 61% of interviewees rate protection
against insiders as a future challenge, only 25% are prepared to back this up with an increased budget.