span xml:lang="EN-GBThis also includes the
cumulative interest that was credited to my account at the end of the month, the one net of 15 per cent withholding tax.
As at August 31, 2013, KEV's outstanding RULS of RM1.67 billion comprised
cumulative interest owing to shareholders of MYR 775.2 million (FY2012: MYR 619.7 million).
Public banking allows for infrastructure projects to be financed using the public's credit, thereby saving the
cumulative interest that would have been paid through public finance initiatives.
"If we add up the interest rate advantages gained in the period 2010 to 2012 and those that Germany will benefit from in the years to come, we arrive at
cumulative interest relief for the German budget of an estimated 67 billion euros," Allianz said in a paper published last September.
Religare Finvest is offering up to 12.5 per cent on its NCDs for retail investments of less than Rs 5 lakh for a five-year tenure under the
cumulative interest payment option.
The subordinated debt is rated two notches below BII's 'national long-term rating of AAA(idn) to reflect the instrument's
cumulative interest deferral condition.
"The
cumulative interest rate was 4.11 percent," says Joe Crossett, Liberty Hospital administrator.
Row 14 calculates
cumulative interest, row 15 calculates total debt service (equal to principal plus interest), and row16 calculates cumulative debt service.
"A large part of the debt was due to
cumulative interest that often surpasses the amount of money actually borrowed.
The trading conditions deteriorated during 2007 due to
cumulative interest rate increases which, when combined with the credit crunch in the autumn, resulted in fragile consumer confidence, particularly in big ticket retail sectors such as the upholstery market."