The consequences of this solution could be in the sphere of capital structure and so in the discount interest
rate for valuation, but the real valuation would depend also on the plans of the new owners and their marketing strategy and the restructuring of the company's production.
The bank has also lowered its Lombard rate by 25 basis points to two percent but left its discount interest
rate unchanged at 0.25 percent.
However, they also use their third party claims administration firms and their investment managers to assist in the development of estimates of unallocated loss adjustment expenses and projecting conservative, yet realistic, discount interest
The cuts came a day after Kuwait cut its key discount interest
rate by 125 basic points, and the UAE reduced rates 50 basic points.
Meanwhile, Kuwait slashed its key discount interest
rate by 125 basis points yesterday while the United Arab Emirates cut by a more modest amount, tracking a round of emergency rate cuts by major central banks.
Mr Archer added: "Accelerating service sector activity in August, and still robust new business growth, indicate that it is premature to discount interest
rates reaching six per cent before the end of the year."
Yet another is setting the federal funds discount interest
rate, also known as the overnight rate--the rate at which Fed branch banks loan money to each other (generally overnight).
Despite fears that the 25 basis points discount interest
rates hike imposed recently by GCC central banks will have a dampening effect on asset prices in regional stock markets, this part of the world is set for another year of strong GDP growth in 2004 into 2005 thanks largely to the buoyant oil prices.
Do not, however, discount interest
from Celtic, where boss Tommy Burns is determined to build a Fort Knox defence.