This advisory and no-action relief letter address CFTC Regulation 1.56 and its prohibition on limited recourse
and FCM margining practices for customers with more than one futures account.
Vancouver, B.C.--Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today the signing of a US$2.5 billion limited recourse
project financing facility to fund the development of the Quebrada Blanca Phase 2 ("QB2") project..--Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today the signing of a US$2.5 billion limited recourse
project financing facility to fund the development of the Quebrada Blanca Phase 2 ("QB2") project.
From October 12, the firm will stop accepting new applications for its SuperGear loan, which is a limited recourse
loan that allows SMSF trusts to purchase a property (or refinance an existing eligible loan for an investment property), while benefitting from superannuation tax concessions.
In addition, limited recourse
clauses in the programme restrict the noteholder of a given series to only have recourse to the collateral assigned to this series.
The release says throughout his career, Mr Moumakwa has demonstrated expertise in arranging both long-term limited recourse
and non-recourse financing to create aggressive but achievable capital structures for various projects.
He said government has a limited recourse
to spend on and it is need of the hour to adopt a policy of austerity.
National Central Cooling Company, Tabreed, has signed a $53.4mn long term limited recourse
project finance facility with Emirates NBD for the district cooling plant it is developing in Dubai.
Terms included 24 months interest only with a six-month extension at LIBOR + 350 bps; 25% Limited Recourse
and 80% LTC.
Terms included 24 months interest only with a 6 month extension at LIBOR + 350 bps; 25% Limited Recourse
and 80% LTC.
The project debt has been structured as long-term limited recourse
project financing and funded by a group of international and regional banks, such as Standard Chartered Bank, Sumitomo Mitsui Trust Bank, KfW IPEX-Bank GmbH, Sumitomo Mitsui Banking Corporation Europe Limited, Mizuho Bank, Bank Muscat, and Bank Dhofar.
(a special purpose vehicle) on a limited recourse
It appropriately emphasizes revenue mobilization, priority spending for growth and human development, and limited recourse
to domestic financing, leaving room for bank financing of the private sector.