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 basis for
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.
