Polish translation: narzędzia do obliczania premii
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15:15 Jan 8, 2003
English to Polish translations [PRO] Bus/Financial / export credits
English term or phrase:premium feedback tools (PFTs)
in the OECD agreement on officially supported export credits:
Premiums shall not be inadequate to cover long term operating costs and losses. to ensure adequacy of premium benchmarks and to allow, if necessary, for adjustments, either upwards or downwards:
-three Premium Feedback Tools (PFTs) shall be used in parallel to monitor and adjust the minimum premium benchmarks, and
-the PFTs are the accruals and cashflow accounting approaches collated on an aggregate Participants' level and , where appropriate, private market indicators;
-it is understood that PFTs shall not require the Participants to change their existing accounting systems and practices;
-the PFTs shal use a common start date and the concept of claims shall encompass refinanced debts under direct credits/ financing, refinancing, export credit insurance or guarantees;