Glossary entry (derived from question below)
English term or phrase:
fronting fee
Bulgarian translation:
такса за ползване на името на банката
Added to glossary by
Trufev
Oct 10, 2007 13:03
17 yrs ago
English term
fronting fee
English to Bulgarian
Bus/Financial
Finance (general)
17.4 Fees payable in respect of Letters of Credit
17.4.1 XXX or each Borrower shall pay to the Issuing Bank (for its own account) a fronting fee at the rate of 0.125 per cent. per annum on the outstanding amount which is counter-indemnified by the other Lenders of each Letter of Credit until its Expiry Date.
17.4.1 XXX or each Borrower shall pay to the Issuing Bank (for its own account) a fronting fee at the rate of 0.125 per cent. per annum on the outstanding amount which is counter-indemnified by the other Lenders of each Letter of Credit until its Expiry Date.
Proposed translations
(Bulgarian)
| 3 | такса за ползване на името на банката |
Trufev
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Change log
Oct 11, 2007 11:43: Trufev Created KOG entry
Proposed translations
5 mins
Selected
такса за ползване на името на банката
Fronting Fee - The fee paid to a HCCB Carrier in exchange to use their name and filed contracts. This fee is normally a standard percentage of the premium and is also include in the Acquisition expenses.
http://www.proz.com/kudoz/764315
http://www.proz.com/kudoz/764315
4 KudoZ points awarded for this answer.
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