Although the brokerage fee did not exceed any applicable interest rate caps
in other states, Fast Easy has also put in place steps to notify consumers in Northern Territory, Western Australia, South Australia, Victoria and Tasmania (where the same 48% state interest rate cap
law did not apply) that they can claim a refund for the brokerage fee that was charged.
Earnings per share excluding the impact of mark-to-market of interest rate caps
and share-based compensation are determined by dividing the amount of net income excluding such impact by the average number of shares outstanding for that period.
Still, restoring an interest rate cap
is the time-tested reform which has proven most effective in curbing abusive money lending.
For the one-year adjustment periods beginning during the next twelve months, without regard to the interest rate cap
agreements, the Company will realize substantial interest savings on its existing variable rate indebtedness compared to 2001, if short-term interest rates remain at or near current levels.
Countries with interest rate caps
protect consumers but make business less attractive for lenders if market interest rates soar.
375 percent, three-month LIBOR exceeded the cap rate on $235 million, or 39 percent, of CRIIMI MAE's interest rate caps
Refinancing risk is magnified by high variable rate debt exposure and approximately $734 million in debt maturities through year-end 2002, but is mitigated by strong mortgage lender interest in dominant malls, interest rate caps
on nearly all of the company's approximately $630 million share of floating rate debt (caps average approximately 50 basis points over current floating rates), and potential to reduce construction loan interest rates when refinanced on a fixed rate basis.
While GGP has interest rate caps
in place to manage its variable-rate exposure, the company's coverage measures (2.
During periods of rapidly rising interest rates, such as has recently occurred, the initial impact on the Company's earnings is a temporary decrease in net interest income because the Company's assets have periodic interest rate caps
which limit the amount of adjustment on any repricing date whereas the Company's borrowings do not have similar caps.
The class A and class B interest rate caps
will remain in place until May 2007 and November 2007 respectively.
These rates are subject to interest rate caps
of 14 percent, 16 percent, and 18 percent respectively.
The latest version offers new advanced tools for mortgage-backed security prepayment analyses, additional global portfolio reporting features, a new model for interest rate caps
and floors, eurodollar futures and a new high yield appraisal report for non-investment grade holdings.