Financing in the currencies of the currency cocktail (German mark, French franc, pound sterling, ECU).
A currency cocktail package, based on 10-year government bond yields for the German mark, French franc and the pound sterling, plus a margin applies. This margin, calculated as a weighted average of the margins applicable to each currency, is equal to the margin applicable in the case of financing in US $.
In the case of financing in ecus, the minimum rate applicable is the long-term ecu bond yield less 20 basis points plus a margin equal to the margin applicable in the case of financing in US $.
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