Waived claims in EUR million

Write-off by Dębica Tax Office

a partial debt relief by creditors

Borrowing against securities is also a possibility.

write-off means a write-down of the full carrying amount of a loan leading to its removal from the balance sheet

Finland argues that the debt write-off does not affect the legal relationship between the creditor and the debtor, i.e. the debts were not waived.

France also referred to a possible write-off of social security and tax debts.

The Commission notes that the local Office of the Marshall decided in 2007 to write off the debt, which was therefore included in the second restructuring plan.

2° restructuring may include a reduction of the amount of the debt (by renouncing sums due).

Since the PSI programme and the debt buy-back constitute a debt waiver in favour of the State, the remuneration of the State when recapitalising banks can be lower.

Since the PSI programme and the debt buy-back constitute a debt waiver in favour of the State, the remuneration of the State when recapitalising the Bank can be lower.

For the authority to write-off debts refer to "Debt Write-Offs (Deletion of Debts) " in the departmental Delegation of Authorities Instrument.

The removal of the value of loans from the balance sheets of MFIs when the loans are considered to be totally unrecoverable.