(b) Guarantee commissions shall be paid directly to the Bank by the borrower.

Determine the interest rates of loans and guarantee commissions;

Determine the interest rates of loans and guarantee commissions;

(b) Guarantee commissions shall be paid directly to the Bank by the borrower.

Determine the interest rates of loans and guarantee commissions;

(b) Guarantee commissions shall be paid directly to the Bank by the borrower.

Knowing the level of the other guarantee premiums paid by HSY to ETVA, it is highly unlikely that the guarantee premium actually paid by HSY was as high as 480 basis points.

The decline is driven primarily by a reduction in market-sensitive revenues such as wealth management fees, underwriting and advisory fees, and commissions on securities.

The circumstances in which the underwriting or stand-by guarantee can be withdrawn also should be disclosed.

Debt underwriting revenue fell 20 percent in the wake of rising interest rates.

Debt underwriting revenue fell 20 percent in the wake of rising interest rates.

Only 51 % of the advantage (reduction of the interest rates charged and of the guarantee premiums charged) granted by ETVA and the State to HSY was returning to them in the form of an increase of the value of HSY.

The EIF may charge to a financial intermediary a fee calculated on amounts committed but not used according to an agreed schedule (commitment fees) as well as guarantee fees.

Any other revenues, such as commitment fees and guarantee fees, shall be credited to the Trust account and, if received before 31 December 2013, shall be added to the resources of the SMEG Facility.

In simple terms, EDC finances itself through the interest and guarantee fees it collects on the loans and insurance it provides.