8. Finally, I should say that our agreement in this case is without prejudice to further consideration of the possibility of using currency option clauses to limit your risks in supporting financing in "exotic currencies". We recognise of course that such clauses are not likely to be attractive to the buyer and Norman Thompson's reaction was entirely predictable. Nevertheless, there may be circumstances when they provide a preferable alternative to declining financing support in these currencies, and (given the possible adverse effect of large borrowings in the local market) they may be of interest to the central authorities of the countries concerned.
move to oth
curring
Your Lady
Arched th
th
cc. R T Kemp Esq
M G Stephens Esq
G Breach Esq
ECGD
M S Bremner Esq
DRC Durie Esq
PEP
T JH Downing Esq BOE
GM Gowlland Esq FCO
R Mathrani Esq
DOT
GG Leader Esq
ODA
M Haworth Esq
MOD
J Priston Esq
DOT
J Woolmer Esq
DOT
MV Hawtin
No comments yet.
Private notes are available after approval.