5.
(ii)
that you should press for the inclusion in the loan agreement of a non-availability clause which would limit ECGD's obligation to provide HK in the event of a disaster situation, and allow you to substitute some other suitable currency.
We recognise that despite the compromise proposed we are open to pressure from MTRC for the HK financing of the remainder of the contracts. There can be no commitment to this. We shall be exploring further with your Export Financing Division and the Bank of England our earlier suggestion that, in order to protect your position, a currency option clause might be inserted in loan agreements where exotic currencies are concerned.
6.
Finally, we should like a report from ECGD on the financial strength of Metro-Cammell. No doubt this is readily available to enable you to make your underwriting judgement on the Company.
Your murdy,
从
Милени
M V HAWTIN
cc
K C Cotterill Esq
-
ECGD
- ECGD
- ECGD
M Stephens Esq R T Kemp Esq
GE Breach Esq
M S Bremner Esq
DR C Durie Esq TJ H Downing Esq GM Gowlland Esq R Mathrani Esq GG Leader Esq
M Haworth Esq J Priston Esq J Woolmer Esq
- ECGD
- ECGD
-
PEP
BOE
FCO
- DOT
ODA
MOD
DOT
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