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This excerpt taken from the LUX 20-F filed Jun 25, 2009. Outstanding Standby Letters of Credit -
A U.S. subsidiary has obtained various standby and trade letters of credit from banks that aggregated Euro 34.2 million and Euro 31.0 million as of December 31, 2008 and 2007, respectively. Most of these letters of credit are used for security in risk management contracts, purchases from foreign vendors or as security on store leases. Most standby letters of credit contain evergreen clauses under which the letter is automatically renewed unless the bank is notified not to renew. Trade letters of credit are for purchases from foreign vendors
F-51
and are generally outstanding for a period that is less than six months. Substantially all the fees associated with maintaining the letters of credit fall within the range of 50 to 100 basis points annually.
F-52 This excerpt taken from the LUX 6-K filed May 12, 2009. Outstanding standby letters of credit. A U. S. subsidiary has obtained various
standby and trade letters of credit from banks that aggregated Euro 34.2
million and Euro 31.0 million as of December 31, 2008 and 2007,
respectively. Most of these letters of credit are used for security in risk
management contracts, purchases from foreign vendors or as security on store
leases. Most standby letters of credit contain evergreen clauses under which
the letter is automatically renewed unless the bank is notified not to renew.
Trade letters of credit are for purchases from foreign vendors and are
generally outstanding for a period that is less than six months. Substantially
all the fees associated with maintaining the letters of credit fall within the
range of 50 to 100 basis points annually.
This excerpt taken from the LUX 20-F filed Jun 26, 2008. Outstanding Standby Letters of Credit -
A U.S. subsidiary has obtained various standby and trade letters of credit from banks that aggregated Euro 31.0 million and Euro 36.1 million as of December 31, 2007 and 2006, respectively. Most of these letters of credit are used for security in risk management contracts, purchases from foreign vendors or as security on store leases. Most standby letters of credit contain evergreen clauses under which the letter is automatically renewed unless the bank is notified not to renew. Trade letters of credit are for purchases from foreign vendors and are generally outstanding for a period that is less than six months. Substantially all the fees associated with maintaining the letters of credit fall within the range of 50 to 100 basis points annually.
F-48
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Outstanding standby letters of credit
A U.S. subsidiary has obtained various standby and trade letters of credit from banks that aggregated Euro 31.0 million and Euro 36.1 million as of December 31, 2007 and 2006, respectively. Most of these letters of credit are used for security in risk management contracts, purchases from foreign vendors or as security on store leases. Most standby letters of credit contain evergreen clauses under which the letter is automatically renewed unless the bank is notified not to renew. Trade letters of credit are for purchases from foreign vendors and are generally outstanding for a period that is less than six months. Substantially all the fees associated with maintaining the letters of credit fall within the range of 50 to 100 basis points annually.
This excerpt taken from the LUX 20-F filed Jun 29, 2007. Outstanding
Standby Letters of Credit — A U.S. subsidiary has obtained
various standby letters of credit from banks that aggregated Euro 48.0 million
and Euro 36.1 million as of December 31, 2005 and 2006, respectively. Most of
these letters of credit are used for security in risk management contracts or
as security on store leases. Most contain evergreen clauses under which the
letter is automatically renewed unless the bank is notified not to renew.
Substantially all the fees associated with maintaining the letters of credit
fall within the range of 60 to 80 basis points annually.
This excerpt taken from the LUX 6-K filed May 25, 2007. Outstanding standby letters of creditA U.S. subsidiary has obtained various standby letters of credit from banks that aggregated Euro 48.0 million and Euro 36.1 million as of December 31, 2005 and 2006, respectively. Most of these letters of credit are used for security in risk management contracts or as security on store leases. Most contain evergreen clauses under which the letter is automatically renewed unless the bank is notified not to renew. Substantially all the fees associated with maintaining the letters of credit fall within the range of 60 to 80 basis points annually. | EXCERPTS ON THIS PAGE:
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