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This excerpt taken from the PNC 10-K filed Mar 2, 2009. UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT The fair value of unfunded loan commitments and letters of credit is our estimate of the cost to terminate them. For purposes of this disclosure, this fair value is the sum of the deferred fees currently recorded by us on these facilities and the liability established on these facilities related to their creditworthiness. This excerpt taken from the PNC 10-K filed Feb 29, 2008. UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT The fair value of unfunded loan commitments and letters of credit is our estimate of the cost to terminate them. For purposes of this disclosure, this fair value is the sum of the
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This excerpt taken from the PNC 10-K filed Feb 4, 2008. UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT The fair value of unfunded loan commitments and letters of credit is our estimate of the cost to terminate them. For purposes of this disclosure, this fair value is the sum of the deferred fees currently recorded by us on these facilities and the liability established on these facilities related to their creditworthiness.
This excerpt taken from the PNC 10-K filed Mar 1, 2007. UNFUNDED LOAN COMMITMENTS AND LETTERS OF CREDIT The fair value of unfunded loan commitments and letters of credit is our estimate of the cost to terminate them. For purposes of this disclosure, this fair value is the sum of the deferred fees currently recorded by us on these facilities and the liability established on these facilities related to their creditworthiness.
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