Depositors whose accounts are frozen will be eligible for low-or non-interest bearing loans from the Tokyo government, Tokyo Governor Yukio Aoshima said.
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Such a reduction can give a lift to bonds since, like other fixed-interest bearing investments, their value is eroded by high interest rates.
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Meanwhile, the proceeds will generate interest income of about RM4.1 million annually if placed in a 10 per cent interest bearing fixed deposit account.
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Being a savings and loan, it was known primary for interest bearing accounts, certificates of deposit, and home loans, before its eventual downfall.
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Depositors whose accounts are frozen will be eligible for low-or non-interest bearing loans from the Tokyo government, Tokyo Gov . Yukio Aoshima said.
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From an accounting point of view, what we are doing is swapping our high-interest bearing forint assets into low-interest bearing foreign currency assets,
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From an accounting point of view, what we are doing is swapping our high-interest bearing forint assets into low-interest bearing foreign currency assets,
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The blueprint obliges euro-zone nations running up deficits more than 3 percent of gross domestic product to pay fines into a non-interest bearing fund.
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Many investment banks, such as Bear Stearns, have failed because they borrowed cheap short-term money to fund higher interest bearing long-term positions.
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In other words, it converted a compulsory " interest bearing " loan to the State into a compulsory " interest free " loan.
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