Letter Of Comfort

A comfort letter is a document of assurance issued by a parent company or an accounting firm to reassure a subsidiary company of its willingness to provide financial support.

Letter of comfort. Letter of comfort. A letter of comfort is a written document that provides a level of assurance that an obligation will ultimately be met. The function of the letter of comfort is to reduce the underwriters liability risk resulting from a misleading prospectus.

More loan note definition. It is an affirmation letter not a confirmation letter that offers backup when a customer requires a loan or a company needs financial help. Letters of comfort may be mere expressions of goodwill vary through representations or statements giving rise to potential liabilities or be enforceable undertakings by way of guarantee or indemnity.

Comfort letter definizione significato pronuncia audio sinonimi e più ancora. Vedi di più ancora nel dizionario inglese cambridge dictionary. Letters of comfort are used in many spheres of industry commerce regulated and state controlled activities government and regulation.

A comfort letter is a document prepared by an accounting firm assuring the financial soundness or backing of a company. A letter of comfort sometimes called a letter of intent is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. Measure 5 loans letter of comfort and subordination of claims by ng to cst.

A letter of comfort is often couched in vague wording in order to prevent. The comfort letter can be issued by a certified public accountant declaring no indication of false or misleading information in the financial statements and that the company s prospectus follows the prevailing accounting standards. Lettera amministrativa the letter of comfort was signed by the finance minister of land sachsen on 21 december 2005.

La lettera di patronage è stata sottoscritta il 21 dicembre 2005 dal ministro delle finanze del land sassonia.