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https://corporatefinanceinstitute.com/resources/knowledge/other/comfort-letter/
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. It is an affirmation letter, not a confirmation letter, that offers backups where a customer requires a loan or a company needs financial …
https://www.investopedia.com/terms/l/letterofcomfort.asp
Also known as a comfort letter, a keepwell agreement is a contract between a parent company and its subsidiary to maintain solvency and financial backing throughout the term set in the agreement. more
https://57slang.wordpress.com/2006/09/28/letter-of-financial-support/
Sep 28, 2006 · Letter Of Financial Support One major role of the external auditor is to ensure a true and fair of the financial statements. In line with this, is the going concern concept whereby it is critical that the continuing “survival” of the company be confirmed particularly if it has very high current ratio, gearing ratio and amount owing to its inter-companies like head office, sisters subsidiaries.
https://www.lexology.com/library/detail.aspx?g=da29dd02-1b1b-4f13-bc68-67d19fbb20b1
May 14, 2013 · The High Court has decided that letters of support provided by a parent company did not have contractual force. The letters did no more than provide the directors of the subsidiary with evidence from which they could confirm that the subsidiary’s accounts should be prepared on a going concern basis. The facts.
http://templatelab.com/letter-of-support/
When making a letter of financial support or a letter of support for the grant, you can consider adding some testimonials from a third party, as these can help out in the efficiency of your request. These third party testimonials will show your recipients that other companies, organizations or even key people believe in your cause and support it.
https://www.mia.org.my/v2/downloads/ppt/auditing/publications/2009/10/15/MIA_Letter_of_Financial_Support.pdf
The letter of financial support is an undertaking, usually but not necessary by a holding company giving comfort about financial support to be provided to its subsidiary company. The letter of financial support is used as a mean of obtaining audit evidence for events which may give rise to business risks such as from the financial perspective, a net liability or net current liability position that
https://www.hkma.gov.hk/media/eng/doc/key-functions/banking-stability/guide-authorization/Annex-1.pdf
Sample Letter of Comfort [The letter should be on the parent bank’s letterhead] To: The Monetary Authority . Subject: [Name of AI] (“the Company”) The Banking Ordinance, Cap 155 (“the Ordinance”) In support of an application by the Company for authorization as [ ] under the Ordinance, we state and confirm the following: 1.
http://www.mwblaw.dk/en/Nyheder/Nyheder%202011/2011-10-28%20Moderselskabets%20afgivelse%20af%20stoetteerklaering.aspx
The parent company's letter of support. On 27 June 2011, The Supreme Court gave judgment in a case concerning a parent company’s (hereinafter the ”Parent Company”) letter of support to one of the subsidiary company’s (hereinafter the ”Subsidiary”) trading partners (hereinafter the ”Trading Partner”).
https://www.sample-resignation-letters.com/writing-a-financial-support-letter-for-family-member-with-sample.html
A letter promising financial support usually needs to be accompanied by documentation from a bank to prove that the person giving the support has the financial ability to do so. In most cases, a bank statement will be required to show clearly that the person has the funds to …
http://howtowritealetter.net/Letter-of-Financial-Support.html
Letter of Financial Support A letter of financial support is a document that verifies that funding will be available for a person, unable to pay themselves, for a specific cost. For example, letters of financial support are very common in university and college applications.
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