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* (\ I \B iB : I n t e r n a l r a t e o r r e t u r n i s t h = r a t e 0 l w h i c h t h t : s u m t o t a l o f d i s c o u n t e d c a s h i n il t m x

>i T T r c ; t S U 1T m a n a g e m e n t : I t m e a n s i t i s Uc li n c d a s t he e l li c ie n t m a n a ge m e n t o l l iq u id i t y a n u

m l m l c m l > I ; i 11 b u s i n e s s

8 8 C n n e c 11t r a t i o n b a n k i n g : I t m e a l l s i t l enti l i lo c a t io n s o r p la c e s w h e r e c u s t o m e r s a r c p la c e d

; r n 9l t ì p e n a lo c a l b a n k a / c i n e a c h o l t he s e lo c a t io n s a n d o p e n lo c a l c o l l e c t io n c a n t e r

8 9 M a r k = : a h l e s e c u r i t ie s : Su r p l u s c a s h c a n b c i n v e s t e d in s ho r t t e r m i n s t r u m e n t s i n o r LIc r I n

t ) 1) \ g t i n : s c h e d u l e : 1n a n a g e i n g s c hc 9l u le t he r e c e iv a b le s a r e c la s s i li e d a c c o r d i n g t o t he i r a g c

t ) I h l a x i m u m p e r m i s s i b le b a n k f 1n a n e c (M P B F ) : I t i s t he m a x i m u m a m o u n t t h a t h a n k s c a n

lc n 9l ; 1 11 o r r ( ) \ \ c r t o w a r d s h is w o r k i n g c a p i t M r c q u i >e m e n t s

t l z ( o m n 1c r c i a l p a p e r : A c p i 5 a s hn r t t e r m p r o m i s s o r y n o t e i s s u e d b y a c o m p a n y N e gu t ia h le

h \ c r1ó r s e 111 c n t a n d d e l i v e r y Is s u e d a t a d i : ; c[ 1unt o n fa c e v a 1u e a s m a y h c d e t c r m i n e d h t hc

I v ; L1H 1 : : = o 11111 a n )t ) 3 IBr i d : c i ì n a n c c : I t r e l e r s t o t he lo a n s l a k e n by t he c o m pa n y n o r m a l ly fi o m c o m m e r c ia l h a n k s

I n > H : ; l1\ 11 t & : > i [ 1d p e n d i n g d i s bu >s e n l c n t o > l {1 : i n : I s a n c t io n e d by t hc ti n a n c ia 1 i n s t i t u t io n x

t ) 4 \ c 11 t u r e c a p i t a l : 1t r e fe r s t o t he l i n a n c in g o f h igh r is k v e n t u r e s p r o m o t e d by n c w u l r1r l i li c u

n t r c p r c n e l t r s w h o r e q u i r e ti r n d s t o g i v e x ha pc t o t he i r ide a s

t } 5 D b t t i c e u r i t iz a t io n : 1t i s a m o de o l li n u n c i n g w he r e i n s e c u r i t ie s a r e i s s u e d o n t he b a s is o > : 1

p : l = k u g L n l U l ; s e t s (c a l le d a s s e t p o o l )t ) 6 1 W i S C Bì n a n c i n g : L e a s i n g i s a c o n t r a c t w he r e o n e p a r t y (o w n e r ) p u r c h a s e s a s s e t s a m l pe r m i t s

i l \ \ ic n s tw a n n t he l p a r . y ( le s s e e ) o v e r : 1 x p e c i li c d pe r io d

9 7 T r 1d t C r c t l i t : 1t r e p r e s e n t s c r e d i t g r a n t e d hy s u p p l i e r s o r g o o d s i n t he n o r m a l c o u r s e o >