Financial Services Provided by the Finance Company to the Group Sample Clauses

Financial Services Provided by the Finance Company to the Group. The original annual caps the Previous Financial Services Framework Agreement and its supplemental agreement were as follows: For the financial year ended/ending 31 December 2014 XXX (xxxxxxx) 0000 XXX (xxxxxxx) 0000 XXX (million) Provision of Deposit Services and Provision of Loan Services 6,000 8,000 8,000 The historical figures relating to the Provision of Deposit Services, Provision of Loan Services and provision of other financial services, during the two financial years ended 31 December 2015 and six months ended 30 June 2016, were as follows: Balance of the deposits placed with the Finance Company as at RMB (million) Balance of the outstanding loans provided by the Finance Company as at RMB (million) Deposit interest income received from the Finance Company for the financial period ended RMB (million) Loan interest payable to the Finance Company for the financial period ended RMB (million) Other financial services fee payable to the Finance Company RMB (million) 31 December 2014 4,264 0 68 11 0 31 December 2015 2,934 0 70 4 0 The historical maximum daily balance of the deposits with the Finance Company placed by the Group and the historical maximum daily balance of outstanding loans owned by the Group to the Finance Company, during the two financial years ended 31 December 2015 and six months ended 30 June 2016, were as follows: For the financial year ended 31 December For the six months ended 30 June 2014 XXX (xxxxxxx) 0000 XXX (xxxxxxx) 0000 XXX (million) Maximum daily amount of deposits placed by the Group 5,988 5,934 5,473 Maximum daily amount of outstanding loans owed by the Group 520 500 500 The historical maximum daily amount of deposits placed by the Group was greater than the historical maximum daily amount of outstanding loans owed by the Group to the Finance Company because over 95% of the bank loans of the Group are denominated in US dollars (instead of in RMB), so as to meet the business need (i.e. payment for consideration of aircraft, etc) and facilitate daily financial operation of the Group. The loans provided by the Finance Company to the Group in the past were unsecured. In future, if the Company provides any guarantee and/or security in respect of any future loans to be provided by the Finance Company to members of the Group, it will comply with the then applicable requirements under the Listing Rules.
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Related to Financial Services Provided by the Finance Company to the Group

  • Financial Services The aim of cooperation shall be to achieve closer common rules and standards in areas including the following:

  • Information Services The Custodian may rely upon information received from issuers of Securities or agents of such issuers, information received from Subcustodians or depositories, information from data reporting services that provide detail on corporate actions and other securities information, and other commercially reasonable industry sources; and, provided the Custodian has acted in accordance with the standard of care set forth in Section 6 (a), the Custodian shall have no liability as a result of relying upon such information sources, including but not limited to errors in any such information.

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