Common use of Repurchase agreement borrowings - Government Securities Clause in Contracts

Repurchase agreement borrowings - Government Securities. The holding company has arranged borrowings from various financial institutions against sale and repurchase of government securities. The mark-up on these finances range between 11.65 and 11.93 (2010: 12.60 and 13.90) percent per annum with maturity ranging from three days to thirty eight days (2010: three days to sixty days).

Repurchase agreement borrowings - Government Securities. The holding company Company has arranged borrowings from various financial institutions against sale and repurchase of government securities. The mark-up on these finances range between 11.65 and 11.93 (2010: 12.60 and 13.90) percent per annum with maturity ranging from three days to thirty eight days (2010: three days to sixty days).