Debt included in definition of profit on debt

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1) Is exchange risk cover fee inrelation to a debt included in the definition of ‘profit on debt’?

2) ABC company has recently concludedits loan agreement with a banking company. One of the conditions ofthe agreement stipulates that the company shall pay the bank acommitment fee to the bank be considered as ‘profit ondebt’, as this amount relates to that portion of debt whichhas not yet been utilized by the company?

Reference no: EM13338460

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