5bn of funding for Petrodelta and the payment of front-end fees
or bonuses to PDVSA which was not specified.
The front-end fees
kept going up until it didn't make sense to keep buying.
State and FINRA guidelines limit front-end fees
to 15%, but a 15% front-end fee
on a $10,000 investment means that only $8,500 is going to work for an investor.
The loan carries an interest rate of three-month Libor for US dollars plus a margin of 4% per year and has normal front-end fees
Given the volatile nature of equity markets in the current backdrop, mutual funds can act as a good vehicle for diversified investment, especially for small household investors and funds with no front-end fees
,' he said.
Indeed, franchising is frequently promoted as a business panacea where the franchisor is almost guaranteed success via access to front-end fees
and on-going royalties from franchisees, whilst the latter are claimed to exhibit a far higher success profile than conventional small businessmen due to their access to a `tried-and-tested' or `proven' business formula.
Gross proceeds to partnership 100% Less: Selling commissions 8% Estimated organization and selling expenses 4% Acquisition fees 1% Total front-end fees
13% Amount available for investment and working capital 87%
Peck says industries have responded somewhat cautiously - they are looking for assurances that the front-end fees
will be equitable.