frais de financement

CONT: L'escompte demandé sur un billet à ordre couvre les frais de financement et d'administration de la SEE (Société pour l'Expansion des Exportations) ainsi que le risque politique et le risque de non-transfert des devises auxquels s'expose la SEE.

CONT: ... there is an added financing cost of about $500,000 if $12 million is paid as a lump sum at the beginning of the year rather than being paid in 12 equal monthly instalments of $1 million. To put it another way, one can avoid a $500,000 financing cost by paying the $12 million in instalments rather than all at once at the beginning of the year.