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banking beyond borders |
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BEIRUT
INTERBANK
FUND Monthly Report-February 2003 Net
Asset
Value
The period ending February 2003
Beirut
Interbank
Fund
investments
are
mainly
in
fixed
income
issues
of
the
first
top
ten
Lebanese
Banks
and
in
other
types
of
placements
with
different
term
maturities.
The
Fund
Beirut Interbank fund is a closed-ended, Common Placement vehicle, which invests primarily in fixed income securities of the first top ten Lebanese banks, with the objective of achieving a steady and superior annual income. Beirut
Interbank
Fund
was
launched
during
September
2002 The
denominated
currency
is
the
U.S.
Dollar.
Deloitte
&
Touche
defines
the
Fund’s
pricing
procedure
(based
on
average
bid
prices),
and
Midclear
S.A.L.
acts
as
custodian,
administrative
agent
and
Registrar
for
the
Fund.
Midclear
also
evaluates
the
Fund
on
a
monthly
basis
as
requested
by
the
Central
bank
of
Lebanon
and
on
weekly
basis
(each
Wednesday)
as
requested
by
the
Beirut
Stock
Exchange.
Bank
of
Beirut
s.a.l. |
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Bank
of
Beirut
s.a.l.
Bank
Of
Beirut
-
Head
Office
&
Branches |
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Other
banking
products
available
to
you
from
Bank
of
Beirut
: |
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©
1995-2003
Lebanon.com
Interactive-
USA
, |
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