Disliked{quote} About FXCM. The aforementioned loan which FXCM took from Leucadia came with two key conditions: 1) Leucadia gets most of the upside should FXCM be sold down the road, and 2) FXCM pays Leucadia a very high punitive rate of interest on the loan as long as it remains outstanding. The loan interest rate started off at 10% (per annum), and increases by 1.5% each quarter for as long as it is outstanding up to a maximum of 20.5% per annum. The Leucadia loan stood at $193 million owing as at the end of Q1. And at the current interest rate of 17.5%...Ignored
- #24
- Edited 6:40am Aug 30, 2016 5:30am | Edited 6:40am
- Joined Dec 2005 | Status: Trader | 2,857 Posts