reu v rat, page-7

Quote "Our margin on the Credit Suisse facility is 1.78% over LIBOR on the UK assets and 1.75% over EURIBOR on the European assets

The rate we charge on the MPC portfolio is 3.5% over EURIBOR so our profit margin is 1.75% (ie. 3.5% less 1.75%)"
thus the profit margin increases as the libor or euribor decreases. However, that has not been happening. It has been increasing, so we could end up with NO PROFIT! on the CRE portfolio.

Or so it would seem

Regards rae915