S&P rts Compagnie Financiere Edmond de Rothschild fund.PARIS--(BUSINESS WIRE)--Standard & Poor's CreditWire 12/8/97 -- Standard & Poor's has assigned a triple-'Ar' rating to 'FCP Fourmi Moneterme', a French Franc denominated fund managed and distributed by the Compagnie Financiere Edmond de Rothschild Banque group. The custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. is SCT Sacrococcygeal teratoma (SCT) A tumor occurring at the base of the fetus's tailbone. Mentioned in: Prenatal Surgery Brunoy, a unit of Credit Agricole. The 'AAAr' rating assigned to the fund reflects the quality of its structure and assets as well as its ability to protect its capital value. The fundamental investment aim of FCP (Fibre Channel Protocol) See Fibre Channel. FCP - Flat Concurrent Prolog. ["Design and Implementation of Flat Concurrent Prolog", C. Mierowsky, TR CS84-21 Weizmann Inst, Dec 1984]. Fourmi Moneterme is to obtain a performance higher than the French overnight rates whilst providing a protection of capital at regular intervals as well as a minimum rate of return. The quarterly performance of the fund depends on the quality of a forecast of the path of the 3-month PIBOR PIBOR See: Paris Interbank Offer Rate inside a tunnel defined by the fund manager at the beginning of each quarter. The extent to which the interest rate forecast is successful will drive the fund's performance. The fund provides a quarterly capital protection consisting in the return of capital invested at the beginning of the period. The fund also provides a minimum performance at the end of the each period equal to the higher of a fixed return determined at the beginning of the period and to half of the average overnight rate during the period. The fund is aimed at investors with stable cash balances wishing to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the overnight rates while maintaining good liquidity. Although the principal of FCP Fourmi Moniterme is protected at regular intervals, the addition of the "r" subscript (1) In word processing and scientific notation, a digit or symbol that appears below the line; for example, H2O, the symbol for water. Contrast with superscript. (2) In programming, a method for referencing data in a table. alerts investors to the fact that there is interest rate risk if redemption takes place prior to the end of each period. Standard & Poor's has ascertained that the financial details of the package and the management of the fund were such that they ensure that the fund's capital will be protected at the end of each 3-month period in any circumstance. Standard & Poor's will regularly review the management of the fund as well the portfolio's asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and key investment parameters. In addition, the rating is subject to respect of specific guidelines regarding asset credit quality and weighed average maturity, Standard & Poor's said. -- CreditWire CONTACT: Stephanie Mery, Paris (33) 1-4420-6674 Marc Buffenoir, London (44) 171-826-3630 Copyright 1997, Standard & Poor's Rating Services |
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