LETTER OF MORAL INTENT
A letter from a parent company that is intended to the bank, which states the subsidiary company is applying for a loan from the financial institution. While it is not a legally binding letter, it indicates the good-faith intention of the parent company to continue its financial support to its subsidiary, won’t sell or shut it down, to reassure the loan won’t be an overly risky decision. The letter of moral intent does verify the parent company’s awareness and approval on the loan sought by its subsidiary.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |
