Recent Event Highlights: Brookdale Announces First Quarter 2010 Results and Record CFFO of $54.4 Million - MarketWatch (press release), Symyx Technologies Inc. Reports Operating Results (10-Q) - GuruFocus.com, UIL Holdings Corp. Reports Operating Results (10-Q) - GuruFocus.com, Roundy's makes agreement with Pension Benefit Guaranty Corp. - Milwaukee Journal Sentinel, Company Presenting $500 Million Letter of Credit for Rio Rancho Bonds HQ'd in ... - Watchdog, Noranda Income Fund Reports First Quarter Net Earnings of $7.1 Million - MarketWatch (press release), and 118 more...
Created by dipity on Mar 28, 2009
Last updated: 09/09/10 at 04:09 AM
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McMillan LLP > National Banking Law Review - April 2010Linex Legal (registration)... the Regulation of the Financial Sector / Strict Compliance With Letter of Credit Not Always Enough — Fairness and Equity in Letter of Credit Transactions.
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fca.linexlegal.com%2Fcontent.php%3Fcontent_id%3D566527&usg=AFQjCNGNdyGrlAMyKSdo44QxngoO1rhx2Q
Brookdale Announces First Quarter 2010 Results and Record CFFO of $54.4 MillionMarketWatch (press release)... our inability to extend (or refinance) debt (including our credit and letter of credit facilities) as it matures; the risk that we may not be able to ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fbrookdale-announces-first-quarter-2010-results-and-record-cffo-of-544-million-2010-05-03%3Freflink%3DMW_news_stmp&usg=AFQjCNGjN3yB1pp3wFLACPrBOOPM5tW1tw
Symyx Technologies Inc. Reports Operating Results (10-Q)GuruFocus.comAs of March 31, 2010, we had a standby letter of credit of $780000 with Bank of America secured by a $780000 certificate of deposit. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.gurufocus.com%2Fnews.php%3Fid%3D91918&usg=AFQjCNHS2iu1Yt1SqMB2_WuQ_jOgXxNDHw
UIL Holdings Corp. Reports Operating Results (10-Q)GuruFocus.comThe facility also permits the issuance of letters of credit up to $50 million. As of March 31, 2010, UI had $7 million outstanding under the facility and ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.gurufocus.com%2Fnews.php%3Fid%3D91886&usg=AFQjCNFAjvftmgfWiQgkkjGy2UM11ilioQ
Fitch Rates $40.7MM Polk County IDA, FL (Winter Haven Hospital) Rfdg Revs, Ser ...MiamiHerald.comThe rating is based on the support provided by two irrevocable direct-pay letters of credit (LOCs) issued by PNC Bank, National Association (rated 'A+/F1'). ...Fitch Rates SSM Health Care (MO) VRDBs, Series 2010D 'AA-/F1+' & 2010E 'AA-/F1'Earthtimes (press release)Fitch Rates SSM Health Care (MO) VRDBs, Series 2010D 'AA-/F1+' & 2010E 'AA-/F1'PR-inside.com (press release)all 20 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.miamiherald.com%2F2010%2F05%2F03%2F1610894%2Ffitch-rates-407mm-polk-county.html&usg=AFQjCNH3fgeYNFYNopgZyMb78DqUMxPbTg
CBS NewsRoundy's makes agreement with Pension Benefit Guaranty Corp.Milwaukee Journal Sentinel... Roundy's has agreed to add $2.5 million to a letter of credit obtained by the Pension Benefit Guaranty Corp. in November 2005, the agency said. ...Roundy's agrees to put more money into pensionsBizjournals.comNo Guarantees at the Pension Benefit Guaranty CorporationCenter for Public Integrityall 12 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.jsonline.com%2Fbusiness%2F92690009.html&usg=AFQjCNG6BDjfztZYzpv4S9NycuSgegZqRA
Company Presenting $500 Million Letter of Credit for Rio Rancho Bonds HQ'd in ...WatchdogRio Rancho has stated its intention to issue $500 million in industrial revenue bonds on the basis of a letter of credit presented by a ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwatchdog.org%2F3721%2Fcompany-presenting-500-million-letter-of-credit-for-rio-rancho-bonds-hq%25E2%2580%2599d-in-ups-store-in-las-vegas%2F&usg=AFQjCNHRpeh_d1Ds4I8BsGDjg5U0PAv6rg
Noranda Income Fund Reports First Quarter Net Earnings of $7.1 MillionMarketWatch (press release)The Fund is required to maintain a letter of credit or cash, for the benefit of the holders of the Notes, for an amount equal to or greater than three ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fnoranda-income-fund-reports-first-quarter-net-earnings-of-71-million-2010-05-03%3Freflink%3DMW_news_stmp&usg=AFQjCNGfPZ0ZlJfrp9lqP9PQmlS6NvRDnQ
Acts of God don't impress banksBusiness StandardIndian exporters who had presented the documents under letter of credit to the negotiating bank or nominated bank in India can very well take a stand ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Factsgod-don%255Ct-impress-banks%2F393648%2F&usg=AFQjCNE6JFmz7PBVkCEZ1bslLiMiP7KsSg
Correct or change inaccurate information on your credit report.
Bankers Petroleum resumes sales to Albania refineriesReuters... $12 million sales receivable, said all sales to Albanian Refining & Marketing of Oil Sh.A (ARMO) would be secured by a revolving letter of credit. ...Bankers Petroleum secures local oil sales by revolving letter of credit.ISI - Emerging Markets (subscription)Bankers resumes oil deliveries to Albanian refineriesMarketWatch (press release)all 22 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.reuters.com%2Farticle%2FidUSSGE63L0JG20100422%3Ftype%3DmarketsNews&usg=AFQjCNHhkcU2QuxAqYEq21cnBAABj61PeQ
Excerpt
...and seventh paragraphs cover the situation of failure to complete the project. The Planning Board did not call in the letter of credit to allow the town to complete the construction. My question to selectmen is this: Will you take any legal action against...
Source Info
Gloucester Daily Times
http://www.gloucestertimes.com/puopinion/local_story_105231604.html
*******SUBSCRIBE******** Once again Financial Chemotherapy LLC has done it again. We added $35000 in Trade Lines dispersed in 4 ways, with 4 different financial institutions. This client came to me with a 540 Fico Score about 3 months ago. He also came to me with a 125% Debt To Income....yeah, it was bad!! But, it was all good because I knew what to do. I never add Trade Lines to anyone's credit report without looking at the credit report first! When I saw that he had negative items on his credit I told him to enroll in CREDIT REPAIR (www.credit-debt-vendetta.com) and we will add the Trade Liens simultaneously. So, we waited for the Credit Repair to take negative Item out, and added the Trade Lines! Then BOOOOMM.....he got a 747 Fico Score from TransUnion and we are still helping him with Credit Repair! Also, his Debt To Income Ratio is 25%... I'm so excited! Through my commitment to him and his commitment to following what I told him to do, we were able to achieve this! He now wants to add Primary Trade Lines because he is thinking about purchasing a Night Club....my people want to BIG things! Contact Financial Chemotherapy LLC for your Credit Repair needs! Financial Chemotherapy LLC Services: -Debt Settlement: Reduce Unsecured Debt 25-50% -Credit Card Counseling: Reduce Interest Rates on Credit Cards to 2-9% -Credit Restoration: Remove negative and out dated information from Credit Report www.credit-debt-vendetta.com -CPN numbers New Credit Profile and a 725+ Credit ...
Excerpt
The usual procedure is that the importer's bank will open a credit in favour of the exporter at the specific request of the importer. The credit is then advised to the exporter usually through a bank in his country (which is called the "advising" bank;
Source Info
Associated Content
http://www.associatedcontent.com/article/2525819/importexport_agent_understanding_letter.html
This teaches you how to import and use Letters of Credit into Prodoc.
Jimmy Wadia - o9-17-09 Ari date Jimmy Wadia 60-46 Booth Street Elmhurst, NY 11373 Tel.: 718-335-7525 Cell: 917-804-2017 E-Mail: JJWadia@aol.com Summary: Almost 20 years of successful experience in Letters of Credit Operations as a manager for the past 14 years. Well versed in all areas of letter of credit theory and practice. I have worked with systems personnel to develop operations software for processing Letter of Credit transactions. Because of my interest in computer programming, I hold a certificate in C programming (1999). I have also completed courses in Java Programming and Advanced Java (2000). Loyalty and conscientiousness have been emphasized in Service Star Awards received. I am a quick study with a proven track record of working with large staffs of diverse backgrounds. EXPERIENCE UFJ Bank Ltd., NY07/2003 11/2005 Assistant Vice President, Letters of Credit Manage staff of 18 personnel including 3 supervisors in Import, Export, Collections, Issuance and Standby departments. Ensure smooth workflow of incoming documentary and issuance requests. Serve as a technical resource to staff. Personally handle documentary rejections, system problems and forfaiting issues. Interface extensively with customers, correspondent banks, account officers and personnel of other departments. Conduct semi-annual and annual reviews of staff and supervisor performances As of 1/1/2006, UFJ Bank Ltd. merged with Bank of Tokyo-Mitsubishi and my services were terminated. Union Bank of ...
www.fixmyuglycredit.com Click link now to discover 8 secrets to a 680 credit score.... Stop debt collectors...and credit bureaus...and credit repair companies from trapping you in bad credit. Improve your credit scores fast. http
www.37daystocleancredit.com In this video I sow you REAL proof on how I deleted 1 judgment and 1 charge off my credit report with 1 letter. You'll see the exact letter Transunion sent me.
How do you move 2000 ocean containers (dry cargo and refrigerated food containers) after they are unloaded from the ship and loaded on a train going across the country from California ports to various stores such as Target, Home Depot, Walmart and other retailers located all over the USA.? Learn international shipping skills and get a job in the growing field of international shipping/logistics. Get a job with freight forwarders or exporters. Travel and see the world while you work.Classes are offered by the South San Francisco adult education center, starting last week of Aug. 2009 for the fall semester. Courses are 8 weeks long, and low cost. Instructor: Emilio Milian. Check the school website for details: www.ssfusd.org ======== www.ssfusd.org Limited seating so signup early and reserve your place in class. Class fee and cost of book. Get your certification in one semester of study.
Our brave and bold Godly Team Member, Bacchus, doing his skit at ColossalCon's Masquerade!! *Won Best Performance* Bacchus as L Series - Death Note Con - ColossalCon 2008 Taken from Demitri Martin, danced to Caramelldansen and brought to you by the Letter L. Credit is given to the lovely and talented ICosplay for the video!! www.icosplay.com
Antiques and the Arts OnlineConstantine & PletcherAntiques and the Arts Online, CTChecks from out-of - state buyers must file a bank letter of credit with us no lat er t han Marct 26th No Exceptions. Local checks must have 2 forms of 1D. * 15% Buyer 's Premium * Sale conducted by Constantine and Pletcher * Auction License #RH000944 ...
http://antiquesandthearts.com/events/auction.asp?id=8569&type=1
Los Angeles TimesFor ex-subprime king Ameriquest, money did the talkingLos Angeles Times, CAIn a letter to the editor, Daniel J. Fink of Los Angeles said that, "Federal regulators may not have been watching Ameriquest Mortgage Co., but various state regulators tried." "Unfortunately," Fink wrote, "their attempts were thwarted by Ameriquest's ...
http://latimesblogs.latimes.com/money_co/2009/03/ameriquest-arna.html
TPMMuckrakerDid Cassano Shut Out AIG Risk Officers?TPMMuckraker, NYTwo months later, the federal Office of Thrift Supervision, which regulated AIG's financial-products unit, sent a letter to the company, also released by Congress. OTS said the unit "was allowed to limit access of key risk control groups while material ...
http://tpmmuckraker.talkingpointsmemo.com/2009/03/did_cassano_shut_out_aig_risk_officers.php
The AgeThe write stuffThe Age, Australia... and signing credit-card receipts. Will the next generation write in diaries? (Who needs to when you can record every moment on the web?) If they no longer send love letters, will they save those heartfelt emails and flirty texts for posterity? ...
http://www.theage.com.au/news/entertainment/arts/the-write-stuff/2009/03/26/1237657067316.html
Ecommerce JournalChoose the right tool to protect your identity!Ecommerce Journal, MATo request a security freeze, contact each of the three credit bureaus separately. Some years ago credit freezes involved writing a certified letter with your personal information where you requested to place, lift, or remove this service . ...
http://www.ecommerce-journal.com/articles/14256_choose_the_right_tool_to_protect_your_identity
C&G NewspapersFraser’s McHenry to play college hoops in MissouriC&G Newspapers, MIIn early February, McHenry signed her National Letter of Intent to play basketball at Truman State University in Missouri. “I think this is a great opportunity,” McHenry said. “I know my team has helped me out so much. They deserve credit too, ...
http://www.candgnews.com/Homepage-Articles/2009/3-25-09/sports/becka-mchenry-sign.asp
Romford RecorderCouncil's fury at Icelandic cash blameRomford Recorder, UK... the commission considers them negligent for not verifying the credit rating before placing the deposit." The council has sent a lawyer's letter to the Commission, giving it until lunchtime today (Friday, March 27) to formally retract its statement, ...
http://www.romfordrecorder.co.uk/content/havering/recorder/news/story.aspx?brand=RECOnline&category=newsRomford&tBrand=northlondon24&tCategory=newsromford&itemid=WeED27%20Mar%202009%2010%3A39%3A17%3A717
Sofia EchoChasing levaSofia Echo, BulgariaIn mid-March, the financial institution said that it sold 68.1 million leva worth of bonds, which caused a commotion on the Bulgarian markets and prompted Bulgaria’s Finance Minister Plamen Oresharski to send an angry letter to his Danish counterpart. ...
http://www.sofiaecho.com/2009/03/27/695795_chasing-leva
XinhuaChina Center to be established in New York's famous buildingXinhua, ChinaImmediately after the signing, the China Center provided the Port Authority with a 10-million-US-dollar letter of credit. The lease is for 20 years and nine months, effective upon completion of the building in 2013. The New York City Investment Fund, ...
http://news.xinhuanet.com/english/2009-03/27/content_11082698.htm
New York TimesInquiry Asks Why AIG Paid BanksNew York Times, United States“We would like to know if the AIG counterparty payments, as made, were in the best interests of the taxpayers who provided the funding,” said Representative Elijah E. Cummings, Democrat of Maryland, in a letter to Neil M. Barofsky, ...
http://www.nytimes.com/2009/03/27/business/27cuomo.html?ref=business
The Market OracleUnited States Economy, US Dollar and the China FactorThe Market Oracle, UKThe quotes, discussion, and analysis are included in recent Hat Trick Letter reports. The latest is a firm undercut against both confidence and integrity in the US Dollar, when $1.05 trillion in monetized USTBonds and USAgency Bonds will be completed, ...
http://marketoracle.co.uk/Article9684.html
ReutersAckman says Target mis-stated size of boardReutersIn a letter dated Thursday and filed with the US Securities & Exchange Commission, Ackman wrote to Target Chairman and Chief Executive and Gregg Steinhafel to say he disagreed with the size of the board. We "have found no disclosure to the effect that ...
http://www.reuters.com/article/americasPrivateEquityNews/idUSTRE52P7R420090326
AsiaOneEmail from potential employees a virus?AsiaOne, SingaporeSome viruses will send out more messages via e-mail applications, while others try to get information like credit card details. Besides the rejection letter, scammers are also preying on financially strapped users via 'business' scams. ...
http://digital.asiaone.com/Digital/News/Story/A1Story20090326-131315.html
Voice of AmericaWTO Says World Governments Slipping into ProtectionismVoice of AmericaIn a letter to the Group of 20 major economies, Mr. Ban said the most vulnerable developing nations need at least $1 trillion to sustain them through the crisis this year and next year. Mr. Ban says he realizes this is a large sum, but says he believes ...
http://www.voanews.com/english/2009-03-26-voa32.cfm
Hartford CourantAIG Executive Testifies Before State CommitteeHartford Courant, United StatesBut he made reference to "different product lines" at Financial Products -- specifically to the product line of Financial Products Vice President Jake DeSantis, who recently resigned and allowed the New York Times to publish his resignation letter ...AIG staff called to explain bonus Boston GlobeAIG Exec To Appear Before Conn. Lawmakers CBS Newsall 2,241 news articles
http://www.courant.com/news/politics/hc-web-aig-legislaturemar27,0,6944982.story
Boston GlobeDemolition left only a segment of the Jones, McDuffee, and ...Boston Globe, United StatesPalmieri, the BRA executive director, said that even if every step had been followed to the letter by the agency and the agency had scrutinized the project's finances more closely, the result arguably could have been the same. ...
http://www.boston.com/realestate/news/articles/2009/03/26/rushing_to_a_standstill
BU TodayHanging with Bukowski at the Gotlieb CenterBU Today, MAHolding the first letter was, appropriately, intoxicating. Slightly wrinkled in places, smudged in others. Dried beer drops? Cigarette ash? I fought the urge to slip a finger out of my glove and run it over the imprints of the letters hammered onto the ...
http://www.bu.edu/today/campus-life/2009/03/25/hanging-with-bukowski-gotlieb-center
Examiner.comGoodbye credit card apps, so long Val-Paks – The US Post Office ...Examiner.comLetter Carriers union President William Young told the house hearing, “The Great Recession we face today threatens to destroy the most trusted and universal connection most Americans have with their national government.” And here I thought my most ...
http://www.examiner.com/x-662-Strange-News-Examiner~y2009m3d25-Goodbye-credit-card-apps-so-long-ValPaks--The-US-Post-Office-may-not-make-it-another-year
CBS NewsAnalysis: AIG Letter Reflects Tone Deaf Wall StreetCBS News, NYIn the letter, which DeSantis appears to have given to the Times, the now-former AIG executive explains that he had nothing to do with the credit default swap transactions that led to the company needing a massive government bailout. ...Controversial AIG unit sees more departures: source ReutersAIG Executive Writes Resignation Letter, Tells Edward Liddy Where ... New York MagazineAIG accused of betraying staff in bonuses row Telegraph.co.ukNewsday - AFPall 531 news articles
http://www.cbsnews.com/blogs/2009/03/25/business/econwatch/entry4892562.shtml
ReutersUN urges G20 to back $1 trillion aid for poor nationsReutersIn the letter, Ban made clear that his plan was intended to provide liquidity and prevent social unrest in developing countries due to a deepening of the credit crisis. Ban emphasized the importance of securing a new global agreement on reducing ...Ban asks G-20 to agree on 1 trillion dollars to assist poor Earthtimes (press release)UN Urges G20 To Back $1 Trln Aid For Poor Nations Javno.hrall 1,936 news articles
http://www.reuters.com/article/gc08/idUSTRE52O58N20090325
msnbc.comFirst thoughts: The Obama ocean-linermsnbc.comMr. desantis takes pains to say through the entire letter that he never had any hand in the credit-default swap debacle that has consumed his company, that his division has always turned a profit, that he has worked to try and turn the company around, ...
http://firstread.msnbc.msn.com/archive/2009/03/25/1865075.aspx
Daily MailBorrow-to-bet fury as Lloyds is accused of encouraging gamblingDaily Mail, UKBy James Salmon Debt charities and politicians have attacked Lloyds TSB for encouraging borrowers to gamble on their credit cards. In a letter seen by Money Mail, the High Street giant, which is propped up by billions of pounds of taxpayers' money, ...THE LAST WORD by TONY HAZELL: Lloyds TSB addicted to gambling Daily Mailall 7 news articles
http://www.dailymail.co.uk/money/article-1164544/Borrow-bet-fury-Lloyds-accused-encouraging-gambling.html
ReutersMerck target of Vioxx federal grand jury probeReutersBut it only last week received a letter from the US Attorney's office for the District of Massachusetts informing the drugmaker it is a target of the grand jury investigation, Merck said. The probe involves Merck's research, marketing and selling ...
http://www.reuters.com/article/healthNews/idUSTRE52M7A320090323
Press of Atlantic CityAs more try to reduce debt, bankruptcy filings soar in southern ...Press of Atlantic City, NJHe juggled a Sears card, a Home Depot card and a couple of credit cards on a monthly income of about $4000. Creditors would target his phone. They sent him letters he called “dirty notices.” When one credit card company called his brother’s house, ...
http://www.pressofatlanticcity.com/186/story/435559.html
New York TimesObama Acts to Aid Small BusinessesNew York Times, United States“Too many dreams are being deferred or denied by a form letter canceling a line of credit.” On a day when his administration was trying to head off any political damage from the news of bonuses being paid to executives of American International Group, ...Obama acts to boost small-business lending Los Angeles TimesSmall-Business Lending Gets a Boost Washington PostTranscript: Obama Speaks To Small Business Leaders CBS NewsRTT News - Whitehouse.gov (press release)all 1,960 news articles
http://www.nytimes.com/2009/03/17/business/smallbusiness/17sbiz.html?ref=politics
Excerpt
...various specialist products that this division provides of which the most relevant new product is the back-to back letter of credit facility. The back to back LC facility is the financing of an import trade on the strength and security of the backing export...
Source Info
Khaleej Times
http://www.khaleejtimes.com/darticlen.asp?xfile=data/business/2009/February/business_February1340.xml§ion=business
Why you should dispute all errors in your credit report with CRAs (Credit Reporting Agencies) first before disputing it with your lender. For simple one-time late records in most cases you don't have to do a dispute, because just one phone call to the original lender is usually enough to resolve the case. But for more complex situations it is recommended to start the dispute with the Credit Reporting Agencies (CRAs) first. Why? First because it maybe the only step that's required. The agency will try to verify information with the lender and correct as needed. If the lender can not verify the record - the record will be removed - and you don't have to do anything else. Second, if the record gets verified and stays - you now have the proof that erroneous informaion comes from the lender or collector - and you can request them to investigate and remove the error. By law (FCRA - Fair Credit Reporting Act - see www.101creditrepair.com ) they have to remove the error (or you can sue them). You can call the lender and ask what information they have on file to support the record. You may need to escalate to a manager or to their legal department. If they can't present documentation to support their case - they must remove the record. It is usually a good idea to ask them to send messages to all Credit Reporting Agencies to remove the record - and also to give you a letter stating that this record was erroneous and should be removed. You may need this letter later if the record ...
Start with getting your 3 credit reports and 3 FICO scores from www.myfico.com. Once you received and analyzed the information - follow these 5 steps (1) Late records. Call your lenders and ask them to remove the late records in exchange of you making the payment. Or just say that you don't recall being late. It may be as simple as a phone call. (2) Settle with lenders. Negotiate that they will remove the bad records from your file retroactively instead of just reporting the debt as "paid in full". The original creditor has the power to do this (completely dismiss all bad records related to the account). Also important is to get their promise in writing before you pay them. Usually it is a signed letter on a letterhead sent to you via fax. (3) Dispute with CRAs. Do this by writing letters, providing proof - and sending them via certified mail so that you will have a confirmation of delivery for your file. If you do it right - the agencies will have to verify the facts and remove mistakes in no more than 30 days. In the guides on our web site ( www.101CreditRepair.com ) we provide sample letters and explain the tactics. (4) Get more positive records - ask the lenders or vendors with whom you have good standing to send good information about you to credit agencies, or simply give you letters which you can forward to credit agencies yourself. This tactics is usually overlooked - but it is effective in shifting your good-to-bad balance. (5) Reduce your revolving debt-to ...
How a letter of credit is performed. Postup pri akreditíve.
The Credit Crisis is Just Another Way of Describing a Loss of Trust 1. The BDI measures the Baltic Exchange; a market index that calculates the price of a ship lease... for the buying and selling of time charters of ships. If I need a ship, I lease one from a ship broker and the ship broker reports the terms of my lease ie: price, size of ship, lease period etc... to the Baltic Exchange and they record the price. Wall Street speculators entered the market and started buying up time charters ...
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