A stipulation in a back-to-back or two-currency loan which protects the lender from currency devaluations. By virtue of this clause, the borrower is obliged to make payments to the lender when the value of the currency declines. However, this can cause additional taxes on the lender since he has to declare the additional payments as income.
Related information about topping-up clause:
- Topping-Up Clause Definition | Investopedia
A topping-up clause is designed to protect lenders from foreign-currency devaluations. It requires borrowers to make additional currency payments to lenders to ...
- Topping-Up Clause: Definition from Answers.com
Topping Up Clause Language in a Back-To-Back loan, or a two-currency loan, protecting the lender from currency devaluations.
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Definition of topping-up clause: A stipulation in a back-to-back or two-currency loan which protects the lender from currency devaluations. By virtue of this clause , ...
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- EUR-Lex - 52001DC0595 - EN
This paragraph is often called the "topping-up" clause. The Directive stipulates that the Commission should report on the operation of paragraphs 2, 3 and 4, ...
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Definition Of Harrassment In The Workplace, Definition Of Bullying And Harrassment, Definition Of Workplace Harrassment.
- Deposit Insurance Systems Around the World - White & Case
Sep 7, 2005 ... This provision, referred to as the "topping-up" clause, allows an institution to offer the same coverage to depositors in host states as host state ...
- ERECTION ALL RISKS POLICY - Etiqa
TOPPING UP CLAUSE (AS PER SCHEDULE). Notwithstanding the limit of the sum insured under Item I and II of Section I the indemnity granted by this ...