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The Bank accounts for the purchase and sale of securities using settlement date accounting for purposes of the Consolidated Balance Sheet and the Consolidated Statement of Income.
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Luc is responsible for the Finance Department, including Investor Relations, Taxation and Strategic Sourcing. An assumable mortgage can be transferred from one borrower to the next.
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Financial instruments traded in a less active market have been valued using indicative market prices, present value or other valuation techniques.
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One thing to keep in mind: when you cancel one upcoming payment in a series, the entire series will be deleted. Specific allowances for credit card loans, residential mortgages and most personal loans are calculated using a formula method taking into account recent loss experience.
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