Irrespective of ones opinion on any potential outcome in Iran – diddly squat will happen until this has been addressed , which has nowt to do with Trump or sanctions – 14th - 19th October is the FATF plenary meeting – if the Iranians don’t get their house in order by then the next meeting will be 17th – 22nd February 2019 …….
https://www.middleeasteye.net/columns/storm-moving-towards-iran-fatf-deadline-looms-974467221
I’m aware of what activities are sanctioned , and I’m also mindful of what Fowler said - wasn’t he going to write to the US treasury for a letter of comfort a few months back ? His reply must have got lost in transit (o: So you prefer the euro - pray tell - when PF has circumvented secondaries , which UK bank will we be banking with ?
It just won’t happen for so many reasons - you mentioned not doing business with the USD for the time being - when the day dawned that we decided we wanted access the dollar again the fine handed down would be eye watering |o:
Your probably right in respect of the low teens stagnation - as you will have gathered I’m not holding my breath on Iran , though I’m sure something will come along to hike it in to the late twenties somewhere down the line (o:
Gay - I’m not privy to owt - my logic is 100% from here has to be achieved so the pigs can get their collective snouts in the trough - they’ll get it there by hook or by crook (o:
To be clear I have never said the deal is dead in the water - I have said that imo it won’t move unless Trump decides to do a deal with Iran - I just happen to disagree with the notion that secondary sanctions will be avoided |o:
Nope...... your presumption is incorrect - I’ll refer you to a previous answer to a similar question;
Why am I still invested - because I’m as gullible and greedy as everyone else who stuck around for the ME contract to come to the boil - had I known it was in Iran you wouldn’t have seen my ar$e for dust - I take a few crumbs of comfort that the strike price our greedy bod set for their undeserving options will see me bank a profit when it arrives - when it gets there I’ll be gone |o:
Have a read up on Swift - it’s an interesting one, but IMO the USA will win the day )o:
With respect , the frequently quoted line that we have no business in the US is a nonsense , we use the US dollar in SL and no doubt other countries of interest to us also use the dollar - ultimately, all international payments in US dollars have to be settled through the US as they are the issuer of the currency, with international wire transfers being processed through the Federal Reserve we would be caught in this web in respect of our SL contract /o:
Our insurance requirement was quoted ( I think by Baldry) as being a €100m airside policy - insurance of that type wouldn’t be insured by a single insurer - it would be layered in tranches of risk , i.e the first €20m of cover would be the highest risk and taken by the principle insurer , the next €20m would be less risk and taken by company with less appetite for the risk and so on - so although fronted by a single insurance company such as ,say Zurich , the risk would be reinsured by as many as four other insurance companies who would take say €20m of risk each , so potentially our broker will be looking for at least two , but possibly as many as five insurance companies in the airside market with zero ties to the USA or its financial system - best of luck with that one /o:
In respect of the banks and the EUs commitment to Iran , let’s see if the German government agrees let one of its banks release Iran’s €300m they want next week - the US have made it clear they don’t want it released - we’ll soon see which way the wind is blowing /o:
Mike - I don’t believe our services fall outside indirect sanctions , and I don’t believe the secondary sanctions will be circumvented , and if they somehow were would that not constitute non compliance in the eyes of OFAC ?
As will be demonstrated in the interims Fowler will be happy to perpetuate the myth that we are inching towards a start in the absence of any other news - only to be followed by an early November RNS along the lines of sorry folks , we did our best but those pesky secondaries screwed up our supply chain /o:
In respect of the job ads I don’t doubt there might be a vacancy or two , but placing those job ads on a couple of websites frequented by two men and a dog tell me there posted up for PI consumption /o:
https://sputniknews.com/business/201808231067424867-swift-issue-iran-sanctions-eu/
We clearly have differing interpretations of the meaning of prevarication - I would go with the following “ To speak or act falsely or evasively with intent to deceive “ imo not commenting is not commenting , they will of course offer a statement in due course .
Here would be my definition of prevarication by our very own PF ;
“ Whilst some multi-national corporations with large exposure to and trade links with the US have announced a withdrawal from Iranian activities we are encouraged that others such as Renault have publicly stated they are committed to continuing business with Iran.”
What Fowler should have added from the same Renault statement was as follows ;
“ However, we are not going to do so to the detriment of Renault’s interests — we will be watching closely to make sure our presence in Iran does not provoke direct or indirect reprisal measures on the part of American authorities.”
“Ghosn said a Renault team working on the issue was “in direct contact with the American administration to work out what can be done and what cannot be done.”
You state the obvious in respect of sanctioned payments through swift - the banks will make sure there won’t be any !
The November banking transactions allow Non -U.S. subsidiaries of U.S. companies to have completed Wind-down operations by 4 th Nov /o:
How can not commenting on a subject be seen as prevarication ?
Those banks may well have Iran related business to conclude prior secondaries becoming effective 5th November, so why would comment two months out ?
Unless Trump decides otherwise - secondary sanctions will ensure swift pulls the plug on Iran ,and so will JP Morgan & Citi Group |o:
Nudging towards half the size of the Wembley pitch ......
Appears Fowler has found a new medium for getting the jungle drums going - the trusty job ad ( I wonder what became of all those French speaking positions last March ) , has the whiff of “ let’s get some news out their to keep the peasants happy” - works every time - funny how we never see any Banbury based positions plastered across our website (o:
Westminster Facilities Management has never changed a light bulb |o:
You couldn’t make it up - why don’t they stick to what they know !
WHY would they not be appointing a PQS / project management outfit , package the build and award it lump sum if poss taking a margin /o:
I wonder if we’ll be any better at being builders than we were at playing boats ?
Wulbert also beware posters exhbiting signs of confirmation bias (o;
Your being for too charitable describing ME comms as unimpressive ;
July 16 we were “finalising the last few issues as a matter of urgency - “ Sept 16 final negotiation stage - Nov 16 back in to bed with Darwin ,funds to be in part used towards ME post contract spend - Dec 16 “ preparing the required support structures and infrastructure in order to be able to deliver the project” - then came the ( yawn ) increase in scope - contract discussions largely complete Feb 17 “ actively preparing the required support structures and infrastructure necessary to deliver the projects, including organising a complex supply chain “ — June 17 finals , still labouring with our supply chain followed by ( great comms ) three months without a peep from our bod — Sept HY we had reached agreement with the client and other bodies involved on the key points of the project and we are now working with them to finalise the commencement programme and scope. “ funding expected in Q4 2017 — Dec 17 we were the fed the line about the final internal approval process funding due Q1 - Jan 18 imminent - Mar 18 still imminent with the rest being history /o:
This bod, to include the one before it has never managed the expectations of PIs , quite the opposite , appalling would be my choice of word for comms - others might say misleading |o:
Though a squint back at our short list of “achievements “ provides a clue as to why the bod have always felt the need to embellish the facts around known contracts in talks , that being there has always been sweet FA going on elsewhere - demonstrable by there being hardly a whisper on the other dozen or so MOUs in the afore mentioned 2 year period /o:
Thanks for that one on the EIB Mike - seems to ring a bell with a post back on June 7th off one of the de rompers |o: good to see folk getting up to speed (o: - just shy of 2 months to see it re posted /o:
#dosomefkingresearchfolks
LOL (io: you couldn’t make some of this shat up !
Since you came out with the boxing gloves on Mikes 18.32 are you comfortable to reingage as I’d enjoy the debate on the banking structures - and stuff - and the new German things (o: don’t be shy H&N join in Zzzzzzzzz
Why dont you quit the cryptic Jimzi and spoon feed us lesser mortals the way of the diplomatic world ? As requested heres reminding you of your 20.41 post - can you remind me of what im reminding you of ?