المادة 2(d): Definitions

d) For the purpose of implementing the requirements of these Instructions, words and phrases shall have the meaning assigned thereto, unless the context requires otherwise: - Financing Fund: A Direct Financing Fund and an Indirect Financing Fund. - Direct Financing Fund: An investment fund established for the purpose of carrying out the activity of direct financing for legal persons and investment funds. - Indirect Financing Fund: An investment fund established for the purpose of carrying out the indirect financing. - Default: The beneficiary’s full or partial failure to pay any amount due under the financing contract for a period of 90 days or more from its due date. - Beneficiary :The beneficiary of the financing. - Fund size: The total asset value of the Fund plus any capital pledged to be paid by the unitholders.