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Clifford Chance

Clifford Chance


Extraordinary financing mechanism for paying suppliers of Spain´s Autonomous Communities

17 April 2012

  1. Scope of application: agreements for works, public service
    management, services and supplies to Autonomous Communities.
  2. Time limits and deadlines.
  3. Implementation of the financing mechanism.
  4. Effects of the financing mechanism: collection by suppliers by presentation for
    collection at credit entities, at a discount and without interest, costs or expenses.
  5. Financing mechanism: system of guarantees for financial entities, including possible State
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