Metadata
Author: Giga-fren
Data
English[en]
Off balance sheet arrangements Accounts receivable securitization program The Company has a five-year agreement, expiring in May 2011, to sell an undivided co-ownership interest for maximum cash proceeds of $600 million in a revolving pool of freight receivables to an unrelated trust.
French[fr]
En raison de la période de recouvrement relativement courte et de la grande qualité des débiteurs vendus, la juste valeur de la participation indivise transférée à la fiducie correspondait approximativement à la valeur comptable.