FICOM definition
Examples of FICOM in a sentence
The cap will be based on Kootenay Savings Credit Union’s ability to pay at that time, which will be defined by a minimum Return on Average Assets (ROAA) of .40% as reported through the FICOM Comparative Analysis Report (CAR) audited year end: Line: “Net Operating Income (Loss)”.
The Parties recognize and acknowledge that the application for solvency extension to FICOM is a short term resolution.
For small export-oriented businesses and for the agricultural sector providing for many people’s livelihoods in these countries, the Customs Union represents an important market for their products.
As such, only $10 million of excess pension payments have been included in the Trend Forecast cash flows and the present value ("PV") of the FICOM Contributions beyond the Forecast Period were calculated separately (as further discussed below).
In the calculation of the terminal value, PwC also deducted the PV of the FICOM Contributions beyond the Forecast Period.
The PV of FICOM Contributions beyond the Forecast Period was determined to be in the range of approximately $25.7 million to $27.0 million.
Specifically, should FICOM approval not be granted, the Employer and the Union will meet within 30 working days to discuss further steps regarding the solvency deficit issue.