SCHEDULE 12Trading income provided through third parties: loans etc outstanding on 5 April 2019
4Meaning of “outstanding”: loans in currencies other than sterling
1
In paragraphs 5 to 8 “the loan currency”, in relation to a loan, means the currency in which the initial principal amount of the loan is denominated (whether or not that amount is paid in that currency).
2
For the purposes of paragraphs 5 to 8, the value of an amount in a particular currency is to be determined by reference to an appropriate spot rate of exchange.