BIS Review 73/2002  5  readings of early 2000. Credit derivative default swaps have improved recently in line with yield spreads. The overall cost of business capital has clearly declined, inducing in recent weeks increased issuance of bonds of all grades and halting the runoff of commercial paper and business bank loans.
The institution has had its share of operational challenges in the past, but somehow continues to show resilience in ensuring its Fiji operations remain prudent and sound. We noted that in 2012, CCFL made a strategic decision to have additional provisions, resulting in a higher than normal provisioning charge against its profit.