Sun Capital forms part of Sun Capital Partners, a US private investment firm focused on leveraged buyouts, equity, debt and other investments.

EuSEFs should not participate in systemically important banking activities outside of the usual prudential regulatory framework (so-called ’shadow banking’).

EuSEFs should not participate in systemically important banking activities outside of the usual prudential regulatory framework (so-called ’shadow banking’).

8. Understands that this will result in an estimated EUR 18 100 000 reduction on financing charges over the construction and loan amortisation period; reminds its competent bodies however that pre financing or repayments on buildings should be set as part of the budgetary strategy; calls on its competent bodies to therefore budget Parliament's property policy for future acquisitions with sufficient clarity;

9. Notes that Parliament decided to conduct an end-of-year ‘mopping-up’ transfer from various budget lines amounting to EUR 45 000 000 in unspent funds intended for the second instalment of the acquisition of the Trebel building in Brussels (EUR 35 000 000) and the construction of the new KAD building in Luxembourg; understands that as a result of this, an estimated EUR 10,4 million in financing charges will be saved over the construction and loan amortisation periods; deplores, nevertheless, the fact that Parliament has repeatedly requested that in the interest of budgetary clarity, buildings expenditure be entered in the budget rathe ...[+++]r than being financed through a ‘mopping-up’ transfer as requested in several previous discharge resolutions;

This is in particular the case where the ultimate underlying exposures are, for example, leveraged buy-out or project finance debt.