FTTP quiz

What does "FT" mean?

• Financial Times

• feet

• featuring

• Financial Transactions

In what year(s) was the FT Paper published and officially endorsed (and becoming effective) under Irish law ?

• 2020 and 2021

• 2020 and 2023

• 2020 and 2022

• 2020

What is the Chapter corresponding to the FT Paper?

• IX

• X

• Y

• Z

What are the two types of cashpools arrangements (not model)?

• Entrepreneur and service provider

• Hybrid and notional

• Physical and national

• Physical and notional

A debt capacity analysis involves the assessment of the...

• Borrower

• Lender

In the French case, the Conseil d'Etat ultimately did not allow parties to use a credit rating tool

• Wrong

• True

What did the courts decide in the Blackrock case?

• Allowed the appeal on the basis the FTT was incorrect in attributing all the debits to a commercial purpose and by taking into account covenants that were not in the examined transaction

• Rejected the appeal on the basis that the FTT was correct in respect of the elements mentioned in option 1

• Allowed the appeal on the basis that the FTT was incorrect by applying an objective test to determine if there was a commercial or unallowable tax purpose

• Rejected the appeal on the basis that the FTT was correct in applying a subjective test to determine if there was a commercial or unallowable tax purpose