Regarding TA's restmcturing, you have already acknowledged that Final Term Sheet based on KfW restructuring scheme has been noticed to all creditors and selecting either option A or B of Unsecured Credit is required.
As a result of several negotiation with KfW based on idea of all OSP company's intention which is selecting Option B " Do not give up credit (i.e. not selecting option A)", we regard condition fur deferred payment has been improved since TA itself became Deferred Payment Note issuer and agreed with com ound 2% inte st and payment in yen etc. Also we think there is rational possibility of collection by our re-evaluation of the Business Ian.
To select Option A - giving up credit despite of rational possibility of collection in Option B, is not only against all OSP company' intention but also it will be less beneficial than selecting Option B.
As such reasons, we believe Option B is most realistic selection in order to maximize collection and we hope selecting Option B shall accelerate actualization ofTA's restructuring.
In respect to Option B matter between you and our company, although settlement of deferred payment in year 2014- 2015 has been requested by you, we shall pay in accordance with existing payment condition (pay in cash within 2 weeks after receipt),after our receipt of payment, of which conditions are described at Option B in Final Term Sheet