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PROMAC

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AcronymDefinition
PROMACProfessional Management of Army Comptrollers Application
PROMACProgram Managed Contracts Reports


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Lily Hum discussed and demonstrated the new PROMAC system.
The 'A-1'-plus rating is based on the following factors: -- A liquidity agreement from Societe Generale and a syndicate of banks rated 'A-1'-plus committed to lend funds to PROMAC up to the full amount of non-defaulted loans; -- Credit enhancement consisting of an irrevocable LOC, a loan loss reserve, and a limited guarantee from Promus Hotel Corp.
 
 
 
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