| All material transactions between consolidated companies, and all intercompany profits, have been eliminated. |
| Similarly, the insurer's experience data may be unreliable or not statistically credible and the only available data may be intercompany experience data, which may lack pertinence to the insurer. |
| We observed a case of a taxpayer using intercompany borrowings to create losses in a profitable subsidiary. |
| All significant intercompany transactions and balances have been eliminated upon consolidation. |
| It goes without saying that in the world of intercompany transactions, security is an area of major importance. |
| Another battle centers on a dispute between Lehman and a Switzerland-based affiliate over intercompany loans and derivatives guarantees. |
