solenoide
Forumer storico
Ciao,
il prospetto e' da leggere bene , c'e' anche una bella loss absorption e quel "any sums" e' vago ma credo si riferisca anche al capitale.
Retained Funds to absorb losses
For the avoidance of doubt, if the Bank is not solvent for the purposes of Condition 2(b), any
sums which would otherwise be payable in respect of the Capital Securities by the Bank will
instead be available to meet the losses of the Bank.
il prospetto e' da leggere bene , c'e' anche una bella loss absorption e quel "any sums" e' vago ma credo si riferisca anche al capitale.
Retained Funds to absorb losses
For the avoidance of doubt, if the Bank is not solvent for the purposes of Condition 2(b), any
sums which would otherwise be payable in respect of the Capital Securities by the Bank will
instead be available to meet the losses of the Bank.
Quindi è una "prima inter pares"...
Solovaloreaggiunto...
Investors will always receive payments made in respect of Capital
Mechanism Securities in cash. However, if the Bank defers a Coupon Payment, then
any such Deferred Coupon Payment must be satisfied by the Bank by
the issue of its ordinary shares. In that event, the Parent will issue its
ordinary shares to the Trustee or its agent in exchange for the ordinary
shares so issued by the Bank.