I-13.2.2, r. 4 - Regulation respecting the indemnification plan applicable pursuant to certain resolution operations

Section 9 Disposition versions

2019-03-31

9. The amount of the indemnity to which an eligible person is entitled with respect to each share or liability is determined by the formula:

A – B – C

where:

A is the estimated liquidation value;

B is the estimated resolution value; and

C is

(1) if the share or liability is converted into contributed capital securities in accordance with its contractual terms, an amount equal to an estimate of losses attributable to that conversion; or

(2) in any other case, zero.

For the purposes of the first paragraph, the Authority must consider the difference between the estimated date on which the liquidation value would be received and the estimated date on which the resolution value is, or would be, received.

An eligible person does not receive any indemnity if the amount of the indemnity determined under this section is zero or a negative value.

M.O. 2019-01, s. 9.

Not in force

In force: 2019-03-31

9. The amount of the indemnity to which an eligible person is entitled with respect to each share or liability is determined by the formula:

A – B – C

where:

A is the estimated liquidation value;

B is the estimated resolution value; and

C is

(1) if the share or liability is converted into contributed capital securities in accordance with its contractual terms, an amount equal to an estimate of losses attributable to that conversion; or

(2) in any other case, zero.

For the purposes of the first paragraph, the Authority must consider the difference between the estimated date on which the liquidation value would be received and the estimated date on which the resolution value is, or would be, received.

An eligible person does not receive any indemnity if the amount of the indemnity determined under this section is zero or a negative value.

M.O. 2019-01, s. 9.