TNAG-2409-FCO40-3503-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-Brit-1992 — Page 287

appropriate weighted value as

commitments are made. However

the market exposure position at the start of the introduction of the new scheme will be unadjusted eg will include everything counted at 100% under the old scheme (including some cash cover which would now be counted at 25%) and exclude everything until

now ignored.

IMPLEMENTATION DATE

16

Subject to the practicalities being worked out in more

detail it is proposed to implement the new system with effect

from the beginning of the next Financial Year 1992/93.

PMS CASE/MARKET CONTROLS

17 The existing PMS case and market controls require cases to

be submitted to EGC when certain thresholds are passed, ie all

indications and commitments on Amber Zone markets over £100m;

all cases where cumulative commitments in any one year on any

AZ market exceeds £200m. It is proposed that in deciding

whether a case is caught by these controls we should use the

weighted rather than the nominal value.

ECGD

January 1992

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