Rezension:
I\'m on holiday purchase sildisoft Fitch believes the non-performance risk of a pure non-viability trigger (at the discretion of the Hong Kong Monetary Authority) in Tier 2 notes is adequately reflected in the anchor rating and no notching is required. Where structural features, such as management discretion over coupon payments, or the inclusion of easily activated triggers, are present and which are more common in Basel III Tier 1 instruments, notching for non-performance of up to three notches may be applied.
