https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Insolvency_waterfall 2026-09-11T23:12:09Z Revision history for this page on the wiki MediaWiki 1.40.0 https://wiki.treasurers.org/w/index.php?title=Insolvency_waterfall&diff=27315&oldid=prev 2023-04-23T14:25:30Z

<p>Layout.</p> <table style="background-color: #fff; color: #202122;" data-mw="interface"> <col class="diff-marker" /> <col class="diff-content" /> <col class="diff-marker" /> <col class="diff-content" /> <tr class="diff-title" lang="en-GB"> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td> <td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 14:25, 23 April 2023</td> </tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l28">Line 28:</td> <td colspan="2" class="diff-lineno">Line 28:</td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:That was one of the issues with SVB with its clients amongst the VC, tech and life sciences community,' he says.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:That was one of the issues with SVB with its clients amongst the VC, tech and life sciences community,' he says.</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'For smaller companies, you might fit within the preferential rung in the insolvency waterfall, but if you're a large company, you’ll be an unsecured creditor for amounts above the [FSCS] £85,000 guarantee – so that's why you would need to examine that,' he says."</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">:</ins>'For smaller companies, you might fit within the preferential rung in the insolvency waterfall, but if you're a large company, you’ll be an unsecured creditor for amounts above the [FSCS] £85,000 guarantee – so that's why you would need to examine that,' he says."</div></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr> <tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:''The Treasurer online - Risk Management &amp; Strategy - Lawrie Holmes - 14 April 2023.''</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:''The Treasurer online - Risk Management &amp; Strategy - Lawrie Holmes - 14 April 2023.''</div></td></tr> <!-- diff cache key acta01_wikiprod:diff::1.12:old-27314:rev-27315 --> </table>

imported>Doug Williamson https://wiki.treasurers.org/w/index.php?title=Insolvency_waterfall&diff=27314&oldid=prev 2023-04-23T14:25:04Z

<p>Create page - source - ACT - https://www.treasurers.org/hub/treasurer-magazine/time-review-banking-needs</p> <p><b>New page</b></p><div>''Insolvency - liquidation - claims.''<br /> <br /> The priority order of claims in an insolvency or liquidation.<br /> <br /> Broadly speaking, this priority order is:<br /> <br /> #Secured creditors<br /> #Preferential creditors<br /> #Fixed charge creditors<br /> #Floating charge creditors<br /> #Unsecured creditors<br /> #Connected unsecured creditors<br /> #Shareholders<br /> <br /> <br /> Sometimes abbreviated to ''waterfall''.<br /> <br /> <br /> Breaching this ordering is a ''preference'', that can be effectively reversed by an order of the court.<br /> <br /> <br /> :&lt;span style=&quot;color:#4B0082&quot;&gt;'''''Examine bank account arrangements'''''&lt;/span&gt;<br /> <br /> :&quot;Geoff O’Dea, a partner at law firm Goodwin Procter... strongly recommends examining bank account arrangements, especially when you have more than one account at a single bank. <br /> <br /> :'A lot of them will have covenants in their loan agreements that require you to bank with the institution. <br /> <br /> :That was one of the issues with SVB with its clients amongst the VC, tech and life sciences community,' he says.<br /> <br /> 'For smaller companies, you might fit within the preferential rung in the insolvency waterfall, but if you're a large company, you’ll be an unsecured creditor for amounts above the [FSCS] £85,000 guarantee – so that's why you would need to examine that,' he says.&quot;<br /> <br /> :''The Treasurer online - Risk Management &amp; Strategy - Lawrie Holmes - 14 April 2023.''<br /> <br /> <br /> == See also ==<br /> * [[Covenant]]<br /> * [[Creditors]]<br /> * [[Financial Services Compensation Scheme]] (FSCS)<br /> * [[Fixed charge]]<br /> * [[Floating charge]]<br /> * [[Insolvency ]]<br /> * [[Junior debt]]<br /> * [[Life sciences]]<br /> * [[Liquidation]]<br /> * [[Preference]]<br /> * [[Preferential]]<br /> * [[Preferential creditor]]<br /> * [[Secured creditor]]<br /> * [[Security]]<br /> * [[Senior debt]]<br /> * [[Seniority]]<br /> * [[Silicon Valley Bank]] (SVB)<br /> * [[Subordinated debt]]<br /> * [[Tech]]<br /> * [[Unsecured debt]]<br /> * [[Venture capital]] (VC)<br /> * [[Waterfall]]<br /> * [[Waterfall methodology]]<br /> <br /> [[Category:Accounting,_tax_and_regulation]]<br /> [[Category:The_business_context]]<br /> [[Category:Corporate_finance]]<br /> [[Category:Investment]]<br /> [[Category:Long_term_funding]]<br /> [[Category:Identify_and_assess_risks]]<br /> [[Category:Manage_risks]]<br /> [[Category:Risk_frameworks]]<br /> [[Category:Risk_reporting]]<br /> [[Category:Cash_management]]<br /> [[Category:Financial_products_and_markets]]<br /> [[Category:Liquidity_management]]</div>

imported>Doug Williamson