kaal:claim:2097160-009

Barclays's Contingent Capital Plan uses synthetic CoCos that simply lapse when the Group Core Tier 1 capital ratio falls below seven percent, rather than converting into equity.

Source quote, verbatim

Under Barclays's CCP, its "synthetic CoCos" simply lapse when the capital ratio falls below 7%.135

From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), V.A Precedent Barclays, p. 31
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when

Barclays Contingent Capital Plan as of the 2010 annual report

Classification

empiricalsupport: evidencedcontingent-capitalcorporate-governance

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