Contents Management report Corporate governance Consolidated financial statements Financial statements
33
If write-down, write-down
triggers(s)
If write-down, full or partial
If write-down, permanent or
temporary
If temporary write-down,
description of write-up
mechanism
Position in subordinated
hierarchy in liquidation
(specify instrument type
immediately senior to
instrument)
Non-compliant transitioned
features
If yes, specify non-compliant
features
Partially discretionary
Yes
Noncumulative
Non-convertible
Partially discretionary:
Required if the issuer makes
payments on junior/pari
passu securities or redeems,
repurchases or otherwise
acquires junior securities in
the 12 months preceding the
relevant Interest Payment
Date, unless it is prohibited.
Interest is prohibited if the
relevant Solvency Rules
prohibit payments on junior
or pari passu securities. All
other interest is payable at
the Issuer's discretion, but
subject to dividend pusher
(for junior and pari passu
instruments).
Interest will be payable
at the sole discretion of
the issuer, except when
payments on instruments
exceed Distributable items,
to the extent that applicable
Solvency rules prohibit
making payments or, if an
Interest Cancellation Event
has occured or could occur
in the three following years
such Interest Payment Date.
Dividend Stopper for is not
distribution is paid on this
instrument.
Partially discretionary
Yes
Noncumulative
Non-convertible
Full discretion to cancel
interest payments. Any
interest payment may not
exceed distributable items.
Partially discretionary
No
Noncumulative
Non-convertible
Partially
discretionary
No
Partially
discretionary
Yes
Noncumulative Noncumulative
Non-convertible Non-convertible
382 Rabobank Annual Report 2015