Fim Costs 0.8% Pa

摘要

Network Rail's original intention was to incrementally phase in borrowing without a government indemnity over the five years of Control Period 4 (p1), with all new debt to be raised on an unsupported basis from the start of CP5.rnORR believed that the need to maintain a solid investment grade credit rating in order to raise unsupported debt in the open market would 'improve the financial disciplines bearing on the company'. To discourage the use of the Financial Indemnity Mechanism, ORR introduced a requirement for NR to pay a fee to government of 0.8% per annum for debt supported by FIM.