All acaedemic now but I think 2060 or something like it was the life of the BEPPA but a "reset" option (or whatever the right word is) was in 2012.
Agree that BEPPA always stood well above BBI in terms of being paid if it all turned to muck - that is where "preference" in EPS comes from.
hold BEPPAS,
Ann: Revisions to AET and D Option Structure , page-79
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