They dont seem to mention that BNBG Holders can request payment...

They dont seem to mention that BNBG Holders can request payment and if BNB can't make it then we enact the guarantee from BBIPL and if they can't pay it then we put it into administration, then we rank behind the banks.

As far as i am concerned the interview seems to gloss over that (not that i am surprised, Larkin is the banks cabin boy) and I would think the banks dont want BBIPL in administration, but BNBG Holders could make that happen therefore they need to cut a deal.

Any differing views out there?