Restricted Payment Issue - Assets at MVA or AVA?

[AndyH]

I'm being lazy because I could not find this quickly.

If the AVA exceeds the MVA, can the AVA be used to determine if the 110% funding threshold is satisfied, or must the MVA be used?

I think you can use the AVA but am not sure. Anybody recall the answer off hand?

Thanks.

[Blinky the 3-eyed Fish]

What do you mean by the 110% threshold? There is the 80-120% corridor that can be reduced to say 90-110% as part of the asset valuation method, but I have a feeling you don't mean that.

I should have read your title. I see what you are talking about now, but I would have to look it up too and I am lazy.