How might customers be affected by the wind-down? For instance, how many existing customers will the firm have to deal with if it is winding down now? How will the firm close transactions with these remaining customers and will customers be diligent in responding to the firm’s notices and ending their business relationship?
Does the firm need to execute risk-reducing trades and, if so, will it continue to have access to the right market counterparties to do so?
How will employees, trade suppliers, counterparties or other third parties be affected?
What are the potential tax implications of winding down?
Take the view that if a firm is insolvent the administrator will ultimately allocate the assets according to priority.
Status: You are viewing the version of the handbook as on 2018-01-03.