product_feature: bordier:mgmt_mandate:pf:retro_waiver
This data as json
| id | product_id | feature_key | feature_value | note | source_page |
|---|---|---|---|---|---|
| bordier:mgmt_mandate:pf:retro_waiver | bordier:mgmt_mandate | pricing_condition | Vischer-2012 retrocession waiver — concrete +20bps | Per Swiss Federal Court 4A_127/2012 (Vischer ruling), retrocessions belong to the client unless waived. Bordier prices the waiver explicitly: retain retros = standard schedule; waive retros = standard schedule + 0.20% (the +20bps is Bordier's estimate of the retro stream value). Atom #289. |