Its a backstop and a cash siphoning machine all in one.
The purpose of the SPS was to "compensate taxpayers". The periodic commitment fee from the SPS were meant to compensate taxpayers. That is also what treasury and the past/present administration are mulling over right now.
IMO, the SPS will be exchanged or transformed into a permanent periodic commitment fee. They are leaning towards an explicit guarantee. Historically it has been an implicit one... but tax payers were not being "compensated" for an implicit one. Sentiment is to not return to the previous state.
I thought the SPS was a back-stop in case F&F faulted - not a cash machine to be used to siphon more of the profits when Govt decided to hurt Shareholders and Enterprises more.
Market Data 
Markets 
AI
