What FBOs are eligible?
An eligible FBO must request and receive Reserve Bank approval for a streamlined max cap and have unencumbered collateral pledged at all times to their Reserve Bank equal to or greater than the amount of the deductible. If the FBO meets the eligibility criteria for the streamlined max cap (FHC or SOSA-1 rating and a self-assessed net debit cap), but had its max cap approved under the general procedure (for example, an eligible FBO with an existing max cap or a max cap above the amount allowed under the streamlined procedure), it is also eligible for the interim deductible, provided it has pledged the required collateral.
