What kind of non-cash payments count as RCAs?
As the name suggests, a readily convertible asset is one that can be easily exchanged for cash. Shares, other financial instruments and commodities (such as precious metals) that can be sold on investment exchanges are a good example. Other examples of RCAs include: • rights over debt (for example, if you assign a trade debt to an employee) • assets subject to a fiscal warehousing regime • any enhancements you make to the value of assets already owned by an employee (such as their life assurance policy) This list isn’t exhaustive. For more detail, see page 100 of the CWG2 publication mentioned above.
