SNRF stands for ""Safety Net Reserve Fund" and is a virtual account maintained by Eon Labs Ltd. to reserve a portion of the ATSR Fee to mitigate potential losses.
If the trading performance of theMSA breaches the WBUF key performance matrices that are pre-agreed by ATSR and Eon Labs Ltd., the fund in the SNRF will be used to absorb the impact of the losses from the last recorded ATH.
As long as the WBUF matrices are not breached, the ATSR Fee withheld in the SNRF will be disbursed to ATSR in the pre-agreed number ofITH or more formally called Settlement in arrears.
Given that only at Settlement can the SNRF be topped-up by ATSR Fee or debited to ATSR according to the arrears schedule, the projected ITH or the timing of each Settlement is dynamically determined by the combination of three (3) criteria:
In short, all three criteria must be met for a Settlement to take place.
As an ATSR, your skin in the game is not mandatory. However, at Settlement, you accrued ATSR Fee is only partially settled because the unsettled portion is withheld to the SNRF, which will be used to absorb the impact of all losses when any of the pre-agreed WBUF matrices is unsurpassed. The accumulated withholding in the SNRF will be paid in a pre-agreed period (i.e. 4–12 weeks for partners, 9–15 months for employees) in arrears as long as WBUF is surpassed.
Scenario. Feel free to copy this ‣ to your own Google Workplace to find out more about how SNRF is structured to balance the interests of ATSR and Eon Labs Ltd.. Also, check out the Fair Pay page for more info.