The phrase "a backstop facility" is correct and usable in written English.
It can be used in contexts related to finance, insurance, or risk management, where it refers to a support mechanism or safety net.
Example: "The company established a backstop facility to ensure liquidity during economic downturns."
Alternatives: "safety net" or "support mechanism".
Goldman, for example, secured a backstop facility of at least $1 billion from Sumitomo Mitsui when it bought a stake in the Japanese bank in 2003.
Specifically the Brussels summit needed to accept the inevitability of fiscal transfers; trigger their precautionary facility, including for Italy and Spain; and, at a minimum, expand the European stability fund, underpinning it with a backstop facility far bigger than its current size.
A second, aimed at the Argentina problem, is to set up a devaluation backstop facility that will pay out in the event of a sudden collapse in the exchange rate.
Officials attending the meeting are expected to agree to create a permanent backstop facility for the euro after 2013, when the current mechanism expires, without requiring authorizing votes in member countries.
The funding needs of Italy, Ireland, Greece, Portugal, Spain and Belgium just to 2014 could be around four or five times as much as the current €450m backstop facility.
"Are these backstop facilities sustainable?" Mr. Engels wrote.
"Countrywide had previously established committed bank backstop facilities for the rainy day when liquidity is stressed, and the last couple weeks probably fall under the 'when it rains it pours' category," wrote David Hendler, an analyst at CreditSights.
And EDF will provide Constellation with a $600 million "interim backstop liquidity facility," they said.
The committee is expected to vote on thighlightsxt week.
The rules require companies to trade most derivatives contracts through regulated exchanges — or a new creation known as a swap execution facility – and force most derivatives deals to go through clearinghouses, which act as a backstop in case one trading party defaults.
"It provides a backstop".
