45. All projects should refer to the OGC Guidance Note on Calculation of the Authority's Share of a Refinancing Gain (see link below) - this guidance sets out the methodology for calculating gains and payment of the MoD's share.
http://www.hm-treasury.gov.uk/media/6/B/pfi_refinancingguidance21307.pdf
46. All projects should also refer to the HM Treasury Application Note - Value for Money in Refinancing (see link below) issued in February 2005. This document contains guidance on key issues associated with the value for money of refinancings. Including the requirement for "no increase in termination liabilities" scenario against which value for money will be assessed.
http://www.hm-treasury.gov.uk/media/5/2/application_note_value_for_money_280205.pdf