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A levy on both positive and negative Baby Hour balances goes into the Pool.

To the extent that there are no default events, the Pool is available for distribution to members, which results in a distribution from those with above average use of the Baby Pool mutual member guarantee to those with below average use.

The key default event is that someone leaves the pool leaving a negative balance behind. The resulting loss would be met by the Pool, thereby reducing the distribution to members, and if the Pool is inadequate to cover the loss then the event would require an additional levy on member balances as well.

Also, if a member fails to perform -eg cops out at the last minute, then another member could fill in, and be credited - in addition to the usual Baby Hours - with additional bonus Baby Hours which would be debited to the other member's account as a penalty.

There would probably need to be limits on balances as well. A Baby Pool operator would manage the agreed Pool policies, and could be credited with Baby Hours in return, from the Pool.

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Mon Nov 16th, 2009 at 08:20:30 AM EST
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