The important thing here is that the advance payment on the second year is calculated from the settlement payment for the first year.

FORBES: The Laffer Curve Appears in the UK

As the owner of the News of the World prepares to compensate people over the phone hacking scandal, a key question now is how the settlement sums will be calculated.

BBC: How News of the World will decide hacking pay-out sums

The CFTC settlement says Barclays had "no internal procedures and controls" determining how the Libor rates were calculated.

BBC: Inconvenient truths about Libor