Its role is to provide a limited cushion against fluctuations of the rates.
He opted for a middle road that would at least provide a cushion.
The funds, he said, are enough to cover operating deficits and provide a small cushion.
Higher capital levels provide a cushion for banks in rough times.
The money, the other producers say, will help increase the show's advertising budget and provide a financial cushion early in the run.
"It provides a very good cushion for them," he said.
To provide a cushion, it has a plan to cut use by 5,200 megawatts.
The big cash balances provide a cushion for these companies, he said.
China's foreign exchange reserves do not provide a comfortable cushion.
North Sea oil revenue continues to provide an economic cushion.