This looks sensible.
I agree with changing the way the debt ratio is calculated, but I don't understand whether it would create more volatility in the figure we end up with and an increase in the risk of a haircut. Knowing this could impact my view on how much I'm comfortable having in HBD savings !
Although it's off-topic for this proposal, something I'd love to see is DHF funding for proposals split into two distinct categories;
- Core coding & stability, pretty much done as now
- Marketing, front-ends and apps, which should require a business plan identifying objective criteria for success and a method & timescale for the funding to be returned to the DHF. For marketing this might be in the form of measurable projections of investment from new Hivers (i.e. inward capital investment), for other projects it might be that they are delivering a chargeable service, or ask for delegations and part of the earnings from those delegations are passed back to the DHF.