Presumably the setting of bonuses is the taking of operational control?

The government says that it has set limits for RBS bonuses.  I opposed this, of course, but wish to note something different on this occasion.  Presumably the setting of bonuses is the taking of operational control?  So presumably that will trigger payout on various RBS credit derivatives?  Do those that will be obliged to make these payments have sufficiently robust balance sheets and sufficient cash to do this?  Is the government prepared for what might happen next?