Distinction between orderly exit and orderly failure

6.1 One respondent suggested further clarity on the terms 'orderly exit' and 'orderly failure', noting that they are not interchangeable due to the differing costs incurred by third parties. The respondent commented that exit via solvent wind down contributes to financial stability by avoiding any appearance of crisis and lack of confidence. They also asserted that the avoidance of the modified insolvency route protects public funds, but not Financial Services Compensation Scheme levy payers. As such, the orderly exit of firms with non-viable business models with no costs to third parties is preferable from a creditor's perspective. The respondent requested that the SS be edited in some places to make this clearer.