Maintenance of Funds and Passport Q

[jradic]

Hey all, would someone please elaborate on part bold below. Does this mean if I have access to a line of credit, it contributes to this maintenance balance?

199.

The evidence of maintenance must
be of cash funds in the bank (this includes
savings accounts and current accounts even
when notice must be given), loan or official
financial or government sponsorship available
to the applicant. Other accounts or inancial
instruments such as shares, bonds, pension
funds etc, regardless of notice period, are not
acceptable

Also, based on the posts I've read, the Tier 1 visa - general is valid for 3 years. My current passport (Canadian) is valid until August 2012. Should I apply for a new passport in order to have my passport expiry later than the visa expiry? Will they just give it up to my passport expiry or will they simply reject it?

Thanks

[vks]

Hey all, would someone please elaborate on part bold below. Does this mean if I have access to a line of credit, it contributes to this maintenance balance? Yes, if it is as per HO guidance

199.

The evidence of maintenance must
be of cash funds in the bank (this includes
savings accounts and current accounts even
when notice must be given), loan or official
financial or government sponsorship available
to the applicant. Other accounts or inancial
instruments such as shares, bonds, pension
funds etc, regardless of notice period, are not
acceptable

Also, based on the posts I've read, the Tier 1 visa - general is valid for 3 years. My current passport (Canadian) is valid until August 2012. Should I apply for a new passport in order to have my passport expiry later than the visa expiry? Will they just give it up to my passport expiry or will they simply reject it?Tier 1 general will be for 3 years and there is no relationship between your passport expiry. Later when you renew your passport, you may apply for moving the Visa to your new passport or carry both the old and new passports with you, while travelling.

Thanks