The prediction of the resistance of plate edges to concentrated loads has been dealt with in numerous studies of a more or less empirical nature. The normal approach is to use two criteria for the resistance, one based on yielding and one based on instability. This study aims at a procedure that is harmonized with those normally used for describing other buckling problems. It has been carried out as part of the work with drafting Eurocode 3 Part 2 and the paper is intended as a background document for the suggested design rules.