Near cash - Revision history

imported>Doug Williamson: Layout.

2019-07-19T11:56:55Z

Layout.

← Older revision		Revision as of 11:56, 19 July 2019
Line 4:		Line 4:

	Money, deposits or investments which, in each case, fall within any of the following:		Money, deposits or investments which, in each case, fall within any of the following:


	:(a) money which is deposited with an eligible institution or an approved bank in:		:(a) money which is deposited with an eligible institution or an approved bank in:

imported>Doug Williamson: Remove surplus detail.

2019-07-19T11:56:42Z

Remove surplus detail.

← Older revision		Revision as of 11:56, 19 July 2019
Line 5:		Line 5:
	Money, deposits or investments which, in each case, fall within any of the following:		Money, deposits or investments which, in each case, fall within any of the following:

	(a) money which is deposited with an eligible institution or an approved bank in:		:(a) money which is deposited with an eligible institution or an approved bank in:

	(i) a current account; or		::(i) a current account; or
	(ii) a deposit account, if the money can be withdrawn immediately and without payment of a penalty exceeding seven days' interest calculated at ordinary commercial rates;		::(ii) a deposit account, if the money can be withdrawn immediately and without payment of a penalty exceeding seven days' interest calculated at ordinary commercial rates;

	~~(b) certificates of deposit issued by an eligible institution or an approved bank if immediately redeemable at the option of the holder;~~

	(c) ~~government and public securities,~~ if redeemable at the option of the holder ~~or bound to be redeemed within two years~~;		:(b) certificates of deposit issued by an eligible institution or an approved bank if immediately redeemable at the option of the holder;

	~~(d) bills of exchange which are government and public securities;~~

	(e) deposits with a local authority ~~of a kind which fall within paragraph 9 of Part II of the First Schedule to the Trustee Investments Act 1961~~, and equivalent deposits with any local authority in another EEA State, if the money can be withdrawn immediately and without payment of a penalty as described in (a).		:(c) government and public securities, if redeemable at the option of the holder or bound to be redeemed within two years;


			:(d) bills of exchange which are government and public securities;


			:(e) eligible deposits with a UK local authority, and equivalent deposits with any local authority in another EEA State, if the money can be withdrawn immediately and without payment of a penalty, as described in (a).


Line 27:		Line 31:
	*[[Cash]]		*[[Cash]]
	*[[Cash equivalents]]		*[[Cash equivalents]]
			*[[Certificate of deposit]]
			*[[Current account]]
			*[[Deposit account]]
	*[[Dry powder]]		*[[Dry powder]]
			*[[EEA]]
	*[[Financial Conduct Authority]]		*[[Financial Conduct Authority]]
	*[[Liquidity]]		*[[Liquidity]]
	*[[~~Money market]]~~		*[[Security]]
	*[[Statement of financial position]]
	*[[Treasury bills]]		*[[Treasury bills]]

imported>Doug Williamson: Link with Dry powder page.

2019-07-19T10:38:27Z

Link with Dry powder page.

← Older revision		Revision as of 10:38, 19 July 2019
Line 27:		Line 27:
	*[[Cash]]		*[[Cash]]
	*[[Cash equivalents]]		*[[Cash equivalents]]
			*[[Dry powder]]
	*[[Financial Conduct Authority]]		*[[Financial Conduct Authority]]
	*[[Liquidity]]		*[[Liquidity]]

imported>Doug Williamson: Create page. Source: FCA webpage https://www.handbook.fca.org.uk/handbook/glossary/G749.html

2019-07-19T10:32:34Z

Create page. Source: FCA webpage https://www.handbook.fca.org.uk/handbook/glossary/G749.html

New page

1. ''UK - Financial Conduct Authority (FCA)''.

The FCA defines near cash as:

Money, deposits or investments which, in each case, fall within any of the following:

(a) money which is deposited with an eligible institution or an approved bank in:

(i) a current account; or
(ii) a deposit account, if the money can be withdrawn immediately and without payment of a penalty exceeding seven days' interest calculated at ordinary commercial rates;

(b) certificates of deposit issued by an eligible institution or an approved bank if immediately redeemable at the option of the holder;

(c) government and public securities, if redeemable at the option of the holder or bound to be redeemed within two years;

(d) bills of exchange which are government and public securities;

(e) deposits with a local authority of a kind which fall within paragraph 9 of Part II of the First Schedule to the Trustee Investments Act 1961, and equivalent deposits with any local authority in another EEA State, if the money can be withdrawn immediately and without payment of a penalty as described in (a).

2.

Outside the FCA context, the term 'near cash' is also used more broadly, and may include fewer, or more, assets than those defined strictly above.

==See also==
*[[Cash]]
*[[Cash equivalents]]
*[[Financial Conduct Authority]]
*[[Liquidity]]
*[[Money market]]
*[[Statement of financial position]]
*[[Treasury bills]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Cash_management]]