Socium: Difference between revisions
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imported>Doug Williamson (Create page - source - BIS quarterly review Dec 2021 pp92-93.) |
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Latest revision as of 04:13, 31 December 2021
Sustainability - sustainable finance - pricing - social bonds.
Socium is a compound of "social premium".
In this context, socium means the saving an issuer can enjoy on its cost of borrowing, because it is issuing a social bond - or other social instrument - rather than a conventional instrument.
The socium is the amount by which the yield on the social instrument is lower, compared with the conventional instrument.