Liquidation and Payout: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Classify page.) |
||
| Line 21: | Line 21: | ||
* [[Purchase and Assumption]] | * [[Purchase and Assumption]] | ||
* [[Resolution]] | * [[Resolution]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 17:45, 1 July 2022
(L&P).
Bank resolution.
A term used in the resolution of failed banks.
Liquidation and Payout is designed to give:
- Prompt payout to insured depositors covered by the Deposit Guarantee Scheme (DGS).
- Distribution to creditors, sale or abandonment of the assets of the failed bank.
- Prompt distribution to creditors of any proceeds.
Under Liquidation and Payout, ultimately the bank will be wound up.
