Liquidation and Payout: Difference between revisions
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imported>Doug Williamson (Align with Glossary.) |
imported>Doug Williamson m (Resolution of spacing 22/8/13) |
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(L&P). | |||
<i>Bank resolution.</i> | <i>Bank resolution.</i> | ||
A term used in the resolution of failed banks. | A term used in the resolution of failed banks. | ||
Liquidation and Payout is designed to give: | Liquidation and Payout is designed to give: | ||
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(3) Prompt distribution to creditors of any proceeds. | (3) Prompt distribution to creditors of any proceeds. | ||
Under Liquidation and Payout, ultimately the bank will be wound up. | Under Liquidation and Payout, ultimately the bank will be wound up. | ||
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== See also == | == See also == | ||
* [[Deposit Guarantee Scheme]] | * [[Deposit Guarantee Scheme]] | ||
* [[Key Attributes ]] | * [[Key Attributes ]] | ||
* [[Multiple Point of Entry]] | * [[Multiple Point of Entry]] | ||
* [[Purchase and Assumption]] | * [[Purchase and Assumption]] | ||
* [[Resolution]] | * [[Resolution]] | ||
Revision as of 11:16, 22 August 2013
(L&P).
Bank resolution.
A term used in the resolution of failed banks.
Liquidation and Payout is designed to give:
(1) Prompt payout to insured depositors covered by the Deposit Guarantee Scheme (DGS).
(2) Distribution to creditors, sale or abandonment of the assets of the failed bank.
(3) Prompt distribution to creditors of any proceeds.
Under Liquidation and Payout, ultimately the bank will be wound up.
