Liquidation and Payout: Difference between revisions
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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. | ||
Revision as of 21:18, 21 June 2015
(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.
