Offset: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Layout.) |
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1. | 1. | ||
Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions. | Ability to set assets against liabilities in multiple bank accounts. | ||
Also used in netting transactions. | |||
2. | 2. | ||
More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. Most commonly, when the asset and liability are with the same counterparty. | More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. | ||
Most commonly, when the asset and liability are with the same counterparty. | |||
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* [[Assets]] | * [[Assets]] | ||
* [[Counterparty]] | * [[Counterparty]] | ||
* [[Interest offset pooling]] | |||
* [[Liabilities]] | * [[Liabilities]] | ||
* [[Netting]] | * [[Netting]] | ||
* [[Open interest]] | * [[Open interest]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 12:52, 25 December 2019
1.
Ability to set assets against liabilities in multiple bank accounts.
Also used in netting transactions.
2.
More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.
Most commonly, when the asset and liability are with the same counterparty.
