Contingent item: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add definition. Source: Linked pages) |
imported>Doug Williamson (Layout.) |
||
| Line 1: | Line 1: | ||
1. ''Financial reporting.'' | 1. ''Financial reporting.'' | ||
In financial reporting a contingent item is a condition which exists at a reporting date where the outcome will be confirmed only on the occurrence or non-occurrence of one or more uncertain future events. | In financial reporting, a contingent item is a condition which exists at a reporting date where the outcome will be confirmed only on the occurrence or non-occurrence of one or more uncertain future events. | ||
2. ''Bank supervision - capital adequacy - Risk Weighted Assets - off balance sheet risk.'' | 2. ''Bank supervision - capital adequacy - Risk Weighted Assets - off balance sheet risk.'' | ||
In bank supervision | In bank supervision - and related Risk Weighted Assets calculations - a contingent item is a potential credit exposure of the supervised bank that may become an actual credit exposure. | ||
Examples include performance guarantees, also known as performance bonds. | Examples include performance guarantees, also known as performance bonds. | ||
Latest revision as of 22:17, 1 March 2023
1. Financial reporting.
In financial reporting, a contingent item is a condition which exists at a reporting date where the outcome will be confirmed only on the occurrence or non-occurrence of one or more uncertain future events.
2. Bank supervision - capital adequacy - Risk Weighted Assets - off balance sheet risk.
In bank supervision - and related Risk Weighted Assets calculations - a contingent item is a potential credit exposure of the supervised bank that may become an actual credit exposure.
Examples include performance guarantees, also known as performance bonds.
