Liquidation and Payout: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Spacing.) |
imported>Doug Williamson (Layout.) |
||
| Line 7: | Line 7: | ||
Liquidation and Payout is designed to give: | 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. | |||
Revision as of 13:54, 11 May 2016
(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.
