London Approach and M: Difference between pages

Revision as of 10:52, 7 June 2013

1. Credit rating. A suffix added to a credit rating to indicate that it applies to a money market fund (rather than to any other type of entity).

So for example "AAAm" would indicate a rating of AAA in relation to a money market fund.

2. One million (1,000,000).

For example EUR 100m = EUR 100,000,000.

Sometimes written "M".

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-A non-statutory, informal framework introduced with the support of the Bank of England in  1970 for dealing with financially distressed companies.
+. '' Credit rating. ''
+A suffix added to a credit rating to indicate that it applies to a money market fund (rather than to any other type of entity).
-The London Approach covers temporary support operations mounted by banks and other lenders for a company or group in financial difficulties, pending its possible restructuring.
+So for example "AAAm" would indicate a rating of AAA in relation to a money market fund.
+.
+One million (1,000,000).
-Applicable only to firms which are financially distressed but which could have a viable future.
+For example EUR 100m = EUR 100,000,000.
+Sometimes written "M".
-== See also ==
+==See also==
-* [[Insolvency]]
+* [[AAA]]
+* [[Billion]]
+* [[bn]]
-== References ==
+* [[k]]
-. http://www.bba.org.uk/policy/article/london-approach/fx-and-money-markets-policy/
+* [[mf]]
+* [[Money market fund]]
-. [[File:http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/qb940208.pdf]]