GCLAC and Payment float: Difference between pages

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''Bank resolution and recovery''
The time interval between the receipt of an invoice by the payor, including the credit period, and the time the payor’s bank account is charged for funds in payment of the invoice.


Gone Concern Loss Absorbing Capacity.
May also be quantified and expressed in cash amounts.
 
 
Usage in the field of bank recovery and resolution has taken time to develop. The acronym was sometimes just GLAC that is defined as 'Gone-Concern Loss Absorbing Capacity'.
 
GCLAC focused on the loss absorbing capacity of bail-in-able debt to replenish equity.
 
The [[FSB]], that had used 'GLAC' has now changed to the term [[Total Loss Absorbing Capacity]] (TLAC).




== See also ==
== See also ==
* [[Total Loss Absorbing Capacity]]
* [[Processing float]]
 
*[[Capital adequacy]]
 
*[[Loss absorbing capacity]]
 
*[[Primary Loss Absorbing Capital]]  (PLAC)
*[[Recovery]]
*[[Resolution]]
 
*[[SLAC]]
 
*[[MREL]]
 
*[[Gone concern]]
 
*[[Bailin]]
 
[[Category:Compliance_and_audit]]
[[Category:Risk_frameworks]]

Revision as of 13:57, 21 August 2013

The time interval between the receipt of an invoice by the payor, including the credit period, and the time the payor’s bank account is charged for funds in payment of the invoice.

May also be quantified and expressed in cash amounts.


See also