PLAC and Presentation currency: Difference between pages

Latest revision as of 07:07, 2 July 2022

The currency in which financial statements are presented.

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-Primary Loss Absorbing Capital.
+The currency in which financial statements are presented.
-Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt.
+==See also==
+* [[Functional currency]]
-== See also ==
+[[Category:Accounting,_tax_and_regulation]]
-*[[Capital adequacy]]
-*[[SLAC]] - Secondary Loss Absorbing Capital
-*[[GCLAC]] also referred to as GLAC - gone-concern loss absorbing capital
-[[Category:Regulation_and_Law]]
-[[Category:Managing_Risk]]