PLAC

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Revision as of 11:27, 24 March 2014 by imported>John Grout (To cross refer to SLAC)
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Primary Loss Absorbing Capital.

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.


See also

  • SLAC - Secondary Loss Absorbing Capital
  • GCLAC also referred to as GLAC - gone-concern loss absorbing capital
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