NIPS Code and Note: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Note successor codes.)
 
imported>Doug Williamson
(Clarify that the slots are not owned by the airline. Source: The Treasurer, February 2017, p25.)
 
Line 1: Line 1:
''UK''
1.


The former Non-Investment Products Code.
Promissory note.


The NIPS code has now been superseded.


The successor codes are the FX Global Code and the UK Money Markets Code.  
2.


The former NIPS code covered standards, [[controls]] and dealing [[mandate]]s in the UK's wholesale financial markets.
Secured loan note.


Its scope included wholesale markets in:
*Sterling wholesale deposits;
*Foreign currency wholesale deposits;
*Gold and silver bullion wholesale deposits;
*Spot and forward foreign exchange; and
*Spot and forward gold and silver bullion.


<span style="color:#4B0082">'''''Virgin's loan notes secured on Heathrow landing slots'''''</span>


== See also==
:"Virgin Atlantic Airways secured an impressive £220m senior secured note transaction using the airline's [rights to use] take-off and landing slots at London Heathrow Airport. It is the first time in European air travel history that airport slots have been leveraged in this way."
* [[Code of practice]]
* [[Foreign exchange]]
* [[Forward]]
* [[FX Global Code]]
* [[Non-investment product]]
* [[UK Securities Lending, Repo and Money Markets Code]]
* [[Spot]]
* [[Wholesale]]


[[Category:Compliance_and_audit]]
:''The Treasurer magazine, February 2017 p25 - Deals of the Year - Bonds below £500m winner.''
 
 
3.
 
''Accounting''.
An additional detailed disclosure within a set of financial statements.
 
 
== See also ==
* [[Leverage]]
* [[Notes]]
* [[Promissory note]]
* [[Security]]
* [[Senior]]

Revision as of 20:21, 11 February 2017

1.

Promissory note.


2.

Secured loan note.


Virgin's loan notes secured on Heathrow landing slots

"Virgin Atlantic Airways secured an impressive £220m senior secured note transaction using the airline's [rights to use] take-off and landing slots at London Heathrow Airport. It is the first time in European air travel history that airport slots have been leveraged in this way."
The Treasurer magazine, February 2017 p25 - Deals of the Year - Bonds below £500m winner.


3.

Accounting.

An additional detailed disclosure within a set of financial statements.


See also