Deficit and Legal entity identifier: Difference between pages

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1. ''Pensions accounting.'' 
(LEI).


The excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding.   
Legal Entity Identifier is a unique identity reference number allocated to a company in accordance with an internationally agreed standard administered by the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).   




'''Example'''
The ROC is a stand-alone committee established by the international Financial Stability Board (FSB) and endorsed by the Group of 20 (G-20) nations. 


Pension liabilities = 100.  
It held its inaugural meeting in January 2013.


Pension assets = 90.  
The ROC in turn has authorised Local Operating Units (LOU) which generate and issue the LEIs.


The deficit would be:


100 - 90
== See also ==
* [[EMIR]]
* [[Financial Stability Board]]
* [[LEI ROC]]


= 10. 


(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
===Other links===
[http://www.treasurers.org/node/10043 Technical Briefing, The Treasurer, April 2014]


 
[http://www.leiroc.org/ LEI ROC website]
2. More generally, any financial shortfall.
 
 
== See also ==
* [[Amortisation]]
* [[Fiscal deficit]]
* [[FRS 17]]
* [[Funding level]]
* [[Multicurrency cross-border pooling]]
* [[Multicurrency one-country pooling]]
* [[Surplus]]

Revision as of 15:26, 22 November 2016

(LEI).

Legal Entity Identifier is a unique identity reference number allocated to a company in accordance with an internationally agreed standard administered by the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier System (GLEIS).


The ROC is a stand-alone committee established by the international Financial Stability Board (FSB) and endorsed by the Group of 20 (G-20) nations.

It held its inaugural meeting in January 2013.

The ROC in turn has authorised Local Operating Units (LOU) which generate and issue the LEIs.


See also


Other links

Technical Briefing, The Treasurer, April 2014

LEI ROC website