Base prospectus and Central bank independence: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Create page. Sources: Linked pages.)
 
imported>Doug Williamson
(Create page. Sources: Linked pages.)
 
Line 1: Line 1:
''Securities - issuance - documentation.''
''Central banks - monetary policy.''


In the context of securities issuance, a “Base Prospectus” contains a menu of terms and conditions which will apply to an issue of securities in a rolling programme.
Central bank independence means that the central bank is able to make decisions about monetary policy free from undue influence from other bodies, in particular the central government.


When an issue is made from the programme, specific terms and conditions are selected for each issue by completing a shorter document known as “Final Terms”.  
The purpose is to reduce the degree of short-term political pressures on the decisions of the central bank.




The base prospectus (sometimes referred to as an offering circular or information memorandum) is updated annually to comply with the requirements of the relevant listing authority/stock exchange.
== See also ==
* [[Bank of England]]
* [[Banque de France]]
* [[Central bank]]
* [[European Central Bank]]  (ECB)
* [[Federal Reserve Bank]]
* [[Federal Reserve System]]
* [[Monetary authority]]
* [[Monetary Authority of Singapore]]
* [[Monetary policy]]




== See also ==
==External links==
* [[Documentation]]
*[https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op248~28bebb193a.en.pdf The case for central bank independence - ECB - 2020]
* [[Initial public offering]]
 
* [[Issuance]]
*[https://www.bankofengland.co.uk/-/media/boe/files/speech/2020/what-has-central-bank-independence-ever-done-for-us-speech-by-andy-haldane.pdf What has central bank independence ever done for us?  Andy Haldane, Chief Economist and Member of the Monetary Policy Committee, Bank of England]
* [[Listing]]
* [[Listing authority]]
* [[Listing particulars]]
* [[Offering memorandum]]
* [[Placing]]
* [[Private equity]]
* [[Private placement]]
* [[Prospectus Directive]]
* [[Security]]
* [[Stock exchange]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 00:41, 28 December 2021

Central banks - monetary policy.

Central bank independence means that the central bank is able to make decisions about monetary policy free from undue influence from other bodies, in particular the central government.

The purpose is to reduce the degree of short-term political pressures on the decisions of the central bank.


See also


External links

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Base_prospectus&oldid=9014’