PLAC

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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. It includes both equity and bail-in-able long-term debt.


The great majority of bank capital in future must be PLAC, in contrast with Secondary Loss Absorbing Capital (SLAC).


See also

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