Ethics and Offset: Difference between pages

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== Definitions of ethics ==
#Ability to set assets against liabilities in multiple bank accounts.  Also used in netting transactions.
#Moral principles.
#More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. Most commonly, when the asset and liability are with the same counterparty.
#Principles which govern the conduct of any individual or corporate member of a professional organisation.
 
 
== Characteristics of ethical issues ==
The Institute of Business Ethics (IBE) identifies the following characteristics, to help to determine whether a business issue is an ethical issue.  
 
If one or more of these characteristics is present, it is likely to be an ethical issue:
 
* One individual's 'right' decision about the issue may not be the same as another's 'right' decision.
 
The issue:
* raises moral questions
* is not covered by law
* compromises personal or organisational values
* is against any code of ethics or code of practice
* involves personal duties and responsibilities or
* provokes the responses 'should I?' or 'ought I?'
 
 
 
== Tests of ethical behaviour ==
The IBE has identified a number of key tests to help to determine whether a course of action, or inaction, is ethical:
 
* Is the action legal, transparent and fair?
* Who will it affect?
* Who benefits?




== See also ==
== See also ==
* [[ACT Competency Framework]]
* [[Assets]]
* [[ACT Ethical Code]]
* [[Counterparty]]
* [[Actuarial standards]]
* [[Liabilities]]
* [[Agency risk]]
* [[Netting]]
* [[Asymmetry of information]]
* [[Open interest]]
* [[Business ethics]]
* [[Code of practice]]
* [[Corporate governance]]
* [[Corporate social responsibility]]
* [[Ethical business]]
* [[Ethics washing]]
* [[IESBA]]
* [[Institute of Business Ethics]]
* [[Objectivity]]
* [[Professional behaviour]]
* [[Standards]]
* [[The Code]]
* [[Transparent]]
 
 
==Other links==
[http://www.treasurers.org/node/9783 Does ethics matter? The Treasurer 2010]
 
[[Category:Self_management_and_accountability]]
[[Category:Ethics]]

Revision as of 13:40, 6 May 2016

  1. Ability to set assets against liabilities in multiple bank accounts. Also used in netting transactions.
  2. More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset. Most commonly, when the asset and liability are with the same counterparty.


See also