Netting by novation and Panel: Difference between pages

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Netting by novation agreements allow for individual forward-value contractual commitments, such as foreign exchange contracts, to be discharged upon confirmation and replaced by new obligations, all of which form part of a single agreement.  
1.  ''Interest rates - reference rates - benchmark interest rates.''
   
 
Amounts due under a discharged contract will be added to running balances due between the parties, in each currency and at each future value date.
In the context of benchmark interest calculations, a group of prime banks that provide contributions of interest rates for the calculation of a benchmark rate.
 
For example, EURIBOR.
 
 
2. ''Tender panels - banks.''
 
Abbreviation for a tender panel of banks.
 
 
3.  ''Other panels.''
 
Any group of qualified and knowledgeable individuals, or representatives of organisations, brought together to pool expertise and develop policies, or to provide rulings or other guidance on complex matters of judgement.
 


== See also ==
== See also ==
* [[Netting]]
* [[Benchmark]]
* [[Novation]]
* [[EURIBOR]]
   
* [[Euro Overnight Index Average]]
* [[Financial Conduct Authority]]  (FCA)
* [[Fraud Advisory Panel]]
* [[Intergovernmental Panel on Climate Change]] (IPCC)
* [[Panel bank]]
* [[Synthetic LIBOR]]
* [[Takeover Panel]]
* [[Tender panel]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

Revision as of 21:32, 14 April 2022

1. Interest rates - reference rates - benchmark interest rates.

In the context of benchmark interest calculations, a group of prime banks that provide contributions of interest rates for the calculation of a benchmark rate.

For example, EURIBOR.


2. Tender panels - banks.

Abbreviation for a tender panel of banks.


3. Other panels.

Any group of qualified and knowledgeable individuals, or representatives of organisations, brought together to pool expertise and develop policies, or to provide rulings or other guidance on complex matters of judgement.


See also