Guidance and Notional pooling: Difference between pages

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imported>Doug Williamson
(Classify page.)
 
imported>Doug Williamson
(Linked to The Treasurers Handbook - Legal implications of cash pooling structures)
 
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''Pensions.''  
''Banking''


A document issued by the UK Pensions Regulator in addition to a Code of Practice, but of less weight, where there is a need to explain:
The technique used by banks for calculating interest on balances in a notional cash pool.


#what the law requires;
Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.  
#the responsibilities of particular groups and how they can meet those responsibilities;
 
#changes to the law; and
Notional pooling is also referred to as interest offset pooling.
#the Pension Regulator’s approach on a particular matter.  
It is not a statement of law and, unlike Codes of Practice, courts and tribunals will not take it into account.




== See also ==
== See also ==
* [[Code of practice]]
* [[Cash pool]]
* [[Pensions Regulator]]
* [[CertICM]]
* [[Cross-guarantees]]
* [[Interest rate enhancement]]
* [[Legal implications of cash pooling structures]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Long_term_funding]]
[[Category:The_business_context]]
[[Category:Cash_management]]

Revision as of 11:05, 1 December 2014

Banking.

The technique used by banks for calculating interest on balances in a notional cash pool.

Excess funds in the accounts of a company or its subsidiaries are used to offset deficits in other company accounts for the purpose of determining interest earned or owed.

Notional pooling is also referred to as interest offset pooling.


See also