Ring fence: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand first definition. Source: The Treasurer, November 2015, p49.) |
imported>Doug Williamson m (Conform to house style) |
||
| Line 18: | Line 18: | ||
==See also== | ==See also== | ||
[[Hypothecation]] | * [[Hypothecation]] | ||
Revision as of 10:29, 12 November 2015
1.
To legally separate particular assets or liabilities within a company or other organisation.
For example, to shield particular assets from the claims of the creditors of the non-ring fenced part of the entity.
In the banking context, a 'ring fence' is the separation of some aspects of commercial banking (mostly retail) into a separate entity to reduce the probability of failure.
2.
The legal barrier created for this purpose.
Sometimes written "ringfence".
See also
