Coronavirus Job Retention Scheme and Credit break: Difference between pages

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imported>Doug Williamson
(Update changes to scheme and closure date. Source: https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme)
 
imported>Doug Williamson
(Add link.)
 
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''COVID-19 - business continuity - UK.''
A credit break is a break clause in a derivatives contract which provides for the release of one or both of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties.


(CJRS).


Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.
== See also ==
* [[Break clause]]
* [[Credit]]
* [[Creditworthiness]]
* [[Derivative instrument]]
* [[Mutual break]]


The UK's HMRC (Her Majesty's Revenue & Customs) will reimburse a percentage of relevant workers' wage costs, up to a cap of £2,500 per month.
[[Category:Manage_risks]]
 
[[Category:Risk_frameworks]]
The scheme is due to close on 31 October 2020.
[[Category:Treasury_operations_infrastructure]]
 
 
==See also==
*[[British Business Bank]]
*[[Business continuity plan]]
*[[Contingency plan]]
*[[COPD]]
*[[Coronavirus]]
*[[Coronavirus Business Interruption Loan Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Furlough]]
*[[Her Majesty’s Revenue & Customs]]
*[[Liquidity management]]
*[[WFH]]
 
 
==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]
 
[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]
 
[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
 
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]

Latest revision as of 11:57, 6 July 2022

A credit break is a break clause in a derivatives contract which provides for the release of one or both of the parties from further obligations under the contract, following a deterioration in the creditworthiness of one of the parties.


See also