imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Securities''.
| | A relatively small, sometimes newer, retail bank which competes with larger, often older banks. |
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| A marketable longer-term debt instrument usually administered by a trustee.
| | Challenger banks would tend to service smaller corporate clients, if any, rather than larger ones. |
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| Bonds typically require the issuer to repay the amount borrowed plus interest over a designated period of time.
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| The current market yield on the bond is both the market rate of return to the debt investor and the pre-tax market cost to the issuer of debt capital.
| | In the UK, challenger banks include the following banks which wrote to the Competition and Markets Authority (CMA) in 2016 about the UK corporation tax bank surcharge and bank levy: |
| | | *Aldermore Bank |
| Issuers of bonds include a wide range of corporate and public sector entities, including central governments.
| | *Charter Savings Bank |
| | | *Close Brothers |
| | | *Hampden & Co. |
| 2. ''Trade finance''.
| | *Metro Bank |
| | | *One Savings Bank |
| In trade finance, an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract.
| | *Paragon Bank |
| | | *Secure Trust Bank |
| Such a bank bond or insurance company bond will be supported by an indemnity issued by the supplier in favour of the bank or insurance company.
| | *Shawbrook Bank |
| | | *Tesco Bank |
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| 3. ''Risk management - guarantee.''
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| A guarantee provided by one party to another.
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| 4. ''Risk management - collateral.''
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| An amount of money provided as security for a guarantee.
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| == See also == | | == See also == |
| * [[Agent bank]] | | * [[Bank]] |
| * [[An introduction to debt securities]] | | * [[UK Bank Levy]] |
| * [[Bearer bond ]] | | * [[Big 4]] |
| * [[Bond futures]] | | * [[Central bank]] |
| * [[Bond issue]]
| | * [[Commercial banks]] |
| * [[Bond mandate]]
| | * [[Competition & Markets Authority]] |
| * [[Bonding]]
| | * [[Disruptor]] |
| * [[Bonding line]]
| | * [[DTLB]] |
| * [[Bulldog bond]]
| | * [[HSBC]] |
| * [[Callable bond]]
| | * [[ICB]] |
| * [[Catastrophe bond]]
| | * [[Independent Commission on Banking]] |
| * [[Clean price]]
| | * [[Retail]] |
| * [[CMO]]
| | * [[Ring fence]] |
| * [[Convertible bonds]]
| | * [[Shadow banking]] |
| * [[Corporate bond]]
| | * [[SME]] |
| * [[Cost of debt]]
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| * [[Counter-indemnity]]
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| * [[Coupon bond]]
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| * [[Covered bond]]
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| * [[Depositary]]
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| * [[Dirty price]]
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| * [[Drop-lock bond]]
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| * [[Eurobond]]
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| * [[Exchangeable bond]]
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| * [[Floating rate note]]
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| * [[Foreign bond]]
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| * [[Gilts]]
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| * [[Government paper]]
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| * [[Guarantee]]
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| * [[Indemnity]]
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| * [[Interest determination date]]
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| * [[Internal rate of return]]
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| * [[Investment-grade bond]]
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| * [[Jumbo]]
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| * [[My word is my bond]]
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| * [[Obligation]]
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| * [[On-demand bond]]
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| * [[Par bond]]
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| * [[Par yield]] | |
| * [[Paying agent]] | |
| * [[Performance bond]] | |
| * [[Redeemable bond]] | |
| * [[Retained bonds]] | |
| * [[Security]] | |
| * [[Shallow discount bond]] | |
| * [[Short term]] | |
| * [[Straight bond]] | |
| * [[Yield]] | |
| * [[Yield to maturity]] | |
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| [[Category:Long_term_funding]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Treasury_operations_infrastructure]]
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A relatively small, sometimes newer, retail bank which competes with larger, often older banks.
Challenger banks would tend to service smaller corporate clients, if any, rather than larger ones.
In the UK, challenger banks include the following banks which wrote to the Competition and Markets Authority (CMA) in 2016 about the UK corporation tax bank surcharge and bank levy:
- Aldermore Bank
- Charter Savings Bank
- Close Brothers
- Hampden & Co.
- Metro Bank
- One Savings Bank
- Paragon Bank
- Secure Trust Bank
- Shawbrook Bank
- Tesco Bank
See also
