imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Securities - debt''.
| | 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 generally 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, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank, Tesco Bank. |
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| Issuers of bonds include a wide range of corporate and public sector entities, including central governments.
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| 2. ''Trade finance - credit support''.
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| In trade finance, a bond is 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.
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| 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.
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| Examples include advance payment bonds, bid bonds, customs bonds, performance bonds and retention bonds.
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| In this context, the terms "bond" and "guarantee" are often used interchangeably.
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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 == |
| * [[Advance payment bond]] | | * [[Bank]] |
| * [[Agent bank]] | | * [[Big 4]] |
| * [[An introduction to debt securities]] | | * [[Central bank]] |
| * [[Bearer bond ]]
| | * [[Commercial banks]] |
| * [[Bid bond]]
| | * [[Competition & Markets Authority]] |
| * [[Bond futures]]
| | * [[Disruptor]] |
| * [[Bond issue]]
| | * [[DTLB]] |
| * [[Bond mandate]]
| | * [[HSBC]] |
| * [[Bonding]]
| | * [[ICB]] |
| * [[Bonding line]]
| | * [[Independent Commission on Banking]] |
| * [[Bulldog bond]]
| | * [[Retail]] |
| * [[Callable bond]]
| | * [[Ring fence]] |
| * [[Catastrophe bond]]
| | * [[Shadow banking]] |
| * [[Clean price]]
| | * [[SME]] |
| * [[CMO]] | |
| * [[Convertible bonds]] | |
| * [[Corporate bond]] | |
| * [[Cost of debt]] | |
| * [[Counter-indemnity]] | |
| * [[Coupon bond]] | |
| * [[Covered bond]] | |
| * [[Customs bond]] | |
| * [[Depositary]] | |
| * [[Dirty price]] | |
| * [[Drop-lock bond]] | |
| * [[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]]
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| * [[Paying agent]]
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| * [[Performance bond]]
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| * [[Redeemable bond]]
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| * [[Retained bonds]]
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| * [[Retention bond]]
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| * [[Security]]
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| * [[Shallow discount bond]]
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| * [[Short term]]
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| * [[Standby letter of credit]]
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| * [[Straight bond]]
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| * [[Surety bond]]
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| * [[Tender bond]]
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| * [[Yield]]
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| * [[Yield to maturity]]
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| [[Category:The_business_context]]
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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 generally tend to service smaller corporate clients, if any, rather than larger ones.
In the UK, challenger banks include, among others: Aldermore Bank, Charter Savings Bank, Close Brothers, Hampden & Co., Metro Bank, One Savings Bank, Paragon Bank, Sainsbury's Bank, Secure Trust Bank, Shawbrook Bank, Tesco Bank.
See also
