Corkscrew and Trust deed: Difference between pages

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imported>Doug Williamson
(Add example.)
 
imported>Doug Williamson
(Added additional definition. source: https://www.dasscotland.gov.uk/about/different-ways-deal-debt/what-trust-deed)
 
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A structure for accounting and for the financial modelling of balances.
1.  


The closing balance is calculated from the opening balance, plus or minus the net inflow or outflow for the period.
''Law and pensions''.
A legal document, drawn up in the form of a deed, which establishes or regulates a trust.


The closing balance figure in turn provides the opening balance for the next period.  
In relation to pensions, trust deeds  constituting pension trusts can vary very widely in their form and content.




For example:
2.


Last year’s closing balance (2020) on the balance sheet = This year’s opening balance (2021)
A similar legal document in a bond issue.  Also known as the Bond indenture.


+/-  This year’s flow (in or out in 2021) = This year’s closing balance (2021) on the balance sheet


3.


 
In Scotland, a formal, legally binding document that transfers part or all of a debtors assets to a trustee to manage for the benefit of the creditors. This is a private arrangement between a debtor and creditors.  
The movement of the developing balance follows a sawtooth or 'corkscrew' path.
 
Hence the name 'corkscrew' for this structure.
 




== See also ==
== See also ==
* [[Accounting]]
* [[Bond indenture]]
* [[Balance]]
* [[Scheme rules]]
* [[Daisy chain]]
* [[Trust]]
* [[Financial modelling]]
* [[Deed]]
* [[Inflow]]
* [[Outflow]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:The_business_context]]
[[Category:Technology]]

Revision as of 09:19, 31 March 2016

1.

Law and pensions.

A legal document, drawn up in the form of a deed, which establishes or regulates a trust.

In relation to pensions, trust deeds constituting pension trusts can vary very widely in their form and content.


2.

A similar legal document in a bond issue. Also known as the Bond indenture.


3.

In Scotland, a formal, legally binding document that transfers part or all of a debtors assets to a trustee to manage for the benefit of the creditors. This is a private arrangement between a debtor and creditors.


See also