imported>Doug Williamson |
imported>Doug Williamson |
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| (CBDC). | | (MAE). |
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| Digital currency issued and administered by a central bank.
| | A clause in a loan agreement. |
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| | | It is intended as a 'catch-all' clause and states that if there is a change in the circumstances of the borrower that materially and adversely affects the borrower's ability to repay, then this will constitute an event of default. |
| :<span style="color:#4B0082">'''''Bank of England considering CBDC'''''</span>
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| :"A Central Bank Digital Currency (CBDC) [in the UK] would allow households and businesses to directly make electronic payments using money issued by the Bank of England.
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| :We have not yet made a decision on whether to introduce CBDC.
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| :The Bank [of England] provides physical money in the form of banknotes, which can be used by households and businesses to make payments.
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| :We also provide electronic money, but this can only be used by banks and selected financial institutions.
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| :A Central Bank Digital Currency would make electronic money, issued by the Bank of England, available to all households and businesses.
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| :This would allow everyone to make electronic payments in central bank money.
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| :... CBDC is sometimes thought of as equivalent to a digital banknote, although in some respects it may have as much in common with a bank deposit.
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| :Any CBDC would be introduced alongside – rather than replacing – cash and bank deposits."
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| :''Bank of England - April 2020.''
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| == See also == | | == See also == |
| * [[Account]] | | * [[Event of default]] |
| * [[Altcoin]]
| | * [[Loan agreement]] |
| * [[Bank of England]]
| | * [[Material adverse change]] |
| * [[Bitcoin]]
| | * [[Adverse event]] |
| * [[Blockchain]]
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| * [[Central bank]]
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| * [[Crypto-assets]]
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| * [[Cryptocurrency]]
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| * [[Cryptography]]
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| * [[Currency]]
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| * [[Deposit]]
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| * [[Digital currency]]
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| * [[Distributed ledger]]
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| * [[e-money]]
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| * [[Ether]] | |
| * [[Fiat currency]] | |
| * [[Gold standard]] | |
| * [[Libra]]
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| * [[Money]]
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| * [[Ripple]]
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| ===External links===
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| [https://www.bankofengland.co.uk/research/digital-currencies Central bank digital currencies - Bank of England]
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| [https://www.bankofengland.co.uk/-/media/boe/files/digital-currencies/the-economics-of-digital-currencies.pdf?la=en&hash=BE28BE59F18E79CCE705643CF14F36DF8897E56D The economics of digital currencies - Bank of England]
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| [[Category:Accounting,_tax_and_regulation]] | | [[Category:Bank_Lending]] |
| [[Category:The_business_context]] | | [[Category:Debt_Capital_Markets]] |
| [[Category:Identify_and_assess_risks]] | | [[Category:Legal_Documentation]] |
| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Liquidity_management]]
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| [[Category:Technology]]
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