Provision and Secured Overnight Financing Rate: Difference between pages

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1. ''Accounting''.  
''US interest rate benchmarks''.


A form of liability where there is uncertainty as to the amount and timing of final settlement.
(SOFR).


Relevant accounting standards include IAS 37 and Section 21 of FRS 102.
SOFR is a broad treasuries repo financing rate, recommended as a benchmark by the ARRC of the Federal Reserve.




2. ''Accounting''.
==See also==
*[[ARRC]]
*[[Federal Reserve]]
*[[LIBOR]]
*[[Reference rate]]
*[[Risk-free rates]]
*[[Repo]]
*[[Treasury]]


A reduction in the carrying amount, or net book value, of an asset to recognise an estimated reduction in value.


Examples include bad debt provisions and provisions for depreciation.
===Other links===


 
[[Media:Slaughter and May interest rate benchmarks.pdf| 2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May]]
3. ''Law''.
 
A significant individual part of a law, for example a tax anti-avoidance provision.
 
 
4. ''Contract law''.
 
A significant individual part of a contract, for example a clause or a term in a contract.
 
 
== See also ==
* [[Accrual]]
* [[Anti-avoidance provision]]
* [[Bad debt provision]]
* [[Book reserve]]
* [[Call provision]]
* [[Carrying amount]]
* [[Contract]]
* [[Depreciation]]
* [[FRS 102]]
* [[General provision]]
* [[IAS 37]]
* [[Liabilities]]
* [[Make whole provision]]
* [[Net book value]]
* [[Term]]
* [[Zero rate provision]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Revision as of 10:45, 4 February 2018

US interest rate benchmarks.

(SOFR).

SOFR is a broad treasuries repo financing rate, recommended as a benchmark by the ARRC of the Federal Reserve.


See also


Other links

2021: A Benchmark Odyssey, Practical Guidance for Treasurers on interest rate benchmarks, Slaughter and May