Cash and cash equivalents and Official Bank Rate: Difference between pages

Revision as of 11:41, 29 October 2016

1.

UK.

The official reference interest rate for the UK determined by the Bank of England's Monetary Policy Committee (MPC).

The Official Bank Rate is the rate used for certain key transactions between the Bank of England and financial institutions.

It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.

It is used by many financial institutions when setting interest rates for certain of their products.

The Official Bank Rate is often known as the 'Bank of England Base Rate' (BBR).

2.

Similar interest rates in other jurisdictions.

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-''Financial reporting''.
+.
-(CCE).
+''UK.''
-For financial reporting purposes, cash equivalents are:
+The official reference interest rate for the UK determined by the Bank of England's Monetary Policy Committee (MPC).
-*Short-term, highly liquid investments that are
-*Readily convertible to known amounts of cash and
-*Which are subject to an insignificant risk of changes in value.
+The Official Bank Rate is the rate used for certain key transactions between the Bank of England and financial institutions.
-Cash and cash equivalents are normally reported as a single aggregated figure in the primary statement of financial position.
+It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.
-==See also==
+It is used by many financial institutions when setting interest rates for certain of their products.
-*[[Cash]]
-*[[Cash equivalents]]
-*[[Cashflow statement]]
-*[[Liquidity]]
-*[[Statement of financial position]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:Compliance_and_audit]]
+The Official Bank Rate is often known as the 'Bank of England Base Rate' (BBR).
-[[Category:Cash_management]]
+.
+Similar interest rates in other jurisdictions.
+== See also ==
+* [[Bank of England]]
+* [[Bank Rate]]
+* [[Base rate]]
+* [[Monetary Policy Committee]]
+* [[MLR]]
+* [[Reference rate]]