Strategic Report and Variable rate: Difference between pages

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imported>Doug Williamson
(Added new entry for Strategic Review. Information from [https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx)
 
imported>Doug Williamson
(Create page. Sources: linked pages.)
 
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''Financial reporting''
1. ''Interest rates - retail.''


All companies, that are not small, are required by the Companies Act 2006 to prepare a strategic report containing a fair and balanced analysis of:
An interest rate payable or receivable by a retail customer that changes from time to time.


a) the development and performance of the company’s business during the financial year;
Either in accordance with a predetermined formula, or - more commonly - at the discretion of the provider.


b) the position of the company at the end of the year; and,


c) a description of the principal risks and uncertainties facing the company.
2. ''Interest rates''.


The Strategic Report replaces the Operating and Financial Review or Business review section of the Annual Report. It is in addition to the Directors' report.
More generally, any interest rate that is not fixed.


Also known as a floating interest rate.


==See also==
* [[Annual report]]


== See also ==
* [[Deposit]]
* [[Fixed debt]]
* [[Fixed rate]]
* [[Floating debt]]
* [[Floating rate]]
* [[Mortgage]]
* [[Retail]]
* [[Standard variable rate]]
* [[Wholesale]]


==Other links==
[[Category:Accounting,_tax_and_regulation]]
[https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx, Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 13:04, 31 March 2021

1. Interest rates - retail.

An interest rate payable or receivable by a retail customer that changes from time to time.

Either in accordance with a predetermined formula, or - more commonly - at the discretion of the provider.


2. Interest rates.

More generally, any interest rate that is not fixed.

Also known as a floating interest rate.


See also

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