PLAC: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>John Grout m (To cross refer to SLAC) |
imported>John Grout No edit summary |
||
| Line 1: | Line 1: | ||
Primary Loss Absorbing Capital. | Primary Loss Absorbing Capital. | ||
Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. | Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt. | ||
Revision as of 12:01, 24 March 2014
Primary Loss Absorbing Capital.
Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt.
See also
- SLAC - Secondary Loss Absorbing Capital
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital
