Public Accounts Committee and Schuldschein: Difference between pages

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''UK''.
A loan instrument usually governed by German law.


(PAC).
''Schuldschein'' is sometimes translated as 'certificate of indebtedness'.


The Public Accounts Committee is a committee of the UK parliament.


The Committee scrutinises the economy, efficiency and effectiveness of UK public spending, and generally holds the government and its civil servants to account for the delivery of public services.
Schuldscheine are bilateral loans, privately placed, unlisted and unregistered. 
 
They are not securities as the debt is legally constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.
 
 
Historically the largest category of Schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.
 
 
Also known as ''Schuldscheindarlehen'' (SSD).


Among others, this includes His Majesty's Revenue & Customs (HMRC).




== See also ==
== See also ==
* [[His Majesty's Revenue & Customs]] (HMRC)
* [[Bund]]
*[[Internal Revenue Service]] (IRS)
* [[PEPP]]
* [[HM Treasury]]
* [[Pfandbrief]]
* [[National Audit Office]]
* [[Private placement]]
* [[Treasury Committee]]
* [[Security]]
* [[USPP]]
 
 
 
===Other links===
[http://www.treasurers.org/node/4070 A burst of energy, The Treasurer, 2008]


[[Category:Context_of_treasury]]
[[Category:Corporate_financial_management]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 11:29, 21 February 2018

A loan instrument usually governed by German law.

Schuldschein is sometimes translated as 'certificate of indebtedness'.


Schuldscheine are bilateral loans, privately placed, unlisted and unregistered.

They are not securities as the debt is legally constituted by the underlying loan agreement, rather than by the certificate of indebtedness itself.


Historically the largest category of Schuldschein issuers has been German public authorities, but the market is also tapped by corporate borrowers and financial institutions.


Also known as Schuldscheindarlehen (SSD).


See also


Other links

A burst of energy, The Treasurer, 2008