Liquidate and Official Bank Rate: Difference between pages

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1.  
1. ''UK.''


To sell the assets of a company (or other entity) in order to pay off debts, commonly involving the winding up of the entity.
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 ('the Bank') and financial institutions.


2.  
It is designed to have the effect of determining the level of near risk-free interest rates throughout the UK financial sector.


To close a market position, for example by selling an asset for cash.


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


3.


To turn any other asset - including the proceeds of crime - into cash.
The Official Bank Rate is often known - externally to the Bank - as the 'Bank of England Base Rate' (BBR).


Within the Bank of England, it is often abbreviated to 'the Bank Rate'.


:<span style="color:#4B0082">'''''Frauds made easier by technology'''''</span>


:"The frauds in Romania and the UK were both... made easier by technology (electronic payments can be liquidated more quickly and easily than cheques)."
2.
 
:''The Treasurer magazine, March 2017, p39 - Lesley Meall, freelance journalist specialising in technology and finance.''


Similar interest rates in other jurisdictions.




== See also ==
== See also ==
* [[Forced sale]]
* [[Bank of England]]
* [[Liquid]]
* [[Bank Rate]]
* [[Liquidation]]
* [[Base rate]]
* [[Liquidity]]
* [[Monetary Policy Committee]]
* [[Side pocket]]
* [[MLR]]
* [[Winding-up]]
* [[Reference rate]]
 
* [[Term Funding Scheme]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 14:13, 23 March 2020

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 ('the Bank') 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 - externally to the Bank - as the 'Bank of England Base Rate' (BBR).

Within the Bank of England, it is often abbreviated to 'the Bank Rate'.


2.

Similar interest rates in other jurisdictions.


See also