Schengen Area and Short term: Difference between pages

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''European Union (EU)''.
(ST).


Collective term for the 26 European countries - 22 EU member states, plus four other countries - which have open borders between them.
1.


In financial markets 'short term' usually means remaining maturities of up to and including one year.


The 22 participating EU member states are:
There are some minor exceptions. For example in bond markets 'short term' can refer to original maturities of less than two years.


:Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden.


The other four members of the Schengen Area are:
2.


:Iceland, Liechtenstein, Norway and Switzerland.
''Financial reporting''.
 
 
====Four EU member states expected to join Schengen====
The following EU member states are expected to join the Schengen Area in due course:
 
:Bulgaria, Croatia, Cyprus and Romania.
 
 
====Two EU member states opted out of Schengen====
Ireland and the United Kingdom (UK) have opted out of the Schengen arrangements.
 
A referendum held in the UK in June 2016 resulted in a vote in favour of the UK leaving the European Union itself.
 
 
====Origins====
The originating Schengen Agreement was signed in 1985 in the Luxembourg village of Schengen, by five countries:
 
:Belgium, France, Germany, Luxembourg and the Netherlands.


For financial reporting purposes, short term borrowings and other liabilities are ones payable within a year, or the next financial reporting period, if shorter.




== See also ==
== See also ==
* [[Brexit]]
* [[Balance sheet]]
* [[European Economic Area]]
* [[Bond]]
* [[European Union]]
* [[Longer term]]
__NOTOC__
* [[Maturity]]
* [[Quoted rate]]
* [[Short]]
* [[Short dates]]
* [[Short-term investments]]

Revision as of 18:14, 12 November 2016

(ST).

1.

In financial markets 'short term' usually means remaining maturities of up to and including one year.

There are some minor exceptions. For example in bond markets 'short term' can refer to original maturities of less than two years.


2.

Financial reporting.

For financial reporting purposes, short term borrowings and other liabilities are ones payable within a year, or the next financial reporting period, if shorter.


See also