Reading and funded in local currency
- Reading and funded in local currency
In finance this normally means the currency of the loan (or off balance sheet exposure) and the currency of the funding are all in the national currency national currency of the country of domicile of the debtor/customer/counterparty. This reflects the absence of risks relating to availability and transfer of foreign exchange on such claims. A global approach is acceptable, meaning that if the total funding position in the currency at least equals the totals of the credit(s) to the central government/central bank, the condition is assumed to be met. Also referred to as LCLF (local currency, local funds). Note: In case of collateral the principle of local currency is extended to the currency of the collateral.
International financial encyclopaedia .
2014.
Look at other dictionaries:
Local currency and local funds — Refer instead to Reading and funded in local currency … International financial encyclopaedia
Media and Publishing — ▪ 2007 Introduction The Frankfurt Book Fair enjoyed a record number of exhibitors, and the distribution of free newspapers surged. TV broadcasters experimented with ways of engaging their audience via the Internet; mobile TV grew; magazine… … Universalium
Computers and Information Systems — ▪ 2009 Introduction Smartphone: The New Computer. The market for the smartphone in reality a handheld computer for Web browsing, e mail, music, and video that was integrated with a cellular telephone continued to grow in 2008. According to… … Universalium
Anarchism and anarcho-capitalism — This article discusses similarities and differences between anarcho capitalism and other types of anarchism. Integrating Austrian economics into individualist anarchism Murray Rothbard was a student and disciple of the Austrian economist Ludwig… … Wikipedia
Debtors 20% risk weighting — In finance this normally means Institutions for which a basic solvency risk weight of 20 % is applicable: Regional authorities of Zone A countries. Banks in Zone A countries (excluding central banks Zone A). Banks in Zone B countries/LCLF … International financial encyclopaedia
LCLF — Refer instead to Reading and funded in local currency … International financial encyclopaedia
American and British English differences — For the Wikipedia editing policy on use of regional variants in Wikipedia, see Wikipedia:Manual of style#National varieties of English. This is one of a series of articles about the differences between British English and American English, which … Wikipedia
Bosnia and Herzegovina — a republic in S Europe: formerly (1945 92) a constituent republic of Yugoslavia. 2,607,734; 19,909 sq. mi. (51,565 sq. km). Cap.: Sarajevo. * * * Bosnia and Herzegovina Introduction Bosnia and Herzegovina Background: Bosnia and Herzegovina s… … Universalium
Libraries and Museums — ▪ 2007 Introduction Libraries and museums grappled with ways to attract more patrons during the year, introducing innovative software (Library 2.0), technological wizardry (iPods as museum aides), and even “bib dating.” Efforts continued to… … Universalium
Arguments for and against drug prohibition — Arguments about the prohibition of drugs, and over drug policy reform, are subjects of considerable controversy. The following is a presentation of major drug policy arguments, including those for drug law enforcement on one side of the debate,… … Wikipedia
