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Public Sector Net Cash Requirement |
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Public Sector Net Cash RequirementFormerly known as Public Sector Borrowing Requirement (PSBR), PSNCR is the difference between the expenditure of the public sector and its income. Where there is a deficit it is financed by borrowing - principally via the sale of government gilt edged stocks (gilts).Public sector net borrowing also measures the difference between the expenditure and income of the public sector but differs from the net cash requirement in that it is measured on an accruals basis whereas the net cash requirement is mainly a cash measure.Similar MatchesDomestic content requirementDomestic content requirementA requirement that goods sold in a country contain a certain minimum of domestic value added. Minimum funding requirementMinimum funding requirementA rule introduced in the wake of the Maxwell pensions scandal which was intended to ensure that company pensions funds always had enough assets to pay out their liabilities (i.e. pensions to retired members of the scheme).The legislation uses the yield from long term gilts as the yardstick by which a pensions fund's liabilities are measured. To stay within the rules, funds have felt obliged to buy these long-term bonds, with the result that their price has gone sky high.One alternative being considered is to change the whole way liabilities are valued and, in effect, to allow the funds to invest in more exciting securities than gilts, but to couple this with an insurance fund that bails out those funds that are unable to meet their liabilities. This insurance fund would be called the Central Discontinuance Fund (CDF). Sinking fund requirementSinking fund requirementA condition included in some corporate bond indentures that requires the issuer to retire a specified portion of debt each year. Any principal due at maturity is called the balloon maturity. Offset requirementOffset requirementAs a condition for importing into a country, a requirment that foreign exporters purchase domestic products and/or invest in the importing country. Listing requirementsListing requirementsRequirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. Further SuggestionsAssets requirementsReserve requirements Public Sector Borrowing Requirement Margin requirement Margin requirement (options) Local content requirement Performance requirement Initial margin requirement Export performance requirement Dividend requirement Capital requirements Export requirement Net capital requirement Materials requirement planning Unit labor requirement Requirement Indicator Matrix Advance deposit requirement Content requirement |
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