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・ ParticipACTION
・ Participant evolution
・ Participant Media
・ Participant observation
・ Participants in Operation Enduring Freedom
・ Participants in the Madoff investment scandal
・ Participants in World War I
・ Participatiemaatschappij Vlaanderen
・ Participating consciousness
・ Participating preferred stock
・ Participation
・ Participation (decision making)
・ Participation (ownership)
・ Participation (philosophy)
・ Participation bias
Participation certificate
・ Participation constraint (mechanism design)
・ Participation criterion
・ Participation dance
・ Participation exemption
・ Participation inequality
・ Participation loan
・ Participation mortgage
・ Participation mystique
・ Participation of Mangalorean Catholics in the Indian Independence Movement
・ Participation of medical professionals in American executions
・ Participation TV
・ Participative decision-making
・ Participatory 3D modelling
・ Participatory action research


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Participation certificate : ウィキペディア英語版
Participation certificate

A Participation Certificate (PC) (also known as a Certificate of Participation) is a financial instrument, a form of financing, used by municipal or government entities which allows an individual to buy a share of the lease revenue of an agreement made by these entities. It is different from a bond issued by these agencies since participation certificates are secured by lease revenues. Municipal and government entities use this instrument to circumvent restrictions that might exist on the amount of debt in other forms they able to take on.
Participation certificates are a new form of credit instrument whereby banks can raise funds from other banks and other central bank approved financial institutions to ease liquidity. In this case banks have the option to share their credit asset(s) with other banks by issuing participation certificates. With this participation approach, banks and financial institutions come together either on risk sharing or non-risk sharing basis. While providing short term funds, participation certificates can also be used to reduce risk. The rate at which these certificates can be issued will be negotiable depending on the interest rate scenario.
==References==


抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Participation certificate」の詳細全文を読む



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