Participation certificate - Wikipedia

A Participation Certificate (PC) is a special form of participation in Swiss stock corporations (Partizipationsschein). Although this security secures ... Participationcertificate FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Forotheruses,seeCertificateofattendance. Thisarticlehasmultipleissues.Pleasehelpimproveitordiscusstheseissuesonthetalkpage.(Learnhowandwhentoremovethesetemplatemessages) Thisarticlemaybetootechnicalformostreaderstounderstand.Pleasehelpimproveittomakeitunderstandabletonon-experts,withoutremovingthetechnicaldetails.(November2010)(Learnhowandwhentoremovethistemplatemessage) Thisarticledoesnotciteanysources.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.Findsources: "Participationcertificate" – news ·newspapers ·books ·scholar ·JSTOR(December2009)(Learnhowandwhentoremovethistemplatemessage) (Learnhowandwhentoremovethistemplatemessage) AParticipationCertificate(PC)isaspecialformofparticipationinSwissstockcorporations(Partizipationsschein).Althoughthissecuritysecurespropertyrightsintheissuingcompany,theparticipationcertificatedoesnotconferanymembershiporvotingrights.Theissueofthisspecialfinancingtoolisintendedtoprovidethecompanywithequitycapital.Bynothavingvotingrights,thecompanyalsoprotectsitselfagainstunintendedinfluencesfromunwantedshareholders.Afterall,theseshareholdershavenovotingrightsandthusonlylimitedornoinfluenceatallonthecompany'spolicy. Theparticipationcertificatecannotbecomparedwiththe"CertificateofParticipation"inAnglo-SaxonparlanceasthisCertificateofParticipation)isafinancialinstrument,aformoffinancing,usedbymunicipalorgovernmententitieswhichallowsanindividualtobuyashareoftheleaserevenueofanagreementmadebytheseentities.Itisdifferentfromabondissuedbytheseagenciessinceparticipationcertificatesaresecuredbyleaserevenues.Municipalandgovernmententitiesusethisinstrumenttocircumventrestrictionsthatmightexistontheamountofdebtinotherformstheyabletotakeon. CertificatesofParticipationarealsoanewformofcreditinstrumentwherebybankscanraisefundsfromotherbanksandothercentralbankapprovedfinancialinstitutionstoeaseliquidity.Inthiscasebankshavetheoptiontosharetheircreditasset(s)withotherbanksbyissuingparticipationcertificates.Withthisparticipationapproach,banksandfinancialinstitutionscometogethereitheronrisksharingornon-risksharingbasis.Whileprovidingshorttermfunds,participationcertificatescanalsobeusedtoreducerisk.Therateatwhichthesecertificatescanbeissuedwillbenegotiabledependingontheinterestratescenario. EdwinO.Fischer:FinanzwirtschaftfürAnfänger.4.,überarbeiteteAuflage,Oldenbourg,München/Wien2005,ISBN 3-486-57790-5,S.194. Art.657OR AuthoritycontrolGeneral IntegratedAuthorityFile(Germany) Other MicrosoftAcademic Thisfinance-relatedarticleisastub.YoucanhelpWikipediabyexpandingit.vte Retrievedfrom"https://en.wikipedia.org/w/index.php?title=Participation_certificate&oldid=1024407113" Categories:GovernmentfinancesFinancestubsHiddencategories:WikipediaarticlesthataretootechnicalfromNovember2010AllarticlesthataretootechnicalArticleslackingsourcesfromDecember2009AllarticleslackingsourcesArticleswithmultiplemaintenanceissuesArticleswithGNDidentifiersArticleswithMAidentifiersAllstubarticles Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk Variants expanded collapsed Views ReadEditViewhistory More expanded collapsed Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Languages Deutsch Editlinks