The ECB agreed to give up preferred creditor status, which could have frightened away countries' other creditors afraid they would take all the losses in case of a default.
What does PCS stand for?
PCS stands for Preferred Creditor Status
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PCS
We have 999 other meanings of PCS in our Acronym Attic
- Power Control Subchannel
- Power Conversion System
- Powertrain Control Solutions (Las Vegas, NV)
- Pre Classic Space (Lego theme)
- Pre-Construction Survey
- Preauthorized Checking Service
- Precision Computer Systems (various locations)
- Precision Contracting Services (various locations)
- Precordial Catch Syndrome (chest pain)
- Predefined Command Script
- Prepaid Cellular Service
- Preparatory and Continuing Studies (University of Houston; Texas)
- Pressure Control Solenoid
- Pressure Control System
- Pretreated Corn Stover
- Pretty Crappy Service :-)
- Prevention Care and Support (various organizations)
- Primary Care Site (various locations)
- Primary Control Ship
- Primary Coolant System
Samples in periodicals archive:
Certainly it is helpful if there is an unlimited amount possible and also if the ECB will refrain from holding a preferred creditor status.
Even if the ECB is able to credibly pre-commit not to exercise its preferred creditor status in the event of default, its bond purchases are likely to be associated with EFSF/ESM bond purchases/lending, implying some subordination of private creditors.
He also explores concepts such as sustainability, macroeconomic forecasts, ownership, and preferred creditor status in terms of the relevance to the MDGs.
The BFSR of C- assigned to Afreximbank, which maps to a baseline credit assessment (BCA) of Baa2, takes into account the bank's strong positioning in trade finance on the African continent, its preferred creditor status and other privileges that it enjoys in its member countries, as well as its sound financial fundamentals," said Nondas Nicolaides, a Vice-President and Moody's lead analyst for Afreximbank.
UHY Hacker Young says HMRC's more aggressive stance towards businesses owing tax or national insurance is partly due to loss of preferred creditor status in September 2003.
2) If sanctions were imposed, would the preferred creditor status and the balance sheet of the Fund be threatened?
In a separate action, theInland Reve-nue are taking proceedings against Exeter over preferred creditor status, which could have implications for all levels of football, not just the Conference.