Search: CAC
RBA Glossary definition for CAC
CAC – Collective Action Clause. A clause in bond contracts that includes provisions allowing a qualified majority of lenders to amend key financial terms of the debt contract and bind a minority to accept these new terms.
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Box B: The Greek Private Sector Debt Swap
3 May 2012
SMP
- May 2012
PDF
454KB
https://www.rba.gov.au/publications/smp/2012/may/pdf/box-b.pdf
Recent Proposals for Reform of Sovereign Debt Restructuring
13 Aug 2002
Bulletin
PDF
78KB
debtor. ‘British-style’ bonds issued in theEuromarket under English governing lawalmost invariably contain CACs. ... Global bonds (without CACs) 45Euromarket 48– with CACs 22– without CACs 26Other 7.
https://www.rba.gov.au/publications/bulletin/2002/aug/pdf/bu-0802-3.pdf
Sovereign Debt Restructuring: Recent Issues and Reforms
17 Dec 2014
Bulletin
December Quarter 2014
PDF
1015KB
https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-9.pdf
The Asian Crisis: A Retrospective
12 Oct 2007
Bulletin
PDF
93KB
Address by Mr Glenn Stevens, Governor, to The Anika Foundation Luncheon Supported by Australian Business Economists and Macquarie Bank, Sydney, 18 July 2007
https://www.rba.gov.au/publications/bulletin/2007/aug/pdf/bu-0807-2.pdf
Statement on Monetary Policy - May 2012
4 May 2012
SMP
- May 2012
PDF
2261KB
https://www.rba.gov.au/publications/smp/2012/may/pdf/0512.pdf