bad bank

(redirected from Collection Bank)
Also found in: Financial.

bad bank

n
a financial institution set up to hold and manage underperforming assets owned by other banks
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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LTCB, put under temporary state control last month, continues to service loans in good standing, while selling bad loans to the Japanese version of the Resolution and Trust Corp., which is to be created by merging the Resolution and Collection Bank and the Housing Loan Administration Corp.
Moreover, the chairperson elaborated that the bank expanded its cooperation with VISA to enable it to fulfil more tasks, such as becoming an issuance bank, a collection bank, issuing debit cards, prepaid cards, credit cards, the deployment of the ATM network inside and outside the bank branches, spreading point of sale (POS) machines, and training 300 bank employees.
Commingling risk has not been factored in the 'AAA' breakeven OC as Skipton, the collection bank holder, and Barclays Bank PLC (Barclays), the collection bank, have a Short-Term IDR of 'F1'.
As the tax collection bank for FBR, NBP has played a vital role in structuring this solution.
This will be the first bond issue of the collection bank, called Erste Abwicklungsanstalt (EAA) that would test investor interest before a bigger debt issue, Wargers said adding he was upbeat the bonds would draw buyers.
We obtained frozen (-20[degrees]C) lithium-heparin plasma samples that had tested positive for cardiac troponin-I [n = 161, cTnI >0.2 [micro]g/L, Bayer ACS:Centaur, upper reference limit <0.16 [micro]g/L (5)] and plasma samples from healthy blood donors (n = 161) from the Abbott Specimen Collection Bank and thawed the samples on ice immediately before analysis.
If you currently use multiple remote banks to deposit receivables, you can reduce costs by concentrating them all in one collection bank. You can also speed up the receivables process by imaging all incoming checks, sending them to your bank in an electronic file and letting the bank decide the quickest way to expedite collection.
FIRST-CLASS IDEA: Martyn Stacey, recycling officer at Warwick District Council, at a paper collection bank. Picture: MARK RADFORD
A book collection bank supporting Oxfam is also to be added to the facilities in mid September.
and Resolution and Collection Bank, which were engaged in similar work.

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