Activities undertaken for the purpose of earning profits. For example, the UK's HM Revenue & Customs describes itself as having three Business areas: digital, customer services and compliance. ...

Technical skills are one of the three groups of treasury skills identified by the ACT's Competency Framework. :Context of Treasury ...

...context, objectivity means making professional judgements without bias or the undue influence of others. * [[Business ethics]] ...

==The business context== ...iness context' is a core technical competency for treasurers identified by the ACT's Competency Framework. ...

...usiness day after the business day on which the related deal was struck in the market. In this context, T+2 means settlement following after two business days. ...

Broadly, divestment is the opposite of investment. It usually refers to the sale of a business segment or subsidiary business. ...

In a commercial context, the business ''entity'' refers to the whole of the business undertaking, regardless of whether it is financed by equity alone or by a c The Entity Value is therefore the total value of the Equity plus the Debt. ...

==== Business risk generally ==== In its broadest sense, business risk means the set of risks taken by a business in choosing to operate in a commercially competitive environment, launching ...

...r’s insolvency or unwillingness to pay its debt or to perform according to the contract. For example the insolvency or unwillingness of a bank, customer, supplier or guarantor. ...

In a commercial context, a customer is an individual or organisation that pays for goods, services, In relation to public sector activities, customers are the people or organisations that receive services provided by public sector bod ...

...ances that would render a business unviable, thereby identifying potential business vulnerabilities. Reverse stress-testing starts from an outcome of business failure, and identifies circumstances where this might occur. ...

...ions of a business and to finance its future development in the context of the corporate plan. ...

===Overview of the Framework=== The ACT Competency Framework is the result of consultation with senior treasurers, banks and learning and devel ...

1. ''Business organisation.'' 'Enterprise value' is the total value of a commercial business, whether funded by equity alone or by a combination of equity and debt. ...

...yed by an organisation, especially in the most senior positions, including the board of directors. In the investment context, diversity is the beneficial result of the appropriate diversification of investments. ...

In the context of foreign operations, a branch is an alternative to having a subsidiary co The foreign branch is a full part of the company headquartered in the home country, rather than being a separate legal entity. ...

...rrency asset in a location other than the country of which the currency is the domestic currency. For example, a holding of Japanese yen in the United States (which would also be known as 'Euroyen'). ...

...rganisation' is a core behavioural competency for treasurers identified by the ACT's Competency Framework. ...anisation, and being able to relate to other business functions to deliver the organisation’s strategic objectives. ...

In the context of credit and debit cards, a merchant is a business that sells goods and services via cards, whether online or physically prese ...

Clearing Member, in the context of a clearing house or clearing system. * [[Business process re-engineering]] ...