ring-fencing definition
ring-fencing means the process in terms of which linked deliveries and receipts which emanate from off book trades[reported transactions] are separated and distinguished from deliveries and receipts which emanate from transactions in the central order book of the JSE equities trading system;
ring-fencing means the disallowance, for purposes of cost recovery in any part of the Contract Area, of any Contract Expenses incurred in any other part of the Contract Area.
ring-fencing of this budget means that there will be no requirement for NSS to contribute to the budget in the light of service pressures in designated national specialist services, risk share schemes or screening services. Any additional funding required to meet SGHSCD policy changes, or additional activity approved by NHS Board CEs, is allocated by SGHSCD and/or territorial NHS Boards; and any surplus in the budget will be returned to NHS Boards in proportion to the contributions made by each Board to the budget. NSS will neither gain nor lose from holding and managing the budget. The budget is for both income and expenditure on national specialist services so there is no gap to fill.
More Definitions of ring-fencing
ring-fencing means the separate operation of related or associated businesses of a licensed entity in a regulated industry.”
ring-fencing means putting a barrier in place in order to limit cross-border liquidity or capital allocation in banking groups. To date, the purpose of such barriers has been to protect the subsidiaries of foreign banks from having to transfer excessive amounts of liquidity and capital to their foreign parent. Efforts to have pru- dential requirements applied at group rather than indi- vidual company level are referred to as the “home-host” debate.
ring-fencing means identifying and isolating, in a specified manner and to a specified extent, a monopoly or near-monopoly activity of an integrated business from other activities of that business which are contestable
ring-fencing means a guarantee that funds allocated for a particular purpose will not be spent on anything else.