HSBC 2008 Annual Report Download - page 463

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Abbreviations used Brief description
ABS Asset-backed security
ADR American Depositary Receipt
ADS American depositary share
AIEA Average interest-earning assets
ALCO Asset and Liability Management Committee
ARM Adjustable-rate mortgage
ASF Asset and Structured Finance
Asscher Asscher Finance Ltd, a structured investment vehicle managed by HSBC
ATM Automated teller machine
Banca Nazionale Banca Nazionale del Lavoro SpA
Bank of Bermuda The Bank of Bermuda Limited, which was acquired in February 2004
Bank of Communications Bank of Communications Co., Limited, mainland China’s fourth largest bank by market
capitalisation, in which HSBC currently has 19.01 per cent interest
Barion Barion Funding Limited, a term funding vehicle
Basel Committee Basel Committee on Banking Supervision
Basel I 1988 Basel Capital Accord
Basel II Final Accord of the Basel Committee on proposals for a new capital adequacy
framework
Bps Basis points. One basis point is equal to one hundredth of a percentage point
Brazilian operations HSBC Bank Brasil S.A.–Banco Múltiplo and subsidiaries, plus HSBC Serviços e
Participações Limitada
Cash flow hedges Hedges of the variability in highly probable future cash flows attributable to a recognise
d
asset or liability, or a forecast transaction
CCF CCF S.A., the former name of HSBC France
CD Certificate of deposit
CDS Credit default swap
CDO Collateralised debt obligation
CGU Cash-generating unit
CNAV Constant Net Asset Value
Combined Code Combined Code on Corporate Governance issued by the Financial Reporting Council
CP Commercial paper
CPI Consumer price index
CRR Customer risk rating
Cullinan Cullinan Finance Ltd, a structured investment vehicle managed by HSBC
Decision One Decision One Mortgage Company, HSBC Finance’s subsidiary which originates loans
referred by mortgage brokers
DPF Discretionary participation feature of insurance and investment contracts
Enhanced VNAV Enhanced Variable Net Asset Value
EPS Earnings per share
EU European Union
Fair value hedges Hedges of the change in fair value of recognised assets or liabilities or firm commitments
FDIC Federal Deposit Insurance Corporation (US)
Financiera Independencia Financiera Independencia S.A.B. de C.V.
FSA Financial Services Authority (UK)
FTSE Financial Times - Stock Exchange index
GAAP Generally Accepted Accounting Principles
GCRO Group Chief Risk Officer
GDP Gross domestic product
Global Markets HSBC’s treasury and capital markets services in Global Banking and Markets
GMB Group Management Board
GMO Group Management Office
Group HSBC Holdings together with its subsidiary undertakings
Hang Seng Bank Hang Seng Bank Limited, the third largest bank listed in Hong Kong by market
capitalisation