HSBC 2008 Annual Report Download - page 465

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Abbreviations used Brief description
Monoline Monoline insurance company
M&S Money Marks and Spencer Retail Financial Services Holdings Limited, acquired by HSBC in
November 2004
MSCI Morgan Stanley Capital International index
MTN Medium-term note
NA Nationally Chartered, a designation for certain categories of banks in the US
Net investment hedges Hedge of a net investment in a foreign operation
NYSE New York Stock Exchange
OFT Office of Fair Trading (UK)
OTC Over-the-counter
Performance Shares Awards of HSBC Holdings ordinary shares under employee share plans that are subject
to corporate performance conditions
Ping An Insurance Ping An Insurance (Group) Company of China, Limited, the second-largest life insurer
in the PRC, in which HSBC currently has 16.78 per cent interest
Premier See HSBC Premier
PVIF Present value of in-force long-term insurance business
Repo Sale and repurchase transaction
Restricted shares Awards of HSBC Holdings ordinary shares to which the employee will become entitled,
normally after three years, subject to remaining an employee
Reverse repo Security purchased under commitments to sell
RMM Risk Management Meeting
RPI Retail price index (UK)
RWA Risk weighted asset
Seasoning The emergence of credit loss patterns in portfolios over time
S&P Standard & Poor’s rating agency
SEC Securities and Exchange Commission (US)
SIC Securities investment conduit
SIP Statement of investment principles produced by trustees of defined pension plans
SIV Structured investment vehicle
SME Small and medium-sized enterprise
Solitaire Solitaire Funding Limited, a special purpose entity managed by HSBC
SPE Special purpose entity
Sub-prime A US description for customers who have limited credit histories, modest incomes, high
debt-to-income ratios, high loan-to-value ratios (for real estate secured products) or
have experienced credit problems caused by occasional delinquencies, prior
charge-offs, bankruptcy or other credit-related actions
Techcombank Vietnam Technological and Commercial Joint Stock Bank
The Chinese Bank The Chinese Bank Co., Ltd., the business of which HSBC acquired in March 2008
The Hongkong and Shanghai
Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited, the founding member of the
HSBC Group
TSR Total shareholder return
TSR award TSR measure applied to a proportion of the award of Performance Shares under
The HSBC Share Plan
UAE United Arab Emirates
UK United Kingdom
US United States
VAR Value at risk
Visa Visa Inc.
VNAV Variable net asset value
WWF World Wide Fund for Nature