HSBC 2009 Annual Report Download - page 490

HSBC HOLDINGS PLC
Glossary (continued)
488
Abbreviation Brief description
OFT Office of Fair Trading (UK)
OTC1 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
PPI Payment protection insurance product
Premier See HSBC Premier
PVIF Present value of in-force long-term insurance business
Repo Sale and repurchase transaction
Restricted Shares Awards of Restricted Shares define the number of HSBC Holdings ordinary shares to
which the employee will become entitled, generally between one and three years fro
m
the date of the award, and normally subject to the individual remaining in employment
Reverse repo Security purchased under commitments to sell
RMM Risk Management Meeting of the Group Management Board
RPI Retail price index (UK)
RWA1 Risk weighted asset
S&P Standard and 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
SIV1 Structured investment vehicle
SME Small and medium-sized enterprise
Solitaire Solitaire Funding Limited, a special purpose entity managed by HSBC
SPE1 Special purpose entity
STIP Short-term income protection insurance product
Techcombank Vietnam Technological and Commercial Joint Stock Bank
The Chinese Bank The Chinese Bank Co., Ltd., the business in Taiwan
The Hongkong and Shanghai
Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited, the founding member of the
HSBC Group
TSR Total shareholder return
UAE United Arab Emirates
UK United Kingdom
US United States
VAR1 Value at risk
Visa Visa Inc.
VNAV Variable Net Asset Value
WWF World Wide Fund for Nature
1 For full definitions see pages 489 to 494.