RBS 2013 Annual Report Download - page 558
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Glossary of terms
556
US Federal Agencies - are independent bodies established by the US
Government for specific purposes such as the management of natural
resources, financial oversight or national security. A number of agencies,
including, the Government National Mortgage Association, issue or
guarantee publicly traded debt securities.
Value-at-risk (VaR) - a technique that produces estimates of the potential
loss in the market value of a portfolio over a specified time period at a
given confidence level.
Wholesale funding - wholesale funding comprises Deposits by banks,
Debt securities in issue and Subordinated liabilities.
Write-down - a reduction in the carrying value of an asset to record a
decline in its fair value or value in use.
Wrong-way risk - the risk of loss when the risk factors driving the
exposure to a counterparty or customer are positively correlated with the
creditworthiness of that counterparty i.e. the size of the exposure
increases at the same time as the risk of the counterparty or customer
being unable to meet that obligation, increases.