In relation to correspondent banking, it is an account that one bank holds on behalf of another bank (the customer...

A feature that is embedded in a contingent convertible bond (CoCo bond) whereby it would would convert to equity or...

It stands for loss-absorption mechanism trigger; a feature that is embedded in a contingent convertible bond (CoCo bond) whereby it...

A liability that a bank holds on its balance sheet (statement of financial position). Banks liabilities consist of deposits and...

It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...

The institution (usually a central bank or monetary agency) in a financial system that is sought by a financial institution...

It stands for loan loss reserve; a type of credit enhancement whereby a reserve (specifically, a cash reserve) is created...

A type of credit enhancement whereby a reserve (specifically, a cash reserve) is created by a bank for the purpose...

A category of loans (as distinct from prime and subprime) which, though characterized by high credit scores, doesn't meet the...

The interest rate at which banks borrow funds from each other, in marketable size, in the London interbank market. This...