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Consortium Crossing Network

A crossing network (CN) that is established and owned by a consortium- i.e., a number of partners, such as banks,…

Cold Calling

A financial, promotional effort by which a bank tries to reach new customers (new leads) who were not expecting to...

Real-Time Promotion

A financial promotion that is made in the course of a telephone conservation or personal visit. Financial institutions are required...

Contingent Non-Viability Event

A contingent event that, once occurred, will prompt a regulated entity to issue financial instruments that convert into a variable...

Non-Viability Event

The occurrence of either of two situations, whichever earlier:  1) a regulator decides that it is necessary to write down...

Islamic Bank

A financial intermediary that mobilizes and directs funds (amwal) in a way compliant with shari'a principles and precepts (ahkam al-shari'a)....

NBFI

It stands for non-bank financial institution; a financial institution (FI) that provides an array of services, similar to those provided...

Non-Bank Financial Institution

A financial institution (FI) that provides an array of services, similar to those provided by banks but particularly excluding deposit...

Non-Bank

A financial institution (FI) that provides an array of services, similar to those provided by banks but particularly excluding deposit...

IBAN

It stands for International Bank Account Number, an internationally accepted account numbering standard which is designed to facilitate the automation...