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Banking

LLR

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

CET1

The capital of a bank or financial institution that consists of paid-in capital, capital reserve, surplus reverse, general reserve, undistributed...

WC Promissory Note

A short form of wedding cake promissory note; a type of structured promissory note that has multiple double no touch barriers.…

RA Promissory Note

A short form of range accrual promissory note; a type of structured promissory note that has the potential to increase the…

NBFI

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

NTD

It stands for nontransferable deposit; a deposit (with a bank or financial institution) that is not, or cannot be, used...

TD

In banking, TD stands for many terms including transferable deposit, time deposit, term deposit, and total deposits. Transferable deposit is...

NII

It stands for net interest income; the difference between the interest income a bank or a lending institution earns from...

LIBOR

It stands for the London Interbank Offered Rate, i.e., the interest rate at which banks borrow funds from each other,...

ABCP

An abbreviation for asset-backed commercial paper; a short-term instrument that is backed by the cash flows from specific assets (e.g....