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Accounting
Banking

Earmarking

The process whereby a bank or similar financial institution sets aside/ appropriates an amount of money for a specific use...

IM

It stands for initial margin; in relation to a loan, it represents the difference between the current market value of...

Initial Margin

In relation to a loan, it represents the difference between the current market value of collateral posted for a loan...

ONSF

It stands for overnight standing facility; a standing facility that involves a bank (a regulated entity) lending funds to other...

Overnight Standing Facility

A standing facility that involves a bank (a regulated entity) lending funds to other market participants, on an overnight basis,...

Standing Facility

A credit facility that a central bank makes available to counterparties (banks and other financial institutions) at their own initiative....

Vostro Account

A bank account that is held and maintained by one bank on behalf of another bank (a respondent bank), usually...

Nostro Account

An account that a bank holds in a foreign currency in another bank. Nostro accounts are used for payment services...

Haircut

In relation to a loan, it represents the difference between the current market value of collateral posted for a loan...

Margin

In relation to a loan, it represents the difference between the current market value of collateral posted for a loan...