HSBC 2007 Annual Report Download - page 467

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Abbreviations used Brief description
Bps Basis points. One basis point is equal to one hundredth of a percentage point
Brazilian operations HSBC Bank Brasil S.A.-Banco Múltiplo and subsidiaries, plus HSBC Serviços e
Participações Limitada
Cash flow hedge Hedge of the variability in highly probable future cash flows attributable to a recognised
asset or liability, or a forecast transaction
CC Competition Commission
CCF CCF S.A., the former name of HSBC France
CD Certificate of deposit
CDO Collateralised debt obligation
CGU Cash-generating unit
Chailease Chailease Credit Services Company Ltd, a receivables finance company acquired in
Taiwan by HSBC
CIS Core Investment Solutions
CNAV Constant Net Asset Value
Combined Code Combined Code on Corporate Governance issued by the Financial Reporting Council
CP Commercial paper
CPI Consumer price index
Cullinan Cullinan Finance Ltd, a structured investment vehicle managed by HSBC
Cyprus Popular Bank The Cyprus Popular Bank Limited
Decision One Decision One Mortgage Company, HSBC Finance’s subsidiary which originates loans
referred by mortgage brokers
DPF Discretionary participation feature of insurance and investment contracts
Enhanced VNAV Enhanced Variable Net Asset Value
EPS Earnings per share
EU European Union
Fair value hedge Hedge of the change in fair value of recognised assets or liabilities or firm commitments
FDIC Federal Deposit Insurance Corporation (US)
FFIEC Federal Financial Institution Examination Council
FHC Financial holding company, as defined under the Gramm-Leach-Bliley Act amendments
to the BHCA
FSA Financial Services Authority (UK)
FSMA Financial Services and Markets Act 2000 (UK)
FTSE Financial Times – Stock Exchange index
GAAP Generally Accepted Accounting Principles
GCRO Group Chief Risk Officer
GDP Gross domestic product
Global Banking and Markets The global business of the Group (previously known as Corporate, Investment Banking
and Markets) comprising Global Markets, Global Banking and Global Asset
Management
Global Markets HSBC’s treasury and capital markets services in Global Banking and Markets
GMB Group Management Board
Group HSBC Holdings together with its subsidiary undertakings
GSC Group Service Centre
Hang Seng Bank Hang Seng Bank Limited, the fourth largest bank in Hong Kong by market capitalisation
HFC HFC Bank Limited, the UK-based consumer finance business acquired through the
acquisition by HSBC of HSBC Finance
HKMA Hong Kong Monetary Authority
HKSE The Stock Exchange of Hong Kong Limited
Hong Kong Hong Kong Special Administrative Region of the People’s Republic of China
HNAH HSBC North America Holdings Inc, the bank holding company formed on 1 January
2004 to hold all of HSBC’s North America operations
HSBC HSBC Holdings together with its subsidiary undertakings
HSBC Assurances HSBC Assurances, comprising Erisa S.A., the French life insurer, and Erisa I.A.R.D., the
property and casualty insurer (together, formerly Erisa)