eTrade 2009 Annual Report Download - page 92

Customer cash and deposits—Customer cash, deposits, customer payables and money market balances,
including those held by third parties.
Daily average revenue trades (“DARTs”)—Total revenue trades in a period divided by the number of
trading days during that period.
DBRS—Dominion Bond Rating Service.
Debt Exchange—In the third quarter of 2009, we exchanged $1.7 billion aggregate principal amount of our
corporate debt, including $1.3 billion principal amount of our 12
1
⁄ 2 % Notes and $0.4 billion principal amount of
our 8% Notes, for an equal principal amount of newly-issued non-interest-bearing convertible debentures.
Derivative—A financial instrument or other contract, the price of which is directly dependent upon the
value of one or more underlying securities, interest rates or any agreed upon pricing index. Derivatives cover a
wide assortment of financial contracts, including forward contracts, options and swaps.
Enterprise interest-bearing liabilities—Liabilities such as customer deposits, repurchase agreements and
other borrowings, FHLB advances, certain customer credit balances and stock loan programs on which the
Company pays interest; excludes customer money market balances held by third parties.
Enterprise interest-earning assets—Consists of the primary interest-earning assets of the Company and
includes: loans, available-for-sale mortgage-backed and investment securities, margin receivables, trading
securities, stock borrow balances and cash required to be segregated under regulatory guidelines that earn interest
for the Company.
Enterprise net interest income—The taxable equivalent basis net operating interest income excluding
corporate interest income and corporate interest expense and interest earned on customer cash held by third
parties.
Enterprise net interest margin—The enterprise net operating interest income divided by total enterprise
interest-earning assets.
Enterprise net interest spread—The taxable equivalent rate earned on average enterprise interest-earning
assets less the rate paid on average enterprise interest-bearing liabilities, excluding corporate interest-earning
assets and liabilities and customer cash held by third parties.
Exchange-traded funds—A fund that invests in a group of securities and trades like an individual stock on
an exchange.
Fair value—The price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date.
Fair value hedge—A derivative instrument designated in a hedging relationship that mitigates exposure to
changes in the fair value of a recognized asset or liability or a firm commitment.
Fannie Mae—Federal National Mortgage Association.
FASB—Financial Accounting Standards Board.
FDIC—Federal Deposit Insurance Corporation.
FHLB—Federal Home Loan Bank.
FICO—Fair Isaac Credit Organization.
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