HSBC 2004 Annual Report Download - page 371

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369
Abbreviations used Brief description
NYSE New York Stock Exchange
OCC Office of the Comptroller of the Currency (US)
OCI Other comprehensive income
Patriot Act The USA Patriot Act of October 2001
Pesification The mandatory and asymmetrical conversion of onshore US dollar
denominated assets and liabilities in Argentina
PFIC Passive foreign investment company
PFS HSBC’ s Personal Financial Services customer group
Ping An Insurance Ping An Insurance Company of China Limited, the second-largest life
insurer in the PRC, in which HSBC holds a 10 per cent stake
PVBP Present value of a basis point
QUEST HSBC’ s Qualifying Employee Share Ownership Trust
Repos Sale and repurchase transactions
SARS Severe acute respiratory syndrome
SAYE Save As You Earn
SEC Securities and Exchange Commission (US)
SEE Social, ethical and environmental
SFAS Statement of Financial Accounting Standards (US)
Sinopia Sinopia Asset Management
SME Small to medium-sized enterprise
SOP Statement of Position issued by the AICPA (US)
SORP Statement of Recommended Accounting Practice issued by the BBA
(UK)
SPE Special purpose entity
SSAP Statement of Standard Accounting Practice (UK)
The Act The Companies Act 1985 (UK)
The Hongkong and Shanghai Banking
Corporation
The Hongkong and Shanghai Banking Corporation Limited, the founding
member of the HSBC Group
The Securities and Futures Ordinance The Securities and Futures Ordinance of Hong Kong (Chapter 571)
TRIP Tax Reduction Investment Plan
TSR Total shareholder return
UITF Urgent Issues Task Force (UK)
UK United Kingdom
UK GAAP UK Generally Accepted Accounting Principles
Units 8.875 per cent adjustable convertible rate equity security units issued by
HSBC Finance Corporation
US United States of America
US GAAP US Generally Accepted Accounting Principles
VAR Value at risk
VCV Variance co-variance methodology for computing trading VAR.
VIEs Variable interest entities
WHIRL Worldwide Household International Revolving Lending system
WTAS Wealth and Tax Advisory Services