HSBC 2005 Annual Report Download - page 418

HSBC HOLDINGS PLC
Glossary (continued)
416
Abbreviations used Brief description
NA Nationally Chartered, a designation for certain categories of banks in the
US
NIM Net interest margin
NYSE New York Stock Exchange
OCC Office of the Comptroller of the Currency (US)
OCI Other comprehensive income
OFT Office of Fair Trading (UK)
OTC Over-the-counter dealing products
Patriot Act The US Patriot Act of October 2001
Performance shares Awards of HSBC Holdings ordinary shares under employee share plans
that are subject to corporate performance conditions
Pesification The mandatory and asymmetrical conversion of onshore US dollar-
denominated assets and liabilities in Argentina
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 19.9 per cent interest
PVBP Present value of a basis point
PVIF Present value of in-force long-term insurance business
QUEST HSBC’s Qualifying Employee Share Ownership Trust
REIT Real Estate Investment Trust
Repos Sale and repurchase transactions
Reverse repos Securities purchased under commitments to sell
RMB Renminbi, the currency of mainland China
SEC Securities and Exchange Commission (US)
SIC Standard Interpretations Committee (US)
Senior Management Group Managing Directors, Group General Managers and the Group
Company Secretary
SFAS Statement of Financial Accounting Standards (US)
Sinopia Sinopia Asset Management
SME Small and 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
The Act The Companies Act 1985 (UK)
The Amendment The Amendment to IAS 39 ‘Financial Instruments: Recognition and
Measurement: The Fair Value Option’
The Hongkong and Shanghai Banking
Corporation
The Hongkong and Shanghai Banking Corporation Limited, the founding
member of the HSBC Group
TSR Total shareholder return
TSR award TSR measure applied to half of the award of performance shares under
the HSBC Share Plan
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
VIE Variable interest entity
WHIRL Worldwide Household International Revolving Lending system
WTAS Wealth and Tax Advisory Services, Inc.