eTrade 2011 Annual Report Download - page 89

Bank—ETB Holdings, Inc. (“ETBH”), the entity that is our bank holding company and parent to E*TRADE
Bank.
Basis point—One one-hundredth of a percentage point.
BCBS—International Basel Committee on Banking Supervision.
BOLI—Bank-Owned Life Insurance.
CAMELS rating—A U.S. supervisory rating of a bank’s overall condition. The components of the rating
consist of Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk.
Cash flow hedge—A derivative instrument designated in a hedging relationship that mitigates exposure to
variability in expected future cash flows attributable to a particular risk.
CFPB—Consumer Financial Protection Bureau.
Charge-off—The result of removing a loan or portion of a loan from an entity’s balance sheet because the
loan is considered to be uncollectible.
CLTV—Combined loan-to-value.
CMOs—Collateralized mortgage obligations.
Corporate cash—Cash held at the parent company as well as cash held in certain subsidiaries that can
distribute cash to the parent company without any regulatory approval.
Customer assets—Market value of all customer assets held by the Company including security holdings,
customer cash and deposits and vested unexercised options.
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.
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 the 2017 Notes and $0.4 billion principal amount of the
2011 Notes, for an equal principal amount of newly-issued non-interest-bearing convertible debentures due 2019.
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.
DIF—Deposit Insurance Fund.
Enterprise interest-bearing liabilities—Liabilities such as customer deposits, repurchase agreements, FHLB
advances and other borrowings, certain customer credit balances and securities loaned 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 securities, held-to-maturity securities, margin receivables, trading securities,
securities borrowed balances and cash and investments required to be segregated under regulatory guidelines that
earn interest for the Company.
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