eTrade 2012 Annual Report Download - page 98

FSA—United Kingdom Financial Services Authority.
Generally Accepted Accounting Principles (“GAAP”)—Accounting principles generally accepted in the
United States of America.
Ginnie Mae—Government National Mortgage Association.
Gross loans receivable—Includes unpaid principal balances and premiums (discounts).
IFRS—International Financial Reporting Standards.
Interest rate cap—An options contract that puts an upper limit on a floating exchange rate. The writer of the
cap has to pay the holder of the cap the difference between the floating rate and the upper limit when that upper
limit is breached. There is usually a premium paid by the buyer of such a contract.
Interest rate floor—An options contract that puts a lower limit on a floating exchange rate. The writer of
the floor has to pay the holder of the floor the difference between the floating rate and the lower limit when that
lower limit is breached. There is usually a premium paid by the buyer of such a contract.
Interest rate swaps—Contracts that are entered into primarily as an asset/liability management strategy to
reduce interest rate risk. Interest rate swap contracts are exchanges of interest rate payments, such as fixed-rate
payments for floating-rate payments, based on notional principal amounts.
LIBOR—London Interbank Offered Rate. LIBOR is the interest rate at which banks borrow funds from
other banks in the London wholesale money market (or interbank market).
Long-term investor—The customer group that includes those who invest for the long term.
LTV—Loan-to-value.
NASAA—North American Securities Administrators Association.
NASDAQ—National Association of Securities Dealers Automated Quotations.
Net new customer asset flows—The total inflows to all new and existing customer accounts less total
outflows from all closed and existing customer accounts, excluding the effects of market movements in the value
of customer assets.
NOLs—Net operating losses.
Nonperforming assets—Assets that do not earn income, including those originally acquired to earn income
(nonperforming loans) and those not intended to earn income (REO). Loans are classified as nonperforming
when they are no longer accruing interest, which includes loans that are 90 days and greater past due, TDRs that
are on nonaccrual status for all classes of loans and certain junior liens that have a delinquent senior lien.
Notional amount—The specified dollar amount underlying a derivative on which the calculated payments
are based.
NYSE—New York Stock Exchange.
OCC—Office of the Comptroller of the Currency.
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