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ABBR,MEANING
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A-CVA,advanced credit valuation adjustment
ABoR,Administrative Board of Review
ABS,asset-backed security
ABSPP,asset-backed securities purchase programme
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ACH,Automated Clearing House
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AIF,alternative investment fund
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AIR,Assumed Interest Rate
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AMA,advanced measurement approach
AMC,asset management company
AML,anti-money laundering
APP,asset purchase programme
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APR,Annual Percentage Rate
APT,Asset Protection Trust
APY,Annual Percentage Yield
ARM,Adjustable Rate Mortgage
ATM,Automated Teller Machine
ATR,Ability to Repay
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CBN,Central Bank of Nigeria
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CD,Certificate of Deposit
DDA,Demand Deposit Account
DTI,Debt-to-Income
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EAD,exposure at default
EBITDA,earnings before interest, taxes, depreciation and amortisation
EBP,excess bond premium
EBPP,Electronic Bill Presentment and Payment
ECA,European Court of Auditors
ECAF,Eurosystem credit assessment framework
ECB,European Central Bank
ECCB,"Eastern Caribbean Central Bank (Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines)"
ECCU,Eastern Caribbean Currency Union
ECL,expected credit loss
ECOFIN,Economic and Financial Affairs Council
ECOWAS,"Economic Community of West African States (Benin, Burkina Faso, Cape Verde, Côte d’ Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, Togo)"
ECU,European Currency Unit
EDF,expected default frequency
EDI,Electronic Data Interchange
EDIS,European Deposit Insurance Scheme
EDP,excessive deficit procedure
EDW,European Data Warehouse
EEA,European Economic Area
EFSF,European Financial Stability Facility
EFSM,European Financial Stability Mechanism
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EFT,Electronic Funds Transfer
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EFTA,"European Free Trade Association (Iceland, Liechtenstein, Norway, Switzerland)"
EIB,European Investment Bank
EMU,"European Economic and Monetary Union (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia, Spain)"
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ETF,Exchange Traded Funds
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FATF,Financial Action Task Force on Money Laundering (of the OECD)
FDI,Foreign direct investment
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FDIC,Federal Deposit Insurance Corporation
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FEC,Foreign exchange certificate
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FED,Federal Reserve Bank
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FIU,Financial intelligence unit
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FOREX,Foreign Exchange
FRB,Federal Reserve Board
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FTA,Free trade agreement
G7,"Group of Seven advanced economies (Canada, France, Germany, Italy, Japan, United Kingdom, United States)"
GAFTA,Greater Arab Free Trade Agreement
GCC,"Gulf Cooperation Council (Cooperation Council for the Arab States of the Gulf; Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)"
GDP,Gross domestic product
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HELOC,Home Equity Line of Credit
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HIPC,Heavily Indebted Poor Countries
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HPML,High Priced Mortgage LoanHigh Priced Mortgage Loan
IAS,"International Accounting Standards, Internal Audit Service (European Commission), Investment Analysts Society of Southern Africa"
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IBRD,International Bank for Reconstruction and Development (World Bank)
IFRS,International Financial Reporting Standards
IMF,International Monetary Fund
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IRA,Individual Retirement Account
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LC,Letter of credit
LCR,Liquidity coverage ratio
LIBID,London interbank bid rate
LIBOR,London interbank offered rate
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LOI,Letter Of Intent
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LTD,Loan-to-deposit
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MBS,Mortgage-Backed Securities
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NPL,Non performing loans
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NSF,Non-Sufficient Funds
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SWIFT,Society for Worldwide Interbank Financial Telecommunication
VAT,Value-added tax
WAEMU,"West African Economic and Monetary Union (formerly WAMU; members of the BCEAO)"
WAMA,West African Monetary Agency (formerly WACH)
WAMZ,West African Monetary Zone