Finance Abbreviations

ABL: Allied Bank Limited ACAC: Agriculture Credit Advisory Committee ACBL: Askari Commercial Bank Limited ACU: Asian Clearing Unit Ads: Authorized Dealers ADB: Asian Development Bank ADBP: Agriculture Development Bank of Pakistan (Now ZTBL) ADD: Authorized Derivatives Dealer ADFC: Agricultural Developmental Finance Corporation AGM: Annual General Meeting ALCO: Asset-Liability Management Committee ALM: Asset - Liability Management AML: Anti Money Laundering AMU: Asian Monetary Unit AOF: Account opening form AOA: Articles of Association APGML: Asia-Pacific Group on Money Laundering ARM: Adjustable Rate Mortgages ATM: Automated Teller Machine BAFL: Bank Al Falah Limited BBA: Basic Banking Account BBFS: Borrowers Basic Fact Sheet BCBS: Basel Committee on Banking Supervision BCP: Business Contingency Plan BCO: Banking Companies Ordinance B/E: Bill of Exchange BEL: Bankers Equity Limited B/L: Bill of Lading BLCO: Branch Line Compliance Officer BM: Branch Manager BMR: Balancing, Modernization and Replacement BOD: Board of Directors BOI: Board of Investment BOP: Balance of Payment BOT: Balance of Trade BSC: Banking Services Corporation BV: Book Value CAELS: Capital, Assets Quality, Earnings, Liquidity and Sensitivity CAMELS-S: Capital, Assets Quality, Management, Earning, Liquidity, Sensitivity and Systems & Controls CAD: Credit Administration Department CAD: Cash Against Documents CAF: Cost And Freight C & F: Cost and Freight CAR: Capital Adequacy Ratio

CB: Commercial Bank CBR: Central Board of Revenue CD: Certificate of Deposit CDC: Central Depository Company (of Pakistan Limited) CDD: Customer Due Diligence CDNS: Central Directorate of National Savings CEO: Chief Executive Officer CFS: Continuous Funding System CFT: Combating the Financing of Terrorism C & I: Cost and Insurance CIB: Credit Information Bureau CIF: Cost, Insurance and Freight CIRC: Corporate and Industrial Restructuring Corporation COD: Certificate of Deposit COD: Cash On Delivery COIs: Certificates of Investment COT: Carry Over Transactions CPD: Consumer Protection Department CPI: Consumer Price Index CRCP: Consumer Rights Commission of Pakistan CRF: Committee on Rural Finance CRSIU: Committee for Revival of Sick Industrial Units CRM: Customer Relationship Manager CRO: Customer Relationship Officer CSEs: Customer Service Executives CSM: Customer Service Manager CSO: Customer Service Officer CVT: Capital Value Tax CY: Calendar Year DAC: Disbursement Authorization Certificate DAP: Documents against payment DD: Demand Draft DFI: Development Finance Institution DFSD: Development Finance Support Department DIS: Deposit Insurance System DPD: Days Past Due DRP: Disaster Recovery Plan DSC: Defense Saving Certificates EBIT: Earning Before Interest and Taxes eCIB: Electronic Credit Information Bureau ECNEC: Executive Committee of the National Economic Council EES: Employee Engagement Survey EFS: Export Finance Scheme EFT: Electronic Funds Transfer EOBI: Employees Old Age Benefit Institution EOL: Excess Over Limit EPF: Equity Participation Fund EPZA: Export Processing Zones Authority FATF: Financial Action Task Force

FAQ: Frequently Asked Questions FB: Foreign Bank FBR: Federal Board of Revenue FDBR: Financial Derivatives Business Regulations FDI: Foreign Direct Investment FEEL: Foreign Exchange Exposure Limit FIs: Financial Institutions FIB: Federal Investment Bond FMU: Financial Monitoring Unit FOB: Free on Board FOBC: Foreign Outward Bill for Collection FPCCI: Federation of Pakistan Chamber of Commerce & Industry FRA: Forward Rate Agreement FSAP: Financial Sector Assessment Program FSV: Forced Sale Value Forex: Foreign Exchange FWBL: First Women Bank Limited FX: Foreign Exchange FY: Fiscal Year GATT: General Agreement on Tariffs and Trade GBP: Great Britain Pound GDDS: General Data Dissemination System GDP: Gross Domestic Product GFCF: Gross Fixed Capital Formation GL: General Ledger GNP: Gross National Product GST: General Sales Tax HBL: Habib Bank Limited HBFC: House Building Finance Corporation HSBC: Hong Kong Shanghai Banking Corporation IADI: International Association of Deposit Insurers IAIB: International Association of Islamic Banks IAIS: International Association of Insurance Supervisors IASC: International Accounting Standards Committee IASs: International Accounting Standards IBC: Inward Bill For Collection IBD: Islamic Banking Department IBI: Islamic Banking Institution IBP: Institute of Bankers Pakistan (The Institute of Bankers Pakistan) ICP: Investment Corporation of Pakistan IDB: Islamic Development Bank IDBP: Industrial Development Bank of Pakistan IFB: Invitation for Bids IMF: International Monetary Fund IOM: Inter Office Memorandum IOU: I owe you IPOs: Initial Public Offerings IRAF: Institutional Risk Assessment Framework IRB: Internal Ratings Based

IRS: Interest Rate Swap ISE: Islamabad Stock Exchange JCRA: Japan Credit Rating Agency KASB: Khadum Ali Shah Bukhari KIBOR: Karachi Inter-bank Offered Rate KRI: Key Risk Indicators KSE: Karachi Stock Exchange KYC: Know Your Customer LAF: Loan Application Form LC: Letter of Credit LCAC: Local Credit Advisory Committee LDCs: Least Developed Countries LG: Letter of Guarantee LIBOR: London Inter-bank Offered Rate LPB: Local Private Bank LSE: Lahore Stock Exchange LSM: Large Scale Manufacturing LTFF: Long Term Financing Facility LTF-EOP: Long Term Financing for the Export Oriented Projects MCB: Muslim Commercial Bank (Now MCB Bank Ltd.) MCR: Minimum Capital Requirement MFB: Micro Finance Bank MOA: Memorandum of Association MT: Mail Transfer MTB: Market Treasury Bill NBFC: Non-Banking Finance Company NBP: National Bank Of Pakistan NCCC: National Credit Consultative Council NDLC: National Development Leasing Corporation NFC: National Finance Corporation NIBAF: National Institute of Banking and Finance NIM: Net Interest Margin NIRC: National Industrial Relations Commission NIT: National Investment Trust NMI: Non Market Maker Financial Institution NNP: Net National Product NOP: Net Open Position NPF: Non Performing Finance NPL: Non Performing Loan NSC: National Saving Certificates NSC: National Saving Centre NSS: National Savings Schemes OBC: Outward Bill for collection OD: Overdraft OECD: Organization for Economic Co-operation and Development OGRA: Oil & Gas Regulatory Authority OIC: Organization of Islamic Conference OMO: Open Market Operations OTC: Over the Counter

PACRA: Pakistan Credit Rating Agency PAYE: Pay as you earn PBA: Pakistan Banks Association. PCC: Price Check Committee PEPs: Politically Exposed Persons. PIBs: Pakistan Investment Bonds PICIC: Pakistan Industrial Credit and Investment Corporation PIDC: Pakistan Industrial Developmental Corporation PIDE: Pakistan Institute of Development Economics PIU: Produce Index Units PLS: Profit & Loss Sharing PIN: Personal Identification Number POS terminal: Point on Sale Terminal PPCBL: Punjab Provincial Cooperative Bank Limited PR: Prudential Regulation PRGF: Poverty Reduction & Growth Facility PSCB: Public Sector Commercial Bank PSE: Public Sector Enterprise PSUs: Public Sector Undertakings PTC: Participation Term Certificate QAU: Quality Assurance Unit Repo: Re-purchase Agreement RMMM: Risk Mitigation, Monitoring & Management ROA: Return on Assets ROE: Return on Equity RSA: Rate Sensitive Asset RSL: Rate Sensitive Liability RTC: Rupee Travelers Cheque. RTGS: Real Time Gross Settlement RWA: Risk Weighted Assets SA: Shariah Advisor SAEU: South Asian Economic Union SAFTA: South Asia Free Trade Area SAPTA: South Asia Preferential Trading Agreement SB: Specialized Bank SBP: State Bank of Pakistan SBLC: Stand by LC SCB: Standard Chartered Bank SCRA: Special Convertible Rupee Account SDR: Special drawing rights SECP: Securities and Exchange Commission of Pakistan SME: Small and Medium Enterprise SPI: Sensitive Price Index SSC: Special Savings Certificates SSI: Social Security Institution STR: Suspicious Transaction Report SWIFT: Society for World-wide Interbank Financial Telecommunication TB: Trial balance T-Bill: Treasury Bill

TD: Time Deposit TDR: Term Deposit Receipt TFC: Term Finance Certificate TOR: Terms of Reference TRIPS: Trade Related Aspects of Intellectual Property Rights TPR: Trade Policy Review TT: Telegraphic Transfer UBL: United Bank Limited UNO: United Nations Organization USD: United States Dollar ($) VAR: Value at risk VAT: Value Added Tax WB: World Bank WEBCOP: Workers & Employers Bilateral Council of Pakistan WPI: Wholesale Price Index WPPF: Workers Profit Participation Fund WTO: World Trade Organization WWF: Workers Welfare Fund YoY: Year on Year YTD: Year to Date ZTBL: Zarai Tarqiati Bank Limited
NIFT: National Institutional Facilitation Technologies (Pvt. Limited) CCTV: Closed Circuit Television BCP is used in following two meanings: BCP: Business Continuity Plan BCP: Business Contingency Plan But the most acceptable abbrv: is Business Continuity Plan PMS: Performance Management System RF: Runing Finance DF: Demand Finance CF: Cash Finance RM: Relationship Manager AFS: Available for Sale ADR: Advances to Deposit Ratio BIA: Basic Indicator Approach (Covered in Basel) Bps: Basis Points CCF: Credit Conversion Factor CCS: Cross Country Swaps CDR: Credit to Deposit Ratio CRR: Cash Reserve Requirement ERF: Export Refinance EURIBOR: Euro Interbank Offered Rates EXR: Exchange Rates FDBR: Financial Derivative Business Regulations FDR: Financing to Deposit Ratio

HTM: Held-to-Maturity IB: Islamic Bank LoLR: Lender of Last Resort LR: Lending Rates PKR: Pak Rupee QoQ: Quarter on Quarter QPR: Quarterly Performance Review QRC: Quarterly Report of Condition SA: Standardized approach (Covered in Basel) SLR: Statutory Liquidity Requirement __________________ FATR: Finance Against Trust Receipt FAPC: Finance Against Packing Credit FBD: Foreign Bill Discounted FBP: Foreign Bill Purchased FIM: Finance Against Imported Merchandise FSV, forced sale value CIB, Credit information Bureau TT, Telegraphic Transfer MT, Money Transfer PBA, Pakistan banking Association RTc, Rupee Travellers Chaque STR, Short term Receipt STR also stands for "suspicious transaction report".