Banking Acronyms

Prepared by
Md.Emran Hossain Bhuiyan
Prime Bank Limited
Comilla Branch
Cell: 01818_227867
Sl
No

Acronym

Elaboration

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AA
ABB
ABB
ABP
ACU
AD
ADB
AID
AML
AMU
APEC
APG
ARV
ASEAN
ATI
AWB
BAB
BACH
BACPS
BAFEDA
BARVIDA

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30
31
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35
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BARD
BAS
BB
BC
BCD
BCD
BCO
BEFTN
BEPZA
BG
BGMEA
BIBM
BIS
BKE
BKMEA
BL
BLC
BMRE

Article of Association
Association of Bankers, Bangladesh
Any Branch Banking
Accepted Bill for Payment
Asian Clearing Union
Authorized Dealer
Asian Development Bank
Agency for International Development
Anti Money Laundering
Asian Monetary Unit
Asia Pacific Economic Cooperation
Advance Payment Guarantee
Advance Receipt Voucher
Association of South East Asian Nations
Advance Income Tax
Airway Bill
Bangladesh Association of Banks
Bangladesh Automated Clearing House
Bangladesh Automated Cheque Processing System
Bangladesh Foreign Exchange Dealers Association
Bangladesh Reconditioned Vehicle Importers and Dealers
Association
Bangladesh Academy for Rural Development
Bangladesh Accounting Standard
Bangladesh Bank
Bills for Collection
Branch Control Division (Scheduled Bank)
Banking Control Department (BB)
Branch Compliance Officer
Bangladesh Electronic Fund Transfer Network
Bangladesh Export Processing Zones Association
Bank Guarantee
Bangladesh Garment Manufacturers and Exporters Association
Bangladesh Institute of Bank Management
Bank for International Settlement
Bilateral Key Exchange
Bangladesh Knitwear Manufacturers and Exporters Association
Bill of Lading
Bill Against Letter of Credit
Balancing, Modernization, Rehabilitation and Expansion

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50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70

BoE
BoP
BRDB
BRPD
BSCIC
BTMA
CAB
CAD
CAMELS
CAMLCO
CASA
CBS
CCC
CCI&E
CCU
CCU
CDBL
CDF
CFT
CI
CIB
CIP
CO
COB
COD
COGS
CP
CPI
CR
CRG
SUP

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76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91

GD
ACCPT
MG/WL
SM
SS
DF
BL
CRISL
CRR
CS
CSE
CSR
CTR
C&F
DA
DCFCL
DCR
DEPZ
DIBOR
DMB
DP

Bill of Entry
Balance of Payment
Bangladesh Rural Development Board
Banking Regulatory and Policy Department
Bangladesh Small and Cottage Industries Corporation
Bangladesh Textile Mills Association
Consumers Association of Bangladesh
Cash Against Documents
Capital, Asset, Management, Earnings, Liquidity & Sensitivity
Chief Anti Money Laundering Compliance Officer
Current Account, Savings Account
Core Banking Software
Centralized Clearing Cell
Chief Controller of Import and Export
Central Compliance Unit
Credit Collection Unit
Central Depository Bangladesh Limited
Credit Development Forum
Combating Financing of Terrorism
Commercial Invoice
Credit Information Bureau
Commercially Important Person
Certificate of Origin
Completion/Close of Business
Cash Over Delivery
Cost of Good Sold
Clearance Permit
Consumer Price Index
Courier Receipt
Credit Risk Grading
Superior (100% cash covered, govt guarantee, international bank
guarantee)
Good ( 85+)
Acceptable (75-84)
Marginal/Watch List (65-74)
Special Mention (55-64)
Sub-standard (45-54)
Doubtful (35-44)
Bad & Loss (<35)
Credit Rating and Information Services Ltd
Cash Reserve Ratio/Requirement
Cadestral Survey
Chittagong Stock Exchange
Corporate Social Responsibility
Cash Transaction Report (Above Tk 700,000/= Report to BB)
Clearing and Forwarding
Document Against Acceptance
Deparmental Control Function Check List
Duplicate Curbon Receipt
Dhaka Export Processing Zone
Dhaka Inter Bank Offering Rate
Deposit Money Bank
Document Against Payment

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114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
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144

DP
DP
DP LC
DP Note
DSE
EBIT
EC
ECB
ECC
ECG
EDF
EDSP
EFT
EMI
EPB
EPF
EPR
EPRC
EPS
EPZ
ERC
ERM
ERQ
ESCAP
EU
EXP Form
FATF
FIC
ETP
FBC
FBCCI
FBP
FBPN
FCA
FCAD
FCC
FCMD
FCR
FDBP
FDD
FERA
FET
FIN
FIU
FMJ
FTT
FY
GB
GB
GDP
GFET
GNP

Deferred Payment
Drawing Power
Deferred Payment Letter of Credit
Demand Promissory Note
Dhaka Stock Exchange
Earning Before Interest and Tax
European Commission
European Central Bank
Export Cash Credit
Export Credit Guarantee
Export Development Fund
Export Development Strategy Paper
Electronic Fund Transfer
Equal Monthly Installment
Export Promotion Bureau
Export Promotion Fund
Export Payment Risk
Export Proceed Realization Certificate
Earning Per Share
Export Processing Zone
Export Registration Certificate
Environment Risk Management
Exporters Retention Quota Account
Economic and Social Commission for Asia and the Pacific
European Union
Export Form
Financial Action Task Force
Factory Inspection Certificate
Effluent Treatment Plants
Foreign Bill for Collection
Federation of Bangladesh Chambers of Commerce and Industry
Foreign Bill Purchased
Foreign Bill Purchase Negotiation
Foreign Currency Account
Foreign Currency Account Dollar
Foreign Correspondents Charge
Foreign Currency Management Division
Forwarders Cargo Receipt
Foreign Documentary Bill Purchase
Foreign Demand Draft
Foreign Exchange Regulation Act
Foreign Exchange Transaction
Financial Index Number
Financial Intelligence Unit
Foreign Money and Jewellery
Foreign Telegraphic Transfer
Fiscal Year (July to June)
General Banking
Government Bank
Gross Domestic Product
Guideline for Foreign Exchange Transaction
Gross National Product

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162

GSP
STR
HS Code
IBC
IBCA
IBDA
IBP
IC
ICB
ICC
IFI
IFRMS
IGO
IGPA
IMF
INCOTERMS
EXW
FCA

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CPT
CIP

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191
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DAT
DAP
DDP
FAS
FOB
CFR
CIF
IP
IPO
IPO
IRC
IRDP
IRITT
IRR
ISBP
ITC
KYB
KYC
LBC
LCAF
LCMD
LIBOR
LIM
LPF
LRA
MA
LTR
MANCOM
MBID
MFIS
MICR

Generalized System of Preference

Suspicious Transaction Report (Report to CCU of HO)
Harmonized System of Code (8 digit)
Inward Bill for Collection
Inter Branch Credit Advice
Inter Branch Debit Advice
Inland Bill Purchase
Inspection Certificate
Investment Corporation of Bangladesh
International Chamber of Commerce
International Financial Institution
Instant Financial Reconciliation and Managing System
Intergovernment Organization
Irrevocable General Power of Attorney
International Monetary Fund
International Commercial Terms
Ex Works (at seller premises)
Free Carrier (seller handovers the good into the custody of first
carrier)
Carriage Paid to (seller pays for carriage deliver to first carriage)
Carriage and Insurance Paid (seller pays for carriage and insurance,
deliver to first carriage)
Delivered at Terminal(pays only to terminal except clearance cost)
Delivered at Place(pay only to named place except clearance cost)
Delivered Duty Paid(to the country of import, including all cost)
Free Alongside Ship (place good alongside the ship at port)
Free on Board (load the goods on board)
Cost and Freight(pays cost and freight to the port of destination)
Cost, Insurance and Freight(CIF plus insurance)
Import Permit
Initial Public Offering
Import Policy and Order
Import Registration Certificate
Integrated Rural Development Project
International Rules for the Interpretation of Trade Terms
Internal Rate of Return
International Standard Banking Practice
Import Trade Control
Know Your Business
Know Your Customer
Local Bill for Collection
Letter of Credit Authorization Form
Local Currency Management Division
London Inter Bank Offering Rate
Loan Against Import Merchandise
Loan Presentation Form
Lending Risk Analysis
Memorandum of Association
Loan Against Trust Receipt
Management Committee
Merchant Banking and Investment Division
Micro Finance Institution of Bangladesh
Magnetic Ink Character Recognition

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MIS
MoU
MT
MTMF
NAFTA
NASDAQ

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225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
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247

NBFI
NBR
NCBs
NCCT
NEC
NFCD
NGO
NI Act
NII
NIM
NOP
NOSTRO
NPA
NPL
NTB
OBC
OBU
OMC
OPEC
OTC Market
OVI
PAD
PBM
PC
PCB
PCC
PD
PEL
PEP
PG
PI
PKI
PLSP
POS
PPA
PPG
PR
PRC
PSC
PSC
PSI
PSP
PV
RFCD
RJSC
RMA

Management Information System

Memorandum of Understanding
Mail Transfer
Medium Term Macro Economic Framework
North American Free Trade Agreement
National Association of Securities Dealer Automated Quotation
System
Non Banking Financial Institution
National Board of Revenue
Nationalised Commercial Banks
Non Cooperative Countries Territory
Non Encumbrance Certificate
Non Resident Foreign Currency Deposit Account
Non Government Organization
Negotiable Instrument Act
Net Interest Income
Net Interest Margin
Net Open Position
Our Account With You
Non Performing Asset
Non Performing Loan
Non Tariff Trade Barrier
Outward Bill for Collection
Offshore Banking Unit
Overseas Medical Coverage
Organisation of Petroleum Exporting Countries
Over The Counter Market
Optically Variable Ink
Payment Against Document
Participating Bank Module
Packing Credit
Private Commercial Bank
Packing Cash Credit
Primary Dealer
Prudential Exposure Limit
Politically Exposed Person (always foreigner)
Payment Guarantee
Proforma Invoice
Public Key Infrastructure
Profit Loss Sharing Principle
Point of Sale
People Personal Accident
Product Program Guideline
Postal Receipt
Performance Registration Certificate
Pre Shipment Credit
Pre Shipment Cash Credit
Pre Shipment Inspection Certificate
Profit Sharing Principle
Present Value
Resident Foreign Currency Deposit Account
Registrar of Joint Stock Companies and Firms
Relationship Management Application

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282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300

RMG
RMS
ROA
ROD
ROE
RoI
RoR
RS
RWA
RWR
SA
SAARC
SAFTA
SAPTA
SBS
SCBs
SCEL
SDR
SDR
SDS
SEC
SEM
SISO
SLR
SMA
SME
SND
SOD
SOP
SRI
SRR
SSI
STA
SWIFT
SWOT/SLOT
TC
TIN
TM Form
TR
TT
UAT
UCPDC
UNCTAD
UPAS
URC
URDG
URR
UV Detector
VAT
VOSTRO
WB
IBRD
ICSID

Readymade Garments
Remittance Management System
Return on Asset
Rights Share Offering Document
Return on Equity
Return on Investment
Right of Refusal
Revisional Survey
Risk Weighted Assets
Railway Receipt
State Acquisition
South Asian Association for Regional Co-operation
South Asian Free Trade Area
SAARC Preferential Trading Arrangement
Sectoral Balance Sheet/Scheduled Bank Statistics
State Owned Commercial Banks
Single Customer Exposure Limit
Security Deposit Receipt
Special Drawing Right
Special Deposit Scheme
Securities and Exchange Commission
Secondary Exchange Market
Safe In, Safe Out
Statutory Liquidity Ratio
Special Mention Account
Small and Medium Enterprises
Short Notice Deposit
Secured Over Draft
Standard Operating Procedure
Social Responsible Investment
Statutory Reserve Ratio
Standard Settlement Instruction
Special Trade Arrangement
Society for Worldwide Inter Bank Financial Telecommunication
Strengths, Weaknesses/Limitations, Opportunities and Threats
Travelers Cheque
Tax Identification Number
Travel and Miscellaneous Form
Trust Receipt
Telegraphic Transfer
User Acceptance Test
Uniform Customs and Practice for Documentary Credit
United Nations Conference on Trade and Development
Usage Payment at Sight
Uniform Rules for Collection
Uniform Rules for Demand Guarantee
Uniform Rules for Bank to Bank Reimbursement
Ultra violate Detector
Value Added Tax
Your Account With Us
World Bank
International Bank for Reconstruction and Development
International Centre for Settlement of Investment Disputes

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IDA
IFC
MIGA
WEDB
WTO
WTP

International Development Association

International Finance Corporation
Multilateral Investment Guarantee Agency
Wage Earners Development Board
World Trade Organisation
Water Treatment Plant