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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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Source: CSS Forum

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