ABBREVIATIONS

ABF

–

Asian Bond Fund

BPLR

–

Benchmark Prime Lending

Rate

ABS

–

Asset-Backed Security

BPO

–

Business Process Outsourcing

ACD

–

Asia Cooperation Dialogue

BSE

–

The Bombay Stock Exchange

ACU

–

Additional Competitive

Limited

Underwriting

CAD

–

Current Account Deficit

ADR

–

American Depository Receipt

CAPM

–

Capital Assets Pricing Model

ADs

–

Authorised Dealers

CAS

–

Credit Authorisation Scheme

AFS

–

Available for Sale

CBLOs

–

Collateralised Borrowing and

AGL

–

Aggregate Gap Limit

Lending Obligations

AIBP

–

Accelerated Irrigation Benefit

CBO

–

Collateralised Bond Obligation

Programme

CCC

–

Credit Counseling Canada

AIFI

–

All-India Financial Institution

CCDM

–

Credit Counseling and Debt

ALD

–

Aggregate Liability to

Management

Depositors

CCIL

–

Clearing Corporation of India

ALM

–

Asset-Liability Management

Ltd.

AMC

–

Asset Management Company

CCP

–

Central Counter Party

AML

–

Anti-Money Laundering

CCS

–

Credit Counseling of Singapore

ARC

–

Asset Reconstruction Company

CDO

–

Collateralised Debt Obligation

ASEAN

–

Association of South East

CDR

–

Corporate Debt Restructuring

Asian Nations

CDs

–

Certificates of Deposits

ATM

–

Automated Teller Machine

CDS

–

Credit Default Swaps

BAHTNET

–

Bank of Thailand Automated

High Value Transfer Network

CENVAT

–

Central Value Added Tax

BCD

–

Bond, Currency and

CFMS

–

Centralised Funds

Derivatives

Management System

BCR

–

Bank Credit

CGS

–

Commonwealth Government

Securities

BE

–

Bills of Exchange

CIB

–

Capital Indexed Bond

BEX

–

Bond Electronic Exchange

CIBIL

–

Credit Information Bureau

BFS

–

Board for Financial Supervision

(India) Limited

BIDS

–

Bond Information and

CIP

–

Covered Interest Parity

Dissemination System

CLF

–

Collateralised Lending Facility

BIS

–

Bank for International

Settlements

CLN

–

Credit Linked Notes

BITs

–

Bilateral Investment Treaties

CLO

–

Collateralised Loan Obligations

BOJ NET

–

Bank of Japan NET

CP

–

Commercial Paper

CPI

–

Consumer Price Index

EMEAP

–

Executives’ Meeting of East

Asia Pacific Central Banks

CPI-IW

–

Consumer Price Index for

(Industrial Workers)

EMEs

–

Emerging Market Economies

CPSS

–

Committee on Payment and

EMU

–

European Monetary Union

Settlement Systems

ET

–

Exchange Traded

CPSUs

–

Central Public Sector

FAST

–

Fully Automated System for

Undertakings

Issuing /Tendering

CRAR

–

Capital to Risk-Weighted

FCA

–

Foreign Cureency Assets

Assets Ratio

FCAC

–

Fuller Capital Account

CRR

–

Cash Reserve Ratio

Convertibility

CRT

–

Credit Risk Transfer

FCCBs

–

Foreign Currency Convertible

CDSL

–

Central Depository Services

Bonds

(India) Limited

FCNR (A)

–

Foreign Currency Non-Resident

CSGL

–

Constituents’ Subsidiary

(Accounts)

General Ledger

FCNR (B)

–

Foreign Currency Non-Resident

CSO

–

Central Statistical Organisation

(Banks)

CSRC

–

Chinese Securities Regulatory

FDI

–

Foreign Direct Investment

Commission

FEDAI

–

Foreign Exchange Dealers’

CV

–

Coefficient of Variation

Association of India

DAD

–

Deposit Accounts Department

FEMA

–

Foreign Exchange

DCCB

–

District Central Cooperative

Management Act

Bank

FERA

–

Foreign Exchange Regulations

DFHI

–

Discount and Finance House of

Act

India

FESFBs

–

Foreign Exchange Stabilisation

DFI

–

Development Finance Institution

Fund Bonds

DMO

–

Debt Management Office

FFMCs

–

Full Fledged Money Changers

DRT

–

Debt Recovery Tribunal

FIDF

–

Financial Institutions

Development Fund

DTL

–

Demand and Time Liabilities

FIIs

–

Foreign Institutional Investors

DTTs

–

Double Taxation Treaties

FIMMDA

–

Fixed Income Money Market

DvP

–

Delivery versus Payment

and Derivatives Association of

ECB

–

European Central Bank

India

ECBs

–

External Commercial Borrowings

FMCG

–

Fast Moving Consumer Goods

ECS

–

Electronic Clearing Service

FIs

–

Financial Institutions

EEFC

–

Exchange Earners’ Foreign

FOMC

–

Federal Open Market Committee

Currency

FRAs

–

Forward Rate Agreements

EFP

–

External Finance Premium

FRBM Act

–

Fiscal Responsibility and

EFT

–

Electronic Fund Transfer

Budget Management Act

FRBs

–

Floating Rate Bonds

IMD

–

India Meteorological Department

FRL

–

Full Reservoir Level

IMDs

–

India Millennium Deposits

FRLs

–

Fiscal Responsibility

IMF

–

International Monetary Fund

Legislations

INFINET

–

Indian Financial Network

GATS

–

General Agreement on Trade

INR

–

Indian Rupees

and Services

IOC

–

Indian Oil Corporation

GCC

–

General Credit Card

IOMA

–

International Options Markets

GDCF

–

Gross Domestic Capital

Association

Formation

IOSCO

–

International Organisation of

GDP

–

Gross Domestic Product

Securities Commissions

GDR

–

Global Depository Receipt

IPAs

–

Issuing and Paying Agents

GDS

–

Gross Domestic Saving

IPF

–

Investor Protection Fund

GEMM

–

Gilt-Edged Market Makers

IPO

–

Initial Public Offer

GFD

–

Gross Fiscal Deficit

IRDA

–

Insurance Regulatory and

HFT

–

Held for Trading

Development Authority of

India

HPEC

–

High Powered Expert

Committee

IRFs

–

Interest Rate Futures

HTM

–

Held to Maturity

IRS

–

Interest Rate Swap

IAS

–

Integrated Accounting System

ISMA

–

International Securities Market

Association

IBA

–

Indian Banks’ Association

IT

–

Information Technology

IBPCs

–

Inter-Bank Participation

ITES

–

Information Technology

Certificates

Enabled Services

ICDs

–

Inter Corporate Deposits

JGBs

–

Japanese Government Bonds

IDBI

–

Industrial Development Bank of

JLG

–

Joint Liability Group

India

JSDA

–

Japanese Securities Dealers

IDR

–

Indian Depository Receipt

Association

IFC

–

International Finance

KCC

–

Kisan Credit Card

Corporation

KTBs

–

Korean Treasury Bonds

IFCI

–

Industrial Finance Corporation

of India

KYC

–

Know Your Customer

IIAs

–

International Investment

LAF

–

Liquidity Adjustment Facility

Agreements

LERMS

–

Liberalised Exchange Rate

IIBI

–

Industrial Investment Bank of

Management System

India

LIBOR

–

London Inter-Bank Offered

IIP

–

Index of Industrial Production

Rate

LIC

–

Life Insurance Corporation

ILAF

–

Interim Liquidity Adjustment

Facility

LOLR

–

Lender of Last Resort

LOOP

–

Law of One Price

NASSD

–

National Association of

Software and Services

LPA

–

Long Period Average

Department

LPG

–

Liquefied Petroleum Gas

NBC

–

Net Bank Credit

LTCCS

–

Long Term Cooperative Credit

NBFCs

–

Non-Banking Financial

Structure

Companies

LTO

–

Long-Term Operations

NCAER

–

National Council for Applied

–

Broad Money

Economic Research

M3

MAS

–

Monetary Authority of

NCCF

–

National Calamity Contingency

Singapore

Fund

MBS

–

Mortgage Backed Securities

NCDs

–

Negotiable Certificates of

Deposits

MCAP

–

Market Capitalisation

NDA

–

Net Domestic Assets

MCI

–

Monetary Conditions Index

NDF

–

Non Deliverable Forward

MFI

–

Micro Finance Institution

NDS

–

Negotiated Dealing System

MGSs

–

Malaysian Government

Securities

NDS-OM

–

Negotiated Dealing System-

Order Matching

MIBOR

–

Mumbai Inter-Bank Offered Rate

NDTL

–

Net Demand and Time

MIFOR

–

Mumbai Inter-bank Forward

Liabilities

Offered Rate

NEAT

–

National Exchange for

MME

–

Mature Market Economies

Automated Trading

MMIs

–

Money Market Instruments

NEER

–

Nominal Effective Exchange

MMMFs

–

Money Market Mutual Funds

Rate

MNSB

–

Multilateral Net Settlement Batch

NFA

–

Net Foreign Assets

MoU

–

Memorandum of Understanding

NFC

–

Non-Food Credit

MPBF

–

Maximum Permissible Bank

NGO

–

Non-Government Organisation

Finance

NOF

–

Net Owned Funds

MSS

–

Market Stabilisation Scheme

NPAs

–

Non-Performing Assets

MTM

–

Mark to Market

NPL

–

Non-Performing Loan

MUC

–

Minimum Underwriting

NRE

–

Non-Resident External

Commitment

NRIs

–

Non-Resident Indians

NABARD

–

National Bank for Agriculture

NSDL

–

National Securities Depository

and Rural Development

Limited

NASDAQ

–

National Association of

NSE

–

National Stock Exchange of

Securities Dealers Automated

India Limited

Quotation System

NSS

–

National Settlement System

NASSCOM

–

National Association of Software

and Services

NSSF

–

National Small Savings Fund

NSSO

–

National Sample Survey

RD

–

Revenue Deficit

Organisation

REER

–

Real Effective Exchange Rate

NTR

–

Non-tax Revenues

RIBs

–

Resurgent India Bonds

OD

–

Overdrafts

RIDF

–

Rural Infrastructure

ODA

–

Official Development

Development Fund

Assistance

RIP

–

Real Interest Parity

OECD

–

Organisation for Economic

RITS

–

Reserve Bank Information and

Cooperation and Development

Transfer Systems

OIS

–

Overnight Index Swap

RMDS

–

Reuters Markets Data System

OLS

–

Ordinary Least Square

RNBCs

–

Residuary Non-Banking

OMOs

–

Open Market Operations

Companies

OPEC

–

Organisation of the Petroleum

RRBs

–

Regional Rural Banks

Exporting Countries

RTGS

–

Real Time Gross Settlement

OTC

–

Over-the-Counter

RTP

–

Reserve Tranche Position

OTCEI

–

Over-the-Counter Exchange of

SAARC

–

South Asian Association for

India

Regional Cooperation

OWS

–

Other Welfare Schemes

SACP

–

Special Agricultural Credit Plan

P&L

–

Profit & Loss

SARFAESI

–

Securitisation and Reconstruction

PACS

–

Primary Agricultural Credit

of Financial Assets

and

Society

Enforcement of Security Interest

PCARDB

–

Primary Cooperative and

SC(R)A

–

Securities Contract (Regulations)

Agriculture Rural Development

Act, 1956

Bank

SCARDB

–

State Co-operative Agricultural

PCs

–

Participation Certificates

and Rural Development Bank

PD

–

Primary Deficit

SCB

–

State Co-operative Bank

PDAI

–

Primary Dealers’ Association of

SCBs

–

Scheduled Commercial Banks

India

SDDS

–

Special Data Dissemination

PDO

–

Public Debt Office

Standards

PDs

–

Primary Dealers

SDLs

–

State Development Loans

PIO

–

Persons of Indian Origin

SDs

–

Satellite Dealers

PLF

–

Plant Load Factor

SEACEN

–

South East Asian Central Banks

PLR

–

Prime Lending Rate

SEANZA

–

South East Asia, New Zealand

PPP

–

Purchasing Power Parity

and Australia

PSCFC

–

Post Shipment Credit

SEBI

–

Securities and Exchange Board

denominated in Foreign Currency

of India

PSU

–

Public Sector Undertaking

SFC

–

State Financial Corporation

PTC

–

Pass-Through Certificate

SGF

–

Settlement Guarantee Fund

SGL

–

Subsidiary General Ledger

TOR

–

Turnover Ratio

SHCIL

–

Stock Holding Corporation of

TPDS

–

Targeted Public Distribution

India Limited

System

SHG

–

Self Help Group

TRS

–

Total Return Swap

SIDBI

–

Small Industries Development

UCBs

–

Urban Co-operative Banks

Bank of India

UIP

–

Uncovered Interest Parity

SLR

–

Statutory Liquidity Ratio

UK

–

United Kingdom

SME

–

Small and Medium

US

–

United States

Enterprises

USAID

–

United States Agency for

SPV

–

Special Purpose Vehicle

International Development

SR

–

Security Receipt

UTI

–

Unit Trust of India

SROs

–

Self Regulatory Organisations

VAR

–

Vector Auto Regression

SRS

–

System Requirement Study

VaR

–

Value at Risk

SSI

–

Small Scale Industries

VCF

–

Venture Capital Fund

STCCS

–

Short-Term Co-operative

VSAT

–

Very Small Aperture Terminal

Credit Structure

VTR

–

Value Traded Ratio

STCI

–

Securities Trading Corporation

WADR

–

Weighted Average Discount

of India

Rate

STP

–

Straight Through Processing

WDM

–

Wholesale Debt Market

STRIPS

–

Separate Trading of Registered

WI

–

When Issued

Interest and Principal of

WMA

–

Ways and Means Advances

Securities

WOS

–

Wholly Owned Subsidiaries

STT

–

Securities Transactions Tax

WPI

–

Wholesale Price Index

TAC

–

Technical Advisory Committee

WSS

–

Weekly Statistical Supplement

TDS

–

Tax Deducted at Source

WTO

–

World Trade Organisation

TFC

–

Twelfth Finance Commission

YTM

–

Yield to Maturity

TIPS

–

Treasury Inflation Protected

Securities

ZCBs

–

Zero Coupon Bonds