Glossary

Secured Overnight Financing Rate (SOFR)

AML anti-money laundering
API application programming interface
BIS Bank for International Settlements
CFT combating the financing of terrorism
CPMI Committee on Payments and Market Infrastructures
DID decentralised identifiers
DLT distributed ledger technology
FX foreign exchange
KYC know your customer
PFMI Principles for financial market infrastructures
PSP payment service provider
PoC proof of concept
RTGS real-time gross settlement

Sistema de Pagos Electrónicos Interbancarios (SPEI)
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
International Bank Account Number (IBAN)
Business Identifier Code (BIC)
Bank Identifier Code (BIC)
Market Identifier Code (MIC)
Legal Entity Identifier (LEI)
CHIPS Universal Identifier (UID)
Clearing House Interbank Payments System (CHIPS)
Routing Transfer Number (RTN)
American Banking Association (ABA)
Automated Clearing House (ACH)
Single Euro Payments Area (SEPA)
North American Clearinghouse Association (NACHA)
Originating Depository Financial Institution (ODFI)
Receiving Depository Financial Institution (RDFI)
Tokenized Account Number (TAN)
Bankers Automated Clearing System (BACS)
Automated Customer Account Transfer Service (ACATS)
Automated Customer Account Transfer Service (ACATS)
Depository Trust Company (DTC)
Proof of Authorization (PoA)
Request for Payment (RfP)
Real Time Payments (RTP)
The Clearing House (TCH)
Credit Union (CH)
Home Equity Line of Credit (HELOC)
Electronic Funds Transfer (EFT)
Real-Time Gross Settlement (RTGS)
Financial Instrument Global Identifier (FIGI)
Automated Customer Account Transfer Service (ACATS)
Depository Trust & Clearing Corporation (DTCC)
National Securities Clearing Corporation (NSCC)
Financial Industry Regulatory Authority (FINRA)
Account Transfer on Notification (ATON)
Standard Entry Class (SEC)
Peer-to-peer (P2P)
Consumer Financial Protection Bureau (CFPB)
Plan d’Epargne en Actions (PEA)
Delivery vs. Payment (DVP)
Receive vs. Payment (RVP)
National Best Bid/Offer (NBBO)
Volume-weighted average price (VWAP)
Exponential Moving Average (EMA)
Magnetic ink character recognition (MICR)
Building Identification Number (BIN)
Borough-Block-Lot (BBL)
National Book-Entry System (NBES)
Commercial Book-Entry System (CBES)
Central Counterparty (CCP)
central securities depository (CSD)
Fast Automated Securities Transfer Program (FAST)
Securities Transfer Agents Medallion Program (STAMP)
Hash Time Locked Contract (HTLC)
Point Time Locked Contract (PTLC)
Multy-Party Hash Time Locked Contract (MPHTLC)
payment-versus-payment (PvP)
Continuous Net Settlement (CNS)
Continuous Linked Settlement (CLS)
deferred net settlement (DNS)
real-time gross settlement (RTGS)
Designated-Time Net Settlement (DTNS)
Large-Value Payment Systems (LVPS)
Direct Registration System (DRS)
Direct Holding System (DHS)
Demand Deposit Account (DDA)
Controlled Disbursement Account (CDA)
Merchant Discount Rate (MDR)
Merchant category code (MCC)
Accounts payable (AP)
Accounts receivable (AR)
Point-of-sale (POS)
Mail order/telephone order (MOTO)
Europay, Mastercard, and Visa (EMV)
Automated teller machine (ATM)
Personal identification number (PIN)
Electronic draft capture (EDC)
Third-Party Payment Processor (TPPP)
Payment service provider (PSP)
Payment Card Industry Data Security Standards (PCI DSS)
Personally Identifiable Information (PII)
Request for Quote (RFQ)
Request for Cross (RFC)
Request for Cross (R-Cross)
Committed Cross (C-Cross)
Better Price or Volume Match (BPVM)
Portfolio Trades (PT)
Systematic internalisers (SI)
Liquidity provider (LP)
Multilateral trading facility (MTF)
Broker crossing network (BCN)
Double volume cap (DVC)
Direct Market Access (DMA)
Sponsored Access (SA)
Smart Order Router (SOR)
Straight Through Processing (STP)
Small Order Execution System (SOES)
National Association of Securities Dealers (NASD)
National Best Bid and Offer (NBBO)
Ethereum Best Bid and Offer (EBBO)
Informal value transfer system (IVTS)
Variable Prepaid Forward (VPF)
Variable Prepaid Forward Contract (VPFC)
Prepaid Variable Forward Contract (PVFC)

Negotiable order of withdrawal (NOW)
For benefit of (FBO)
Collection-on-Behalf-of (CoBo)
Payment-on-Behalf-of (PoBo)
Loan-to-value (LTV)
Manual Bank Transfer (MBT)
Video gaming terminal (VGT)
Central communication system (CCS)
Informal value transfer system (IVTS)
Local exchange trading system (LETS)
Local energy trading system (LETS)
Ticket redemption terminals (TRT)
Dividend Reinvestment Plan (DRIP)
Direct Stock Purchase Plan (DSPP)
Bank Identification Number (BIN)
Issuer Identification Number (IIN)
Initial Public Offering (IPO)
Direct Public Offering (DPO)
Home equity line of credit (HELOC)
Mortgage Electronic Registrations Systems (MERS)
Mortgage identification number (MIN)
Mortgage Industry Standards Maintenance Organization (MISMO)
Mortgage-backed security (MBS)

Working capital (WC)
Cash conversion cycle (CCC)
Days inventory outstanding (DIO)
Days sales outstanding (DSO)
Days payable outstanding (DPO)
Work-in-Progress (WIP)
Net working capital (NWC)
Non-cash working capital (NCWC)

Trade at Settlement (TAS)
Trade at Marker (TAM)
Basis Trade Index Close (BTIC)
Trade at Cash Open (TACO)
Inter-Commodity Spreads (ICS)
Good Till Cancel (GTC)
Good Till Date (GTD)
Fill and Kill (FAK)
Fill or Kill (FOK)
All or None (AON)
ELECTRONIC TRADING SYSTEM (ETS)
MANUAL TRADING SERVICE (MTS)
REQUEST FOR QUOTE TRADING SYSTEM (RFQS)
Trade order management system (TOMS)
Order Management System (OMS)
Execution Management System (EMS)
Order and Execution Management System (OEMS)
Electronic Communication Networks (ECNs)
Crossing Networks (CNs)
ALTERNATIVE TRADING SYSTEMS (ATS)
SMALL ORDER EXECUTION SYSTEM (SOES)
National Association of Securities Dealers Automated Quotations (NASDAQ)
Chicago Mercantile Exchange (CME)
Chicago Board of Trade (CBOT)
New York Mercantile Exchange (NYMEX)
New York Commodities Exchange (COMEX)
Reuters Trade Notification Service (RTNS)
Financial Information eXchange (FIX)
Transaction Cost Analysis (TCA)
Payment Card Industry Data Security Standard (PCI-DSS)
Near-field communication (NFC)
Payment for Anonymous Routing (PAR)
Tax-Free Savings Account (TFSA)
Registered Retirement Income Fund (RRIF)
Registered Retirement Savings Plan (RRSP)
Adjusted Cost Base (ACB)
Optional Cash Purchase (OCP)
Direct Share/Stock Purchase Plan (DSPP)
Share Purchase Plan (SPP)
Pre-Authorized Debit (PAD)
Dividend Purchase Plan (DPP)
Optional Cash Purchase (OCP)
Trade-based money laundering (TBML)
Ultimate Beneficial Ownership (UBO)
In-person verification (IPV)
Most Favored Nation (MFN)
Free Writing Prospectus (FWP)
Ratio Utility Billing Systems (RUBS)
Automatic Meter Reading (AMR)
Direct-sequence spread spectrum (DSSS)
Frequency-hopping spread spectrum (FHSS)
Power line communication (PLC)
Advanced metering infrastructure (AMI)
Open Smart Grid Protocol (OSGP)

Tender option bond (TOB)
Tender option termination event (TOTE)
Mandatory termination event (MTE)
Merchant of Record (MoR)
Usage-Based Billing (UBB)
Programmable Transaction Blocks (PTB)
Verifiable Random Function (VRF)
Elliptic Curve Verifiable Random Function (ECVRF)
Bring Your Own Store (BYOS)
Merkle Mountain Range (MMR)
Byzantine Fault Tolerance (BFT)
Binary Canonical Serialization (BCS)
Directed Acyclic Graph (DAG)
Encrypted Object Store (EOS)
Total Value Locked (TVL)
Contract Execution Environment (CEE)

Peak Load Contribution (PLC)
Dynamic Line Rating (DLR)
Single point of failure (SPOF)
Earnings Before Interest, Taxes, Depreciation,
Amortization, Rent (EBITDAR)
Bring Your Own Power (BYOP)
Bring Your Own Power and Cooling (BYOP&C)
Securities-Backed Line of Credit (SBLOC)
Securities Based Lending (SBL)
Line of Credit (LOC)
Real-time bidding (RTB)
Pay-per-view (PPV)
Pay-per-click (PPC)
Demand-side platform (DSP)
Supply-side platform (SSP)
Cost-per-tap (CPT)
click-through rates (CTR)

LN, ST, AVE, BLVD, RD

FRN FLOATING RATE NOTE
FNMA FANNIE MAE
FNMDN FANNIE DISCOUNT NOTE
FHLMC FREDDIE MAC
FREDN FREDDIE MAC DISCOUNT NT
FFCB FEDERAL FARM CREDIT BANK
FFCBDN FED FARM CRD DISCOUNT NT
FHLB FEDERAL HOME LOAN BANK
FHLBDN FED HOME LN DISCOUNT NT
F FLOAT
DN DISCOUNT NOTE
NT NOTE
WI WHEN ISSUED
WIB WHEN ISSUED BOND
RI REISSUED
OTR ON-THE-RUN
FHFA FEDERAL HOUSING FINANCE AGENCY
FHFB FEDERAL HOUSING FINANCE BOARD
GSE GOVERNMENT SPONSORED ENTERPRISE

PS Payment system
CSD Central securities depository
SSS Securities settlement system
CCP Central counterparty
TR Trade repository