BANKING AND FINANCIAL SERVICES TERMINOLOGY
These definitions have been simplified in order to convey the essence, as opposed to the strict technical meaning of, the concepts. In addition, certain terms may have slightly different meanings in other additions.
Terms which contain numbers are sequenced as if they were spelled out.
The letter "M" is used to denote thousands, and "MM" represents millions.
Where foreign currencies are defined, the first entry in the definition is the standard SWIFT code for the currency. A cross-reference list of common SWIFT currency codes is given at the end of this glossary, as well as on this page.
Some telephone numbers which may be useful are also given at the end of this glossary, as well on this page.
In the absence of any indication to the contrary, definitions should be interpreted in a US context.
The information contained herein is believed to be current as of this writing. However, users should bear in mind that the financial services business is constantly changing as a result of competition, technology, US and foreign legislative action, development of new products and services, etc., and therefore complete accuracy cannot be guaranteed.
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