NATIXIS_REGISTRATION_DOCUMENT_2017
ADDITIONAL INFORMATION Glossary
Acronym/Term
Definition
Deeply subordinated notes (Titres Super Subordonnés), i.e. perpetual bonds with no contractual redemption commitment that pay interest in perpetuity. In the event of liquidation, they are repaid after other creditors (subordinated loans). These securities pay annual interest contingent on the payment of a dividend or the achievement of a specific result.
TSS
Total transfer of assets and liabilities (Transmission Universelle de Patrimoine)
TUP
United Kingdom
UK US
United States of America
US dollar
USD
A measure of market risk on a bank’s trading book expressed as a monetary value. It allows the entity performing the calculation to appraise the maximum losses liable to be incurred on its trading book. A statistical variable, VaR is always assigned a confidence interval (generally 95% or 99%) and a specific time frame (in practice, one day or 10 days, as the trading positions involved are meant to be unwound within several days). A measurement of the magnitude of an asset’s price fluctuation and thus a measurement of its risk. Volatility corresponds to the standard deviation of the asset’s immediate returns over a given period.
Value at risk (VaR)
Volatility
Very small enterprises
VSE
Wrong Way Risk
WWR
8
499
Natixis Registration Document 2017
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