Financial Abbreviation

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Financial Abbreviations are never complete, like all abbreviations. This list is only a very-small sample.

0-9

Abbrev	Description	Remarks
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ABC

Abbrev	Description	Remark
ACH	Automated Clearing House. Inter bank Processing Institute.
AM	Asset Management (See also FM= Financial Management)
BBAN	Basic Bank Account Number
BIC	Bank Identifier Code (Financial)
BKR	Bureau Krediet Registratie (gevestigd in Tiel).
CDWH	Corporate DataWarehouse
CKK	Consumptief Krediet Kantoren (Dutch)
CSM	Clearing & Settlement Mechanism.
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DEF

Abbrev	Description	Remarks
EACHA	European Automated Clearing House.
EAS	Effecten Administratie Systeem
EB	Electronic Banking
EBA	European Banking Association. Since januari 2006 for payments until € 50.000 per transaction.
ECB	European Central Bank
EDGE	Callcenter Software
EEA	European Economic Area. All EU-countries with Norway, Liechtenstein & Iceland.
EMV	Europay/Mastercard & visa. International Standard developed by Europay/Mastercard and Visa to secure card payments.
EPC	European Payments Council (Europese Betalingsraad). The EPC main task is to develop and implement SEPA.
Equens	Uitwisseling betalingsverkeer transacties (voorheen Interpay)
ESCB	European System of Central Banks. Contains all national central Banks of Europe (also not € countries).
Eufiserv	Netwerk Europese spaarbanken voor card-based transacties
EVA	Electronische Verzekerings Acceptatie
Expiration Date	Option contracts are wasting assets and all options expire after a period of time. Once the stock option expires, the right to exercise no longer exists and the stock option becomes worthless. The expiration month is specified for each option contract. The specific date on which expiration occurs depends on the type of option. For instance, stock options listed in the United States and AEX expire on the third Friday of the expiration month.
FATF	Financial Action Task Force. To avoid the clearing of crime money (launder of money).
FINAN	Toetst kredietwaardigheid bedrijven
FM	Financial Management (See also AM= Asset Management)
FSA	Financial Services Authority [1]
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GHI

Abbrev	Description	Remarks
IBAN	International Bank Account Number. An IBAN number combines an BBAN Account Number with a Bank (by its BIC).
IPI	International Bank Account Number. European Payment Commity (EPC) created the IBAN (International Bank Account Number).
ITM	In-The-Money (ITM) describing the moneyness of an option. A call option is in-the-money when the strike price is below the current trading price of the underlying security. A put option is in-the-money when the strike price is above the current trading price of the underlying security. Options with intrinsic value are known as in-the-money (ITM) options.	See also OTM.
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JKL

Abbrev	Description	Remarks
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MNO

Abbrev	Description	Remarks
OTM	Out-of-The-Money (OTM) describes the moneyess of an option. A call option is out-of-the-money when the strike price is above the current trading price of the underlying security. A put option is out-of-the-money when the strike price is below the current trading price of the underlying security. An out-of-the-money (OTM) option has no intrinsic value.	See also ITM
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PQR

Abbrev	Description	Remarks
Premium	In exchange for the rights conferred by the option, the option buyer have to pay the option seller a premium for carrying on the risk that comes with the obligation. The option premium depends on the strike price, volatility of the underlying, as well as the time remaining to expiration.	See also Strike Price, ITM and OTM.
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STU

Abbrev	Description	Remarks
SCT	SEPA (Single Euro[pean] Payment Area) Credit Transfer
SDD	SEPA (Single Euro[pean] Payment Area) Direct Debit
SEPA	Single Euro[pean] Payment Area. To fully observe the requirements of the Rulebooks, the SEPA Data Model and Implementation Guidelines based on the UNIFI (ISO 20022) XML standard and related documents such as the PE-ACH/CSM Framework.
SIS	Spaarbank Imaging Systeem
STEP2	Straight-Through Euro Processing 2. The Euro Banking Association (EBA) runs STEP2, the first PE-ACH system for payment in bulk.
STP	Straight-through processing (full Automatic Processing). Is used also as SEPA STP.
Strike Price	The strike price is the price at which the underlying asset is to be bought or sold when the option is exercised. It's relation to the market value of the underlying asset affects the moneyness of the option and is a major determinant of the option's premium.	See also Premium, ITM and OTM.
SURE	A source configuration management tool on Unisys made by Ordina (InfraDesign). SURE is a comprehensive Software Configuration Management (SCM) solution for e-business developers on Unisys ClearPath MCP. SURE brings the following advantages to the IT organization: improved productivity; lower software development costs; improved software quality; shorter development to deployment cycles; improved communications among all IT functions; a continuous full audit of all source files; a total integrity of the application process from project start through deployment and beyond.	SURE
SWIFT	Society for Worldwide Interbanking Financial & Telecommunication. Internationaal betalingscircuit
Target	Trans European Automated Real-time Gross settlement Express Transfer System. Used for clearing of SEPA and other payments.
TPS	Transactions Per Seconds
UAT	User Acceptance Test. The end user tests the application
UNIFI	Universal Financial Industry message scheme. Standard platform for the development of messages in standarized XML-format. (UNIFI XML ISO 20022-standard)
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VWX

Abbrev	Description	Remarks
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XYZ

Abbrev	Description	Remarks
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