Commercial Bank of Ceylon PLC

Annual Report 2018

Annex 14: Acronyms and Abbreviations

AFS Available for sale
AGM Annual General Meeting
ALCO Assets and Liabilities Committee
AMA Advanced Measurement Approaches
AML Anti-Money Laundering
ASPI All Share Price Index
BAC Board Audit Committee
BCBS Basel Committee on Banking Supervision
BCC Board Credit Committee
BCMSC Business Continuity Management Steering Committee
BCP Business Continuity Plan
BHRRC Board Human Resources and Remuneration Committee
BIA Basic Indicator Approach
BIC Board Investment Committee
BIRMC Board Integrated Risk Management Committee
BIS Bank for International Settlements
BNC Board Nomination Committee
BRPTRC Board Related Party Transactions Review Committee
BSDC Board Strategy Development Committee
BTC Board Technology Committee
CAR Capital Adequacy Ratio
CASA Current Accounts and Savings Accounts
CBSL Central Bank of Sri Lanka
CCB Capital Conservation Buffer
CCR Counterparty Credit Risk
CEO Chief Executive Officer
CFM Close Family Members
CFO Chief Financial Officer
COO Chief Operating Officer
CPC Credit Policy Committee
CRAB Credit Rating Agency of Bangladesh
CRM Credit Risk Mitigation
CRO Chief Risk Officer
CSE Colombo Stock Exchange
DBU Domestic Banking Unit
DRP Disaster Recovery Plan
EAD Exposure at Default
EAR Earning at Risk
ECL Expected Credit Loss
ECMN Executive Committee on Monitoring NPA
EGM Extraordinary General Meeting
EIR Effective Interest Rate
EIRMC Executive Integrated Risk Management Committee
ESOP Employee Share Option Plan
EVE Economic Value of Equity
FIS Fixed Income Securities
FVOCI Financial Assets Measured at Fair Value Through Other Comprehensive Income
FVTPL Financial Assets Measured at Fair Value Through Profit or Loss
FX Foreign Exchange
FY Financial Year
GDP Gross Domestic Product
GOSL Government of Sri Lanka
GRI Global Reporting Initiatives
HFT Held for trading
HR Human Resources
HTM Held to maturity
ICAAP Internal Capital Adequacy Assessment Process
ICASL Institute of Chartered Accountants of Sri Lanka
IMF International Monetary Fund
IRMD Integrated Risk Management Department
IRR Interest Rate Risk
IRRBB Interest Rate Risk in Banking Books
ISC Information Security Council
ISMS Information Security Management System
KCRI Key Risk Indicators
KIRI Key IT Risk Indicators
KMP Key Management Personnel
KORI Key Operational Risk Indicators
LCB Licensed Commercial Bank
LCR Liquidity Coverage Ratio
LGD Loss Given Default
LSB Licensed Specialised Bank
LTECL Lifetime Expected Credit Loss
LTV Loan to Value Ratio
MATs Management Action Triggers
MRMU Market Risk Management Unit
NBT Nations Building Tax
NII Net Interest Income
NIM Net Interest Margin
NOP Net Open Position
NPA Non-Performing Assets
NPL Non-Performing Loans
NSFR Net Stable Funding Ratio
OCI Other Comprehensive Income
ORMS Operational Risk Management System
ORMU Operational Risk Management Unit
PAT Profit After Tax
PBT Profit Before Tax
PD Probability of Default
POCI Purchased or Originated Credit Impaired (financial assets)
RAS Risk Appetite Statement
RCSA Risk Control Self Assessment
ROA Return on Assets
ROE Return on Equity
RPT Related Party Transactions
RSA Rate Sensitive Assets
RSL Rate Sensitive Liabilities
RWA Risk-Weighted Assets
SA Standardised Approach
SEC Securities and Exchange Commission of Sri Lanka
SICR Significant Increase in Credit Risk
SLFRS Sri Lanka Financial Reporting Standards
SLAR Statutory Liquid Assets Ratio
SLDB Sri Lanka Development Bond
SPPI Solely Payments of Principal and Interest
SME Small and Medium Enterprise
SOFP Statement of Financial Position
TMO Treasury Middle Office
UNGC United Nations Global Compact
VaR Value at Risk
YoY Year on Year
12mECL 12 month Expected Credit Loss