bond market
The bond market enables public and private borrowers to obtain debt financing from investors. A bond typically promises periodic interest payments and repayment of principal at a specified date, while some securities adjust their…
Month: August 2026
bilateral exposure
Bilateral exposure measures the potential financial loss arising from a specific counterparty relationship if that counterparty does not fulfill its contractual duties. It can apply to lending, trading, settlement and other obligations involving institutions,…
brand
In payments, a brand is the market identity under which a provider offers a card or other payment service. It enables users and businesses to recognize the product and distinguishes it from competing offerings…
bilateral net settlement system
A bilateral net settlement system determines what each participating institution owes or is owed by another institution after offsetting their transactions over a specified period. Only the residual amount between the two institutions is…
bilateral procedure
A bilateral procedure is a transaction format in which a central bank selects and engages specific eligible parties rather than inviting competing offers from the market as a whole. It can be used for…
cap (limit)
A cap is a rule that restricts how large a participant’s permitted activity or outstanding position may become in a payment or settlement arrangement. It may govern exposure in either direction, including amounts owed…
capital accounts
Capital accounts are a component of national or regional accounts that shows how an economy’s net worth changes through capital-related transactions. They connect net saving with net capital transfers and the net acquisition of…
automatic linking
Automatic linking is an operational function that records which purchase and sale entries belong to the same securities transaction, enabling related trade records to be handled together during post-trade processing.
automatic fiscal stabilisers
Automatic fiscal stabilisers are built-in features of public finances that cushion the economy as conditions change. When economic activity weakens, tax payments usually fall and transfers to households may rise, supporting incomes without a…
automated security lending programme (ASLP)
An automated securities-lending programme is a bank-facilitated service in which securities owners can earn returns by making selected assets available for borrowing while receiving other eligible assets as collateral. The bank may either take…