31st Mar 2009 17:03
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Accounting terms used |
US equivalent or brief description |
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Accounts |
Financial Statements |
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Articles of Association |
Bylaws |
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Associates |
Long-term equity investments accounted for using the equity method |
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Attributable profit |
Net income |
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Balance sheet |
Statement of financial position |
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Bills |
Notes |
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Called up share capital |
Ordinary shares, issued and fully paid |
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Capital allowances |
Tax depreciation allowances |
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Creditors |
Payables |
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Debtors |
Receivables |
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Deferred tax |
Deferred income tax |
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Depreciation |
Amortisation |
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Finance lease |
Capital lease |
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Freehold |
Ownership with absolute rights in perpetuity |
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Interests in associates and joint ventures |
Long-term equity investments accounted for using the equity method |
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Loans and advances |
Lendings |
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Loan capital |
Long-term debt |
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Nominal value |
Par value |
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One-off |
Non-recurring |
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Ordinary shares |
Common stock |
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Overdraft |
A line of credit, contractually repayable on demand unless a fixed-term has been agreed, established through a customer's current account |
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Preference shares |
Preferred stock |
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Premises |
Real estate |
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Provisions |
Liabilities |
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Share capital |
Ordinary shares or common stock issued and fully paid |
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Shareholders' equity |
Stockholders' equity |
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Share premium account |
Additional paid-in capital |
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Shares in issue |
Shares outstanding |
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Write-offs |
Charge-offs |
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Abbreviations used |
Brief description |
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ABS |
Asset-backed security |
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ADR |
American Depositary Receipt |
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ADS |
American depositary share |
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AIEA |
Average interest-earning assets |
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ALCO |
Asset and Liability Management Committee |
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ARM |
Adjustable-rate mortgage |
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ASF |
Asset and Structured Finance |
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Asscher |
Asscher Finance Ltd, a structured investment vehicle managed by HSBC |
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ATM |
Automated teller machine |
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Banca Nazionale |
Banca Nazionale del Lavoro SpA |
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Bank of Bermuda |
The Bank of Bermuda Limited, which was acquired in February 2004 |
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Bank of Communications |
Bank of Communications Co., Limited, mainland China's fourth largest bank by market capitalisation, in which HSBC currently has 19.01 per cent interest |
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Barion |
Barion Funding Limited, a term funding vehicle |
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Basel Committee |
Basel Committee on Banking Supervision |
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Basel I |
1988 Basel Capital Accord |
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Basel II |
Final Accord of the Basel Committee on proposals for a new capital adequacy framework |
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Bps |
Basis points. One basis point is equal to one hundredth of a percentage point |
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Brazilian operations |
HSBC Bank Brasil S.A.-Banco Múltiplo and subsidiaries, plus HSBC Serviços e Participações Limitada |
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Cash flow hedges |
Hedges of the variability in highly probable future cash flows attributable to a recognised asset or liability, or a forecast transaction |
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CCF |
CCF S.A., the former name of HSBC France |
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CD |
Certificate of deposit |
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CDS |
Credit default swap |
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CDO |
Collateralised debt obligation |
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CGU |
Cash-generating unit |
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CNAV |
Constant Net Asset Value |
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Combined Code |
Combined Code on Corporate Governance issued by the Financial Reporting Council |
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CP |
Commercial paper |
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CPI |
Consumer price index |
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CRR |
Customer risk rating |
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Cullinan |
Cullinan Finance Ltd, a structured investment vehicle managed by HSBC |
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Decision One |
Decision One Mortgage Company, HSBC Finance's subsidiary which originates loans referred by mortgage brokers |
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DPF |
Discretionary participation feature of insurance and investment contracts |
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Enhanced VNAV |
Enhanced Variable Net Asset Value |
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EPS |
Earnings per share |
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EU |
European Union |
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Fair value hedges |
Hedges of the change in fair value of recognised assets or liabilities or firm commitments |
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FDIC |
Federal Deposit Insurance Corporation (US) |
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Financiera Independencia |
Financiera Independencia S.A.B. de C.V. |
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FSA |
Financial Services Authority (UK) |
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FTSE |
Financial Times - Stock Exchange index |
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GAAP |
Generally Accepted Accounting Principles |
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GCRO |
Group Chief Risk Officer |
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GDP |
Gross domestic product |
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Global Markets |
HSBC's treasury and capital markets services in Global Banking and Markets |
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GMB |
Group Management Board |
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GMO |
Group Management Office |
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Group |
HSBC Holdings together with its subsidiary undertakings |
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Hang Seng Bank |
Hang Seng Bank Limited, the third largest bank listed in Hong Kong by market capitalisation |
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Abbreviations used |
Brief description |
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HELoC |
Home equity lines of credit |
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HFC |
HFC Bank Limited, the UK-based consumer finance business acquired through the acquisition by HSBC of HSBC Finance |
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HKMA |
Hong Kong Monetary Authority |
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HKSE |
The Stock Exchange of Hong Kong Limited |
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Hong Kong |
The Hong Kong Special Administrative Region of the People's Republic of China |
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HSBC |
HSBC Holdings together with its subsidiary undertakings |
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HSBC Assurances |
HSBC Assurances, comprising Erisa S.A., the French life insurer, and Erisa I.A.R.D., the property and casualty insurer (together, formerly Erisa) |
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HSBC Bank |
HSBC Bank plc, formerly Midland Bank plc |
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HSBC Bank Argentina |
HSBC Bank Argentina S.A. |
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HSBC Bank Brazil |
HSBC Bank Brasil S.A.-Banco Múltiplo, HSBC's retail banking operation in Brazil, formerly Banco Bamerindus do Brasil S.A. |
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HSBC Bank China |
HSBC Bank (China) Company Limited, HSBC's banking subsidiary in mainland China which was incorporated in March 2007 |
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HSBC Bank Malaysia |
HSBC Bank Malaysia Berhad |
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HSBC Bank Middle East |
HSBC Bank Middle East Limited, formerly The British Bank of the Middle East |
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HSBC Bank Panama |
HSBC Bank (Panama) S.A., formerly Grupo Banistmo S.A. |
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HSBC Bank USA |
HSBC's retail bank in the US. From 1 July 2004, HSBC Bank USA, N.A. (formerly HSBC Bank USA, Inc.) |
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HSBC Direct |
HSBC's online banking and savings proposition |
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HSBC Finance |
HSBC Finance Corporation, the US consumer finance company acquired in March 2003 (formerly Household International, Inc.) |
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HSBC France |
HSBC's French banking subsidiary, formerly CCF S.A. |
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HSBC Holdings |
HSBC Holdings plc, the parent company of HSBC |
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HSBC Mexico |
HSBC México S.A., the commercial banking subsidiary of Grupo Financiero HSBC, S.A. de C.V. |
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HSBC Premier |
HSBC's premium global banking service |
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HSBC Private Bank (Suisse) |
HSBC Private Bank (Suisse) S.A., HSBC's private bank in Switzerland (formerly HSBC Republic Bank (Suisse) S.A.) |
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IAS |
International Accounting Standard |
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IASB |
International Accounting Standards Board |
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IFRSs |
International Financial Reporting Standards |
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IFRIC |
International Financial Reporting Interpretations Committee |
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Industrial Bank |
Industrial Bank Co. Limited, a national joint-stock bank in mainland China of which Hang Seng currently has a 12.78 per cent interest |
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IPO |
Initial public offering |
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IRB |
Internal ratings-based approach to implementing Basel II |
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Key management personnel |
Directors and Group Managing Directors of HSBC Holdings |
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KPI |
Key performance indicator |
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KPMG |
KPMG Audit Plc and its affiliates |
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LIBOR |
London Interbank Offer Rate |
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Losango |
Losango Promoções e Vendas Ltda, the Brazilian consumer finance company acquired in December 2003 |
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Madoff Securities |
Bernard L Madoff Investment Securities LLC |
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Mainland China |
People's Republic of China excluding Hong Kong |
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Malachite |
Malachite Funding Limited, a term funding vehicle |
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MasterCard |
MasterCard Inc. |
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Mazarin |
Mazarin Funding Limited, an asset-backed CP conduit |
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MBS |
US mortgage-backed security |
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Metrovacesa |
Metrovacesa, S.A. |
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Abbreviations used |
Brief description |
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Monoline |
Monoline insurance company |
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M&S Money |
Marks and Spencer Retail Financial Services Holdings Limited, acquired by HSBC in November 2004 |
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MSCI |
Morgan Stanley Capital International index |
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MTN |
Medium-term note |
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NA |
Nationally Chartered, a designation for certain categories of banks in the US |
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Net investment hedges |
Hedge of a net investment in a foreign operation |
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NYSE |
New York Stock Exchange |
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OFT |
Office of Fair Trading (UK) |
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OTC |
Over-the-counter |
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Performance Shares |
Awards of HSBC Holdings ordinary shares under employee share plans that are subject to corporate performance conditions |
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Ping An Insurance |
Ping An Insurance (Group) Company of China, Limited, the second-largest life insurer in the PRC, in which HSBC currently has 16.78 per cent interest |
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Premier |
See HSBC Premier |
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PVIF |
Present value of in-force long-term insurance business |
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Repo |
Sale and repurchase transaction |
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Restricted shares |
Awards of HSBC Holdings ordinary shares to which the employee will become entitled, normally after three years, subject to remaining an employee |
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Reverse repo |
Security purchased under commitments to sell |
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RMM |
Risk Management Meeting |
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RPI |
Retail price index (UK) |
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RWA |
Risk weighted asset |
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Seasoning |
The emergence of credit loss patterns in portfolios over time |
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S&P |
Standard & Poor's rating agency |
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SEC |
Securities and Exchange Commission (US) |
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SIC |
Securities investment conduit |
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SIP |
Statement of investment principles produced by trustees of defined pension plans |
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SIV |
Structured investment vehicle |
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SME |
Small and medium-sized enterprise |
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Solitaire |
Solitaire Funding Limited, a special purpose entity managed by HSBC |
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SPE |
Special purpose entity |
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Sub-prime |
A US description for customers who have limited credit histories, modest incomes, high debt-to-income ratios, high loan-to-value ratios (for real estate secured products) or have experienced credit problems caused by occasional delinquencies, prior charge-offs, bankruptcy or other credit-related actions |
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Techcombank |
Vietnam Technological and Commercial Joint Stock Bank |
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The Chinese Bank |
The Chinese Bank Co., Ltd., the business of which HSBC acquired in March 2008 |
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The Hongkong and Shanghai Banking Corporation |
The Hongkong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group |
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TSR |
Total shareholder return |
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TSR award |
TSR measure applied to a proportion of the award of Performance Shares under The HSBC Share Plan |
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UAE |
United Arab Emirates |
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UK |
United Kingdom |
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US |
United States |
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VAR |
Value at risk |
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Visa |
Visa Inc. |
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VNAV |
Variable net asset value |
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WWF |
World Wide Fund for Nature |
Related Shares:
HSBC Holdings