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Investment Banking and Consultancy Acronym Glossary
Here is a glossary of acronyms and foreshortenings used within investment banking.
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A
AC Assessment Centre
ACA Association of Chartered Accountants
ALM Asset and Liquidity Management
ATM At The Money
AVP Assistant Vice President
B
BarCap Barclays Capital
BB Bulge Bracket
BO Back Office
BoAML Bank of America Merrill Lynch
C
CDO Collateralized Debt Obligation
CDS Credit Default Swap
CFA Chartered Financial Analyst
CIMA Chartered Institute of Management Accountants
COB Close of Business
COP Close of Play
CS Credit Suisse
D
DB Deutsche Bank
DCF Discounted Cash Flow
DCM Debt Capital Markets
E
EBIT Earnings before Interest & Taxes
EBITDA Earnings before Interest, Taxes, Depreciation and Amortisation
ECM Equity Capital Markets
EM Emerging Markets
EMEA Europe, Middle East & Africa
EOD End Of Day
F
FICC Fixed Income Currency and Commodities
FO Front Office
FSA Financial Services Authority
FT Financial Times
FX Foreign eXchange (Forex)
G
GS Goldman Sachs
H
HF Hedge Fund
HR Human Resources
I
IB Investment Banking
IBD Investment Banking Division
IPO Initial Public Offering
IDB Inter Dealer Broker
ISDA International Swaps and Derivatives Association
J
JPM J.P. Morgan Chase
K
L
LBG Lloyds Banking Group
LBO Leveraged Buyout
LCH London Clearing House
LIFFE London International Financial Futures and Options Exchange
LME London Metals Exchange
M
MBB McKinsey, Bain, Boston Consulting Group (the "Big 3" strategy consulting firms)
MD Managing Director
MM Money Market
MS Morgan Stanley
MtM Mark to Market
M&A Mergers and Acquisitions
N
NPV Net Present Value
O
OTC Over the Counter
P
P&L Profit and Loss
PC Product Control
PV Present Value
Q
R
RWA Risk Weighted Assets
S
SCM Structured Capital Markets
SEC Securities and Exchange Commission
SocGen Société Générale
S&T Sales and Trading
T
TLA Three Letter Acronym
TAS Transactions Advisory Service
U
V
VP Vice President
W
WSJ Wall Street Journal