• Investment Banking and Consultancy Acronym Glossary

Here is a glossary of acronyms and foreshortenings used within investment banking.


Contents

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

X

Y

Z

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