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net written premiums
As Published: 2004
net written premiums
13 gross written premiums , less reinsurance premiums payable under reinsurance ceded.
property-linked assets
As Published: 2007
property-linked assets
59 in relation to an insurer , long-term insurance assets that are, for the time being, identified in the records of the insurer as being assets by reference to the value of which property-linked bene…
key individual
As Published: 2001
key individual
12 (in relation to a UK recognised body ): (a) its chairman or president; (b) its chief executive ; (c) a member of its governing body ; (d) a person who, alone or jointly with one or more others, is…
specific risk backtesting exception
As Published: 2006
specific risk backtesting exception
45 (in BIPRU 7.10 (Use of a value at risk model) and in relation to a firm ) an exception arising out of backtesting a VaR model with respect to specific risk as more fully defined in that firm's VaR…
foreign currency loan
As Published: 2015
foreign currency loan
81 an MCD credit agreement where the credit is: (a) denominated in a currency other than that in which the consumer receives the income or holds the assets from which the credit is to be repaid; or (b…
CAD 1 model
As Published: 2006
CAD 1 model
48 a risk management model of the type described in BIPRU 7.9 (Use of a CAD 1 model).
fixed-term savings account
As Published: 2015
fixed-term savings account
91 a savings account where it is agreed that money is to be held in the account for a specified period and the customer is not permitted to withdraw the money before the expiry of that period, is rest…
home purchase intermediary
As Published: 2006
home purchase intermediary
8 a firm with permission (or which ought to have permission ) to carry on a home purchase mediation activity .
FSBRA
As Published: 2015
FSBRA
79 101 the Financial Services (Banking Reform) Act 2013 (2013 c.33) 101 .
non-PRIIP packaged product
As Published: 2017
non-PRIIP packaged product
72 a packaged product other than a packaged retail and insurance-based investment product ( PRIIP ).
foreign currency PRR
As Published: 2006
foreign currency PRR
23 the part of the market risk capital requirement calculated in accordance with BIPRU 7.5 (Foreign currency PRR) or, in relation to a particular position, the portion of the overall foreign currency…
treasury shares
As Published: 2005
treasury shares
shares which meet the conditions set out in paragraphs (a) and (b) of subsection 724(5) of the Companies Act 2006. 38…
defined benefit liability
As Published: 2005
defined benefit liability
the shortfall of the value of the assets in a defined benefit occupational pension scheme below the present value of the scheme liabilities, to the extent that a firm , as employer, in accordance with…
TD implementing Directive
As Published: 2006
TD implementing Directive
28 Commission Directive implementing Directive 2004/109/EC of the European Parliament and of the Council laying down rules for the harmonisation of transparency requirements in relation to information…
period rate of charge
As Published: 2013
period rate of charge
111 (in CONC App 1.1 ) means a percentage rate of charge for a period, comprising all charges included in the total charge for credit determined in accordance with CONC App 1.1.4 R to CONC App 1.1.6 R…
certificate representing debt securities
As Published: 2005
certificate representing debt securities
(in LR ) a certificate representing certain securities where the certificate or other instrument confers rights in respect of debentures , alternative debentures , 112 or government and public securit…