Dear viewers, here we will discuss about the Banking Knowledge abbreviations frequently using in Banking practice and various interview sessions all over the world.
Abbreviation is shortened form of a word or a phase by any method. It may consist of a group of letters or words taken from the full version of the word or phase, for example the word abbreviation can itself be represented by the abbreviation abbr.abbrv.or abbrev.
Example
| Category | Short form | Source | |
|---|---|---|---|
| Doctor | Contraction | Dr | D——r |
| Professor | Abbreviation | Prof. | Prof... |
| The Reverend | Abbreviation | Rev. | Rev... |
| The Reverend | Contraction | Revd | Rev——d |
| The Right Honorable | Contraction and Abbreviation | Rt Hon. | R——t Hon... |
AAA = Automated Accounting Advice
ABP = Advance Bill Purchase
ACH =
Automated Clearing House ACRL = Alpha
Credit Rating Limited
ACU = Asian Clearing Union
AD = Authorized Dealer
AB = Asian Development Bank
AOA= Articles of Association
AOF = Account Opening Form
APG = Advance Performance/Payment Guarantee
APG: Asia Pacific Group (on Money
Laundering)
ARGUS = ARGUS Credit Rating Limited
ATA: Anti Terrorism Act
ATM
= Automated Teller Machine
BAMLCO:
Branch Anti-Money Laundering Compliance Officer
BACH = Bangladesh Automated Clearing House
BAMLCO = Branch Anti-Money
Laundering Compliance Officer
BEFTN = Bangladesh Electronic
Fund Transfer Network
BFIU: Bangladesh Financial
Intelligence Unit
BIN = Business Identification Number
BGMEA= Bangladesh Garments Manufactures & Exporters
Association
BMRE=Balancing, Modernization, Replacement, Expansion
BRAL= The Bangladesh Rating Agency Limited
BRPD = Baking Regulation and Policy Department BTB L/C = Back To Back Letter of
Credit
CAMS:
Certified Anti-Money Laundering Specialists
CAMLCO: Chief Anti-Money
Laundering Compliance Officer
CAR= Capital Adequacy Ratio
CBS = Core Banking System CCI & E = Chief Controller of Import & Export
CCS= Consumer Credit Scheme
CCU: Central Compliance Unit
CD = Current Deposit
CDD: Customer Due Diligence
CFR = Cost & Freight
CFT:
Combating the Financing of Terrorism
CHIPS = Clearing House Interbank Payment System
CHM= Clearing House Management
CIB:
Credit Information Bureau
CIE
= Customer Initiated Equity
CRAB:
Credit Rating Agency of Bangladesh
CRG:
Credit Risk Grading
CRISEL = Credit Rating Information’s and Services
Limited
CRAB = Credit Rating Agency of Bangladesh
CRM = Customer Relationship Management
CRR = Cash Reserve Requirement
CSR = Corporate Social
Responsibility
CTR: Cash Transaction Report
CTX
= Corporate Trade Exchange
DAD
= Deposit Awaiting Disposal
DIBOR:
Dhaka Inter Bank Offer Rate
DNSB = Deferred Net Settlement Batches
EBP = Export Bill Purchase
ECC= Export Cash Credit
ECRL= Emerging Credit Rating Limited
EDD: Employee Due
Diligence/Enhanced Due Diligence
ERC = Export Registration Certificate
ERQ = Export Retention Quota
EWS = Early Warning Signals
FATF: Financial Action Task Force
FBCCI= Federation of Bangladesh Chambers of Commerce &
Industry
FIU: Financial Intelligence Unit
FDBP = Foreign Documentary Bill Purchase
FDR = Fixed Deposit Receipt
FI: Financial Institution
FOB:
Free on Board
FOT:
Free on Truck
FSRB: FATF Style Regional Bodies
FDBP:
Foreign Documentary Bill Purchase
GB = General Banking
GFET = Guidelines for Foreign
Exchange Transaction
GOB = Government of Bangladesh
GPML: Global Program against
Money Laundering
GSP = Generalized System of Preference
IBCA = Inter Branch Credit Advice
IBDA = Inter Branch Debit Advice
IBP = Inland Bill Purchase
IBRD=
International Bank for Reconstruction and Development
ICC= International Chamber of
Commerce
ICRG: International Cooperation
Review Group
ICSID=
International Centre for Settlement of Investment Disputes
IDA= International Development
Association
IDBP = Inland Documentary Bill Purchase
IFC= International Finance
Corporation
IMF: International Monetary Fund
IMP = Import Form
Inco- term =International Commercial Terms
IRC = Import Registration Certificate
ISBP = International Standby
Banking Practice
ISP = International Standby
Practice
ITC = International Trade Center
KYC: Know Your Customer
KYE: Know Your Employee
L/C = Letter of Credit
LD = Local Draft
LCAF = Letter of Credit Application Form
LDBP:
Local Documentary Bill Purchase
LIBOR:
London Inter Bank Offer Rate
LIM:
Loan Against Imported Merchandise
LTR:
Loan Against Trust Receipt
LDBP = Local Documentary Bill Purchase
MFI = Micro Finance Institution
MICR =Magnetic Ink Character Recognition MIGA= Multilateral Investment
Guarantee Agency
MIDS = Monthly income Deposit Scheme
MLPA = Money Laundering Prevention Act
MOA= Memorandum of Association
MOF = Ministry of Finance
MSDS = Monthly Saving Deposit Scheme
MSS= Monthly Savings Scheme
MT = Message Type
MTD= Mudaraba Term Deposit
NBFI= Non-Banking Financial Institution
NBR = National Board of Revenue
NCCT: Non-Cooperating Countries
and Territories
NCRL = National Credit Rating Limited
NFCD = Non-Resident Foreign Currency Deposit
NGO: Non-Government Organizations
NI = Negotiable Instrument
NPO: Non Profit Organizations
OBU = Offshore Banking Unit
OD = Overdraft
OFAC: Office of Foreign Asset
Control
PA = Power of Attorney
PAD = Payment Against Documents
PCB
= Private Commercial Bank
PC:
Packaging Credit
PCC = Packing Cash Credit
PEPs: Politically Exposed Persons
PG = Performance/Payment/ Personal Guarantee
PI = Pro-forma Invoice
PRC = Proceed Realization Certificate
PSI = Pre Shipment Inspection
RB = Receiving Bank
RFCD = Resident Foreign Currency Deposit
RIT = Rationalize Input Template
RJSC & F = Registered Joint Stock Company and
Firm
RMG:
Ready Made Garments
RRI
= Road, Rail and Inland Waterway
RTGS = Real Time Gross Settlement
SB = Scheduled Banks
SB = Savings Banks Account
SMA = Special Mention Account
SME = Small and Medium Enterprise
SMEF = Small and Medium Enterprise Financing
SSC = Specimen Signature Card
STR = Suspicious Transaction Report
SWIFT =Society for Worldwide Inter Financial Tele
Communication
STD= Short Term Deposit
SND= Short Notice Deposit
SAR: Suspicious Activities Report
SCB = Standard Chartered Bank
SCF = Supply Chain Finance
SLR = Statutory Liquidity Reserve
SMA:
Special Mentioned Account
SME: Small and Medium Enterprise
SIFCO =Short Term Investment Fund for Corporate
Organization
SME = Small and Medium Enterprise
SOD = Secured Overdraft
STR: Suspicious Transaction
Report
SWIFT = Society for Worldwide Interbank Financial Telecommunication
SWOT= Strength, Weakness, Opportunity, Thread
TDR = Term Deposit Receipt
TIN = Tax Identification Number
TM = Travel and Miscellaneous
TP: Transaction Profile
TT =
Telegraphic Transfer
UCPDC =
Uniform Customs and Practice for Documentary Credit
UNODC: United Nations Office on
Drug and Crime
UNSCR: United Nations Security
Council Resolution
UNSC: United Nation Security
Council
UC:
Unclassified
UCPDC = Uniform Customs and Practice for Documentary
Credit
UN = United Nations
UNCITRAL = United Nations Commission on
International Trade Law
UNSCR = United Nations Security Council Resolution.
UPAS LC = Usance pay at Sight Letter of Credit
URC = Uniform Roles for Collection
URDG = Uniform Roles for Demand Guarantee
URF = Uniform Roles for Forfeiting
URR = Uniform Roles for Bank to Bank Reimbursements
Under Documentary Credit.
VAT = Value Added Tax
WASO = WASO Credit Rating Company (BD)
WTO = World Trade OrganizationAll banker have to huge knowledge about Abbreviation under Banking Knowledge.