Annual Report - BNP Paribas

Consolidated net income
Convertible bond
Corporate governance
Coupon
Custody fee
CVR (Contingent Value
Rights Certificate)
Derivatives
Dilution
Dividend
EONIA
EUREX
EURIBOR (European InterBank
Offered Rate)
BNP Paribas Annual Report 2007 /////// Glossary
Net income of the Group after deducting the portion of the profi ts of subsidiaries attributable
to minority shareholders.
Bond convertible into the issuer’s shares on terms set at the time of issue..
Series of principles and recommendations to be followed by the management of listed
companies.
The coupon represents the right of he security for a given year.
Fee received by a bank or broker to hold and service securities recorded in a securities
account. Custody fees are payable annually in advance. They are not refunded if the securities
are sold during the year, but no fees are payable on securities deposited during the
year until the beginning of the next year.
Financial instrument generally issued in connection with the acquisition of a listed company,
guaranteeing the value of the underlying security at a pre-determined date. The
CVR entitles the shareholder of the target to receive an amount equal to the positive
difference between the offer price and a «reference» price.
Contracts whose value is based on the performance of an underlying fi nancial asset,
index or other investment, used to hedge or profi t from future changes in the value of the
underlying.
Impact on the rights attached to a share of the issue of securities (in connection with a
capital increase, a merger, a stock-for-stock tender offer or the exercise of rights), assuming
that there is no change in the total income of the issuer.
Portion of net profi t that the Annual General Meeting decides to distribute to shareholders.
The amount of the dividend is recommended by the Board of Directors. It represents the
revenue on the share and the amount can vary from one year to the next depending on
the company’s results and policy.
Euro OverNight Index Average.
A derivatives market.
The most commonly used money-market rate in the eurozone.
Euroclear Formerly Sicovam. Clearing house for securities transactions.
Euronext SA
FCP (Fonds Commun
de Placement)
FRB
Free cash flow
Free float
Company that operates the Paris, Brussels and Amsterdam Stock Exchanges. Euronext
SA establishes market rules, decides to accept or reject listing applications and manages
all trading technologies.
Fund invested in stocks, bonds and/or money-market securities. An FCP is similar to a
SICAV, but is not a separate legal entity. FCPs are generally smaller than SICAVs and
are easier to manage. They are subject to less restrictive regulations and can be more
specialised.
French Retail Banking.
Cash available after fi nancing operations and investments, available to pay down debt.
The amount of capital which is not under the control of stable shareholders. In other words,
capital that can be freely bought and sold and is therefore available to investors, excluding
for example shares held by the State, or shares that are subject to shareholders’ pacts and
so on. On 1 December 2003, the stocks that make up the CAC 40 index became weighted
according to their free fl oats, as opposed to their market capitalisations. This change was
born out of a desire to be consistent with the major world market indexes which already
function in this manner, and to ensure greater comparability between industries and shares.
BNP Paribas has a free fl oat of 95% – one of the highest on the Paris stock market.
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