Banken for en verden i endring The bank for a ... - BNP Paribas

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Euronext SA FCP (Fonds Commun de Placement) FRB Free cash flow Free float Gain/loss on securities Goodwill Hedge funds IAS IFRS IFU (Imprimé Fiscal Unique) Institutional investor Investment club IRB IRFS ISIN code 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. Positive/negative difference between the sale price of a security and the purchase price. Difference between the cost of shares and the Group's equity in the fair value of the underlying net assets. Funds that take both long and short positions, use leverage and derivatives and invest in many markets. International Accounting Standards. International Financial Reporting Standards. French tax return issued by a bank or broker, listing all the securities transactions carried out on behalf of the taxpayer and all the coupon payments made to the tax payer. Financial institution which, by defi nition or by virtue of its articles of association, is required to hold a certain proportion of its assets in stocks and shares. Examples include insurance companies and pension funds. A variable- or split-capital company, which enables its members to jointly manage a portfolio of marketable securities formed from an initial investment and/or regular capital contributions. Clubs benefi t from a favourable regime in respect of capital gains tax. The FNACI (National Federation of Investment Clubs), which is located at 39, rue Cambon, 75001 Paris, provides on request all the information required for the launching and smooth running of these clubs. International Retail Banking, one of the BNP Paribas Group's core businesses. International Retail Banking and Financial Services The new identifi cation number for securities listed on the stock market. The ISIN code replaces the well-known Sicovam code which had since become the Euroclear code. On 30 June 2004, Euronext Paris put an end to its existing system for identifying securities and replaced it with a system that uses ISIN codes. Having already been adopted by a number of European stock markets including Amsterdam, Brussels, Lisbon and Frankfurt, the new system gives a unique identity to each share and therefore facilitates cross-border transactions between investors, primarily by improving harmonisation within Euronext. The ISIN code comprises 12 characters: 2 letters to indicate the issuing country (e.g., FR for France and US for the United States) and 10 fi gures. BNP Paribas’s ISIN code is FR0000131104.
LBO LIFFE Liquidity LME M & A Market capitalisation Market-maker/ Market-making contract MONEP (Marché d’Options Négociables de Paris) OAT (Obligation Assimilable du Trésor) OCEANE (Obligation Convertible En Actions Nouvelles ou Existantes) OPA (Offre Publique d’Achat) OPE (Offre Publique d’Échange) OPF (Offre à Prix Fixe) OPR (Offre Publique de Retrait) OPRA (Offre Publique de Rachat d'Actions) Option Leveraged Buy Out. Company acquisition fi nanced primarily by debt. In practice, a holding company is set up to take on the debt used to fi nance the acquisition of the target. The interest payments due by the holding company are covered by ordinary or exceptional dividends received from the acquired target. London International Financial Futures and Options Exchange. Ratio between the volume of shares traded and the total number of shares in issue. London Metal Exchange. Mergers & Acquisitions. Value attributed to a company by the stock market. Market capitalisation corresponds to the share price multiplied by the number of shares outstanding. Market-makers commit to maintaining fi rm bid and offer prices in a given security by standing ready to buy round lots at publicly-quoted prices. Market-making contracts generally concern mid-cap stocks and are intended to enhance the stocks' liquidity. In France, market-making contracts (contrats d'animation) are entered into between Euronext, the issuer and a securities dealer. Paris traded options market, including CAC 40 index options and equity options. French government bonds. Bond convertible for new shares or exchangeable for existing shares of the issuer. French acronym for a public tender offer for cash. French acronym for a public stock-for-stock tender offer. French acronym for a public offering of securities at a set price. French acronym for a compulsory buyout offer (fi nal stage in a squeeze-out). French acronym for an offer to buy out the minority shareholders of a company that is already largely controlled (fi rst stage in a squeeze-out). Contract giving the buyer the right (but not the obligation), to purchase or sell a security at a future date, at a price fi xed when the option is written (exercise price), in exchange for a premium paid when the option is purchased. Options to purchase a security are known as calls and options to sell a security are known as puts. 96-97 GLOSSARY
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Annual report 2006 The bank for a c
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key figures Net banking income (in
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chairman’s and chief executive of
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outlook FRENCH RETAIL BANKING For 2
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executive committee Pierre Mariani
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corporate governance a b c d e f g
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j. Jean-François Lepetit Elected o
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s Changes in shareholder structure
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Jan. 05 Feb. 05 Mar. 05 Apr. 05 May
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s BNP Paribas uses two methods to m
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Shareholder Liaison Committee After
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s All resolutions proposed to the s
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promoting innovation BNP Paribas ha
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CORPORATE AND INVESTMENT BANKING GL
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e The Equities and Derivatives busi
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over 250 professionals are active o
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cCORPORATE AND INVESTMENT BANKING c
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• It was also a record year for p
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cash management Within Corporate an
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individual clients Powerful drive t
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entrepreneurs and freelance profess
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Regional Trading Rooms Against a ba
Page 49 and 50: INTERNATIONAL RETAIL BANKING AND FI
Page 51 and 52: Cetelem steps up its development in
Page 53 and 54: mortgage financing UCB and its subs
Page 55 and 56: BancWest forged ahead with its deve
Page 57: The Bank also set up operations in
Page 60 and 61: 2006, a benchmark year for the BNL
Page 63 and 64: ASSET MANAGEMENT AND SERVICES The A
Page 65 and 66: • socially responsible products (
Page 67 and 68: France • Long-term asset gatherin
Page 69 and 70: Developing integrated technology pl
Page 71 and 72: Property Management In commercial r
Page 73 and 74: Revenues generated by the protectio
Page 75 and 76: BNP Paribas Securities Services acq
Page 77: BNP PARIBAS PRINCIPAL INVESTMENTS B
Page 80 and 81: a Responsibility based on core valu
Page 82 and 83: a An integrated approach The Group
Page 84 and 85: human resources development The peo
Page 86 and 87: Non-discrimination and the promotio
Page 88 and 89: Awareness-raising and training r Di
Page 90 and 91: a partner in society A deepening co
Page 92 and 93: p Youth outreach programs BNP Parib
Page 94 and 95: pIt supports international initiati
Page 96 and 97: glossary Accretion ADR (American De
Page 100 and 101: OPV (Offre Publique de Vente) ORA (
Page 102: Subscription right TBB (Taux de Bas
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Banken for en verden i endring The bank for a ... - BNP Paribas

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