La banque d'un monde qui change 2004 - BNP Paribas

GlossarySPVT (Spécialiste en Pensiondes Valeurs du Trésor)SRD (Service de Règlement Différé)Subscription rightTBB (Taux de Base Bancaire)TMO (Taux Mensuel de Rendementdes Emprunts Obligataires)TPI (Titre au Porteur Identifiable)Trade CentreTreasury sharesTSDI (Titre Subordonnéà Durée Indéterminée)TSRUCITSVoting rightWarrantWork flowYieldPrimary dealer in French government bond repos.French market where the main French and foreign equities are traded. Equities or bondspurchased with deferred settlement are purchased on credit. The buyer is required tosettle the purchase price and the seller is required to deliver the securities on the nextsettlement date, unless one or other of the parties asks for the transaction to be carriedover the to next settlement date ("report").Right to participate in a share issue for cash.Interest Base rate.Interest rate corresponding to the monthly bond yield.Procedure allowing issuers to obtain information about the identity of holders of bearershares from Euroclear.Specialised sales force set up by BNP Paribas to partner its corporate customers'international development. The Trade Centers offer importers and exporters a wide rangeof customised services based on the "one-stop-shopping" principle.Shares held by the issuer. Treasury shares are stripped of voting and dividend rights andare not taken into account in the calculation of earnings per share.French acronym for perpetual subordinated notes.Total Shareholder Return: corresponding to return on the capital invested byshareholders, including dividends and unrealised gains on the shares.Undertaking for Collective Investment in Transferable Securities. Term covering unit trustsand variable capital investment companies.Right of a shareholder to vote in person or by proxy at General Meetings.Certificate issued on a stand-alone basis or strippable from another security (share,bond) giving the holder the right to acquire securities (share, bond). Warrants issuedby financial institutions acting as market-maker give the holder the right to purchase(call warrant) or sell (put warrant) various underlyings (interest rate, index, currency,equities) at a fixed exercise price during a fixed exercise period. Although these warrantsconstitute options, they cannot be sold short.Process automation technology allowing the sequential transmission of digital documentsand files to the various people responsible for processing the data.Indicator of the return on an investment, expressed in percent. For shares, the yieldcorresponds to the ratio between the last dividend paid and the last share price.317BNP PARIBAS - ANNUAL REPORT 2004