GENERAL MEETING DRAFT - Bankier.pl

ALM – Asset & Liability Management
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Annex 4
Integrated management of assets and liabilities, designed to allocate resources in such a manner as to
optimize the risk/return ratio.
ALT-A (residential mortgages)
Mortgages whose borrowers, while not subject to the significant repayment problems of those described
as Subprime (q.v.), have a risk profile with high loan-to-value and installment-to-income ratios or
incomplete documentation of the debtor's income.
Alternative investment
Alternative investments cover a wide range of forms of investment, including investments in Private Equity
(q.v.) and Hedge Funds (q.v.).
Asset allocation
Decisions to invest in markets, geographical areas, sectors or products.
Asset management
Activities of management of the financial investments of third parties.
ATM – Automated Teller Machine
Automated machine that allows customers to carry out operations such as withdrawing cash, paying in
cash or checks, requesting account information, paying utility bills, topping up mobile phone credits, etc.
The customer activates the terminal by inserting a smart card and entering his/her Personal Identification
Number.
Audit
Process of controlling a company's activities and accounting, carried out either by an internal body
(internal audit) or by an external firm of auditors (external audit).
Banking book
Used in relation to financial instruments, particularly securities, this term identifies the portion of such
portfolios intended for "proprietary" activities.