ix

Glossary and List of Abbreviations

ADB Asian Development BankALM Asset and Liability ManagementALM Branch Asset and Liability Management Branch (of the National Treasury, South Africa)BAM Bank Al-Maghrib (Morocco)BaR Budget-at-RiskBdR Banco de la República (Colombia)BESA Bond Exchange of South AfricaBIS Bank of International SettlementBOI Bank of ItalyBOJ Bank of JamaicaBoJ Bank of JapanBOJ-NET Bank of Japan Financial Network SystemBOM Bank of MexicoBOS Bank of SloveniaBOTs Buoni Ordinari del TesoroBPD Bureau of the Public DebtBTEs Buoni del Tesoro (Italy)BTPs Buoni del Tesoro Poliennali (Italy)CaR Cost-at-RiskCBB Central Bank of Brazil CBI Central Bank of IrelandCBISSO Central Bank of Ireland Securities Settlements OfficeCCIL Clearing Corporation of India Ltd.CCTs Certificati di Credto del Tesoro (Italy)CDP Cassa Depositi e Prestini (Italy)Cetes Certificados de la Tesorería (Mexico)COI Obligacje czteroletnie indeksowane oszczędnościowe (Poland)CP Commercial Paper CPSS Committee on Payment and Settlement Systems (of the central banks of the Group of Ten

countries)CRR Cash Reserve RatioCSE Copenhagen Stock Exchange

CTEs Certificati del Tesoro (Italy)CTOs Certificati del Tesoro con Opzione (Italy)CTZs Certificati del Tesoro Zero-Coupon (Italy)Dáil Lower House of Irish ParliamentDCV Depósito Central de Valores (Colombia)Diet The Japanese ParliamentDMFAS Debt Management and Financial Analisis System (Colombia)DMO The U.K. Debt Management OfficeDMU Debt Management Unit (of the Ministry of Finance and Planning, Jamaica)DNB Danmarks NationalbankDOS Obligacje dwuletnie oszczędnościowe o stałej stopie procentowej (Poland)DRMR Debt and Reserves Management Report (U.K.)DS Obligacje dziesięcioletnie o oprocentowaniu stałym (Poland)DsaR Debt-Service-at-RiskDvP Delivery-versus-PaymentDZ Obligacje dziesięcioletnie o oprocentowaniu zmiennym (Poland)ECB European Central BankECB External Commercial Borrowing (India)ECP Euro Commercial PaperECU European Currency UnitEEC European Economic CommunityEFFAS European Federation of Financial Analysts SocietiesEMS European Monetary SystemEMTN Euro Medium-Term NotesEMU European Monetary UnionEONIA Euro Overnight Index AverageERM II European Exchange Rate Mechanism IIESCB European System of Central BanksEU European UnionEuribor Euro Interbank Offered RateEurostat Statistical Office of the European CommunitiesFAA Financial Administration and AuditFed Federal Reserve SystemFILP Fiscal Investment and Loan Program (Japan)FMC Financial Markets CommitteeFMS Financial Management ServiceFRL Fiscal Responsibility Law (Brazil)FSC Financial Services CommissionGDCF Government Debt Consolidation Fund (Japan)GEMM Gilt-Edged Market Makers (U.K.)HIPC Heavily Indebted Poor CountriesIDB Interdealer BrokerIG GEMM Index-Linked Gilt-edged Market Makers (U.K.)IGCP Instituto de Gestão do Credito Publico (Portuguese Government Debt Agency) IGR Impôt Général sur le Revenu (Morocco)IMF International Monetary FundIMFC International Monetary and Financial Committee

x GUIDELINES FOR PUBLIC DEBT MANAGEMENT

IOSCO International Organization of Securities CommissionsIPAB Instituto de Protección al Ahorro Bancario (Mexico)IRS Interest Rate SwapIS Impôt sur les Sociétés (Morocco)ISDA International Swap Dealers AssociationISMA International Securities Market AssociationIT Information TechnologyIVT Intermédiaires en Valeurs du Trésor (Morocco)JCSD Jamaica Central Securities DepositoryJGB Japanese Government BondLFT Letras Financeiras do Tesouro (Brazil)LOA Lei Orçamentária AnualLRS Local Registered Stocks (Jamaica)LSE London Stock ExchangeLTN Letras do Tesouro NacionalM2 Broad Money 2MEDIP The Portuguese acronym for “Special Market for Public Debt”MEF Ministry of the Economy and Finance (Italy)MoF Ministry of FinanceMP Multiple-PriceMTN Medium-Term NotesMTS Electronic trading system for fixed-income securitiesNBP National Bank of PolandNDS National Depository for SecuritiesNDS Negotiated Dealing SystemNPV Net Present ValueNTMA The National Treasury Management Agency (Ireland)NTN-C Notas do Tesouro Nacional - Série CNZDMO New Zealand Debt Management OfficeOECD Organization for Economic Cooperation and DevelopmentOK Obligacje dwuletnie zerokuponowe (Poland)OPCVMs Organismes de placement Collectif en valeurs Mobilières (Morocco)OT Obrigações do Tesouro (standard fixed-rate treasury bonds, Portugal)OTC Over the CounterPDD Public Debt Department (of the Ministry of Finance, Poland)PDD Public Debt Direction (of the Italian Treasury Department) PS Obligacje pięcioletnie o oprocentowaniu stałym (Poland)R&I Rating and Investment Information, Inc.RAPM Risk-Adjusted Performance MeasurementRBI Reserve Bank of IndiaRTGS Real-Time Gross SettlementSARB South African Reserve BankSDDS Special Data Dissemination StandardSEBRA Sistema Electrónico de Banco de la República (Colombia)Secad Secretaria Adjunta do Tesouro Nacional (Brazil)SEN Sistema Electrónico de Negociación de Deuda Pública (Colombia)SFC Secretaria Federal de Controle (Brazil)

Glossary and List of Abbreviations xi

SLR Statutory Liquidity RatioSNDO Swedish National Debt OfficeSOEs State-Owned EnterprisesSP Obligacje pięcioletnie o stałej stopie procentowej (Poland)SPF Social Pension FundSTRIPS Separate Trading of Registered Interest and Principal of SecuritiesSWIFT Society for Worldwide Interbank Financial TelecommunicationTARGET Trans European Real-time Gross Settlement Express TransferTCU Tribunal de Contas da União (external auditing agency, Brazil)TES Treasury Security (Colombia)TPR Transfer-Pricing RegimeTZ Obligacje trzyletnie o oprocentowaniu zmiennym (Poland)UMS United Mexican StatesUNCTAD United Nations Conference on Trade and DevelopmentUP Uniform-PriceUSD CP U.S. Dollar Commercial PaperVaR Value-at-RiskWMAs Ways and Means AdvancesWS Obligacje dwudziestoletnie o oprocentowaniu stałem (Poland)

xii GUIDELINES FOR PUBLIC DEBT MANAGEMENT