Monday, July 12, 2010

Since I'm Working in The Bank

I need to familiarize myself with banks/financial terms. In case you are also interested, here some:
  • Nostro and Vostro: Ours and Yours Account (wikipedia)
  • End of Day (EOD) or Close of Business (COB), check wikipedia in "Batch window" section. In a bank, for example, so-called end-of-day (EOD) jobs include interest calculation, generation of reports and data sets to other systems, printing statements, and payment processing - this is also what happen in "my bank".
  • Basel Accords, check wikipedia for Basel I, Basel II, and Basel III
  • About forex, check "Financial instruments" section, especially spot, forward, and swap.
  • Still in forex, check about NDF and exotic currencies. Yes, exotic :p
  • Check about margin trading, let me know if you are interested :p
OK, those view terms for beginning... Is it easier to remember than 'interface', 'singleton', 'prepared statement' or not?