Françoise Clementi

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Tooltip Tags: banking

Single Euro Payments Area [SEPA]

The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro. As of November

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short-term deposit

Deposits with a maturity of less than one year. (source: http://www.teachmefinance.com/Financial_Terms/short-term_deposits.html)

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shadow banking system

The shadow banking system is a term for the collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but outside normal

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security right

Property which is pledged as collateral for a loan. (source: http://www.investorwords.com/4446/security.html#ixzz2LdIssh66)

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second mortgage

A type of mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds

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second-tier bank

Bank that channels public resources to multiple retail financial providers—typically lenders—in a single country.source: cgap.org

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savings

The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a

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saving account

Accounts maintained by retail financial institutions that pay interest but cannot be used directly as money in the narrow sense of a medium of exchange

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