Statistical Terms Glossary

Geographical grouping of independent companies and bodies which are dealing with freight transport (for example, freight forwarders, shippers, transport operators, customs) and with accompanying services (for example, storage, maintenance and repair), including at least a terminal.

Loading/unloading by the vessel’s own derricks/cranes or by shore based cranes.

German term for the rate of interest charged for a loan against the security of pledged paper. Particularly used with reference to the German Bundesbank, which normally maintains its Lombard rate at about 1/2 percent above its discount rate.

See Certificate of deposit (CD)

A group of commercial banks whose representatives meet periodically to negotiate the restructuring of debts of sovereign borrowers. There is no organizational framework for the London Club comparable to that of the Paris Club.

A short-term, negotiable, bearer money market instrument in the form of a “bill of exchange” drawn by a company on a prime bank and accepted by the bank. LEBAs are generally issued with maturities of three or six months, in either interest-bearing or discount-to-yield form. The rate of interest on a LEBA is usually set at a margin below the three- to six-month LIBOR rate to approximate a rate close to the three- or six-month prime bank CD rate. The interest is calculated on the basis of the actual days over a 360-day year. After a LEBA is accepted by the bank on which it is drawn, it becomes a primary obligation of that bank.

The bid in a quotation representing the interest rate at which US. dollar deposits are retraded in London. See London Interbank Offered Rate and LIMEAN.

The London interbank offered rate for deposits, such as the six-month dollar LIBOR. LIBOR is a reference rate for the international banking markets and is commonly the basis on which lending margins are fixed. Thus, an original loan agreement or a rescheduling agreement may set the interest rate to the borrower at six-month dollar LIBOR plus 1.5 percent, with semiannual adjustments for changes in the LIBOR rate. Also, interest rate swap rates are quoted in reference to LIBOR; that is, the quoted rate is the fixed-rate side of the swap because the floating-rate side is LIBOR.

See Concessional restructuring

Someone who lives without a partner, and who has daily caring responsibilities for a dependent child or children.

A telephone call made outside the local calling area.

Hedging operation by someone who is "long* (i.e., who owns more than he has contracts to deliver).

In the context of the Paris Club, an option under which the consolidated amount is rescheduled over a long period of time, but without a reduction in the present value of the debt.

The net ownership position in a particular security e.g. if you own 500 shares of stock of a company you are said to be long 500 shares of that stock. The Bank definition is (1) in relation to securities, any security owned by the Bank and (2) in relation to futures and option contracts, any such contract purchased by the Bank which has not expired, been exercised by a seller or canceled through the sale of such contract by the Bank.

Radio broadcasting or receiving on waves of 1000 metres or more in length.

A regular open market operation executed by the Eurosystem in the form of reverse transactions. Such operations are carried out through a monthly standard tender and normally have a maturity of three months.

the life span of an animal.

Is a fishing method that involves setting out a large number of short lines carrying hooks, which are attached to a longer main line at regular intervals. The short lines are suspended horizontally at a predetermined depth with the help of surface floats. Main lines can reach 150 kilometres in length and have several thousand hooks.

Long-range transport of air pollutants (LRTAP) refers to the atmospheric transport of air pollutants within a moving air mass for a distance greater than 100 kilometres

A rate used by IFC to assist in determining the performance of its loan portfolio, it is based on three parts of average costs of borrowed funds and one part capital resources.

Are hospital beds accommodating patients requiring long-term care due to chronic impairments and a reduced degree of independence in activities of daily living.

Beds in nursing and residential care facilities are available beds for people requiring ongoing health and nursing care due to chronic impairments and a reduced degree of independence in activities of daily living (ADL) in establishments primarily engaged in providing residential care combined with either nursing, supervision or other types of care as required by the residents. The care provided can be a mix of health and social services.

Ratio of long-term debt to total assets.