Company: BCS
Filing Date: 2025-02-13
Form Type: 20-F
Source: 0000312069-25-000114
Chunk: 724

Company: BARCLAYS PLC
Filing Date: 2025-02-13
Form: 20-F
Chunk 724
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 which models are independently challenged, tested and verified to prove that they have been built, implemented and used correctly, and that they continue to be fit-for-purpose. ‘Modelled VaR’ In the context of RWAs, market risk calculated using Value at Risk (VaR) models laid down by the CRR and supervised by the PRA. ‘Money market funds’ Investment funds typically invested in short-term debt securities. ‘Monoline derivatives’ Derivatives with a monoline insurer such as credit default swaps referencing the underlying exposures held. ‘Moody’s’ A credit rating agency, including Moody’s Investors Service, Inc. and its affiliated entities. ‘Mortgage Servicing Rights (MSR)’ A contractual agreement in which the right to service an existing mortgage is sold by the original lender to another party that specialises in the various functions involved with servicing mortgages. ‘Multilateral development banks’ Financial institutions created for the purposes of development, where membership transcends national boundaries. ‘Net asset value per share’ Calculated by dividing shareholders’ equity, excluding non-controlling interests and other equity instruments, by the number of issued ordinary shares. ‘Net Interest Income (NII)’ The difference between interest income on assets and interest expense on liabilities. ‘Net Interest Margin (NIM)’ Annualised NII divided by the sum of average customer assets. ‘Net investment income’ Changes in the fair value of financial instruments designated at fair value, dividend income and the net result on disposal of available for sale assets. ‘Net Stable Funding Ratio (NSFR)’ The ratio of available stable funding to required stable funding over a one-year time horizon, assuming a stressed scenario. The ratio is required to be over 100%. Available stable funding would include items such as equity capital, preferred stock with a maturity of over one year, or liabilities with a maturity of over one year. The required amount of stable funding is calculated as the sum of the value of the assets held and funded by the institution, multiplied by a specific required stable funding factor assigned to each particular asset type, added to the amount of potential liquidity exposure multiplied by its associated required stable funding factor. ‘Net trading income’ Gains and losses arising from trading positions which are held at fair value, in respect of both market-making and customer business, together with interest, dividends and funding costs relating to trading activities. ‘Net write-off rate’ Expressed as a percentage and represents balances written off in the reporting period less any post write-off recoveries divided by gross loans and