Definitions. In the Annual Report the following words shall have the following meanings. 26 October 1998

Transcription

1 Definitions

2 Definitions In the Annual Report the following words shall have the following meanings. Basel III an international regulatory framework, developed by the Basel Committee on Banking Supervisions, to strengthen the regulation, supervision and risk management of the banking sector BSMP the ICAP 2003 and 2013 Bonus Share Matching Plan CCP central counterparty CDS credit default swaps CFETS Shanghai CFETS-ICAP International Money Broking Co. Limited CFTC US Commodity Futures Trading Commission CGU cash generating unit CNH represents the exchange rate of renminbi that trades offshore in Hong Kong Code FRC s UK Corporate Governance Code published in September 2012 Companies Act Companies Act 2006 (as amended) Company or ICAP ICAP plc (formerly Garban-Intercapital plc and Garban plc) CPI consumer price index CRD Capital Requirements Directive demerger the demerger of Garban from United Business Media plc on 17 November 1998 Dodd-Frank Act The Dodd-Frank Wall Street Reform and Consumer Protection Act dollar or $ unless otherwise specified all references to dollars or $ symbol are to the currency of the US DSBP ICAP plc 2015 Deferred Share Bonus Plan ECB European Central Bank EMIR European Market Infrastructure Regulation EPS earnings per share ETR effective tax rate EU European Union Exco Exco plc, which changed its name to Intercapital plc on 26 October 1998 Exco/Intercapital merger the acquisition of the Intercapital companies by Exco on 26 October 1998 FCA Financial Conduct Authority, a successor to the Financial Services Authority FICC Fixed Income Clearing Corporation Fitch Fitch Ratings Limited FRC Financial Reporting Council FTSE 100 index comprised of the 100 largest companies listed on the London Stock Exchange in terms of their market capitalisation FTSE 250 index comprised of medium-capitalised companies listed on the London Stock Exchange not included in the FTSE 100 index FTSE All-Share the aggregation of the FTSE 100, FTSE 250 and FTSE Small Cap Indices FX foreign exchange Garban Garban plc GDP gross domestic product GEMG Global Executive Management Group GFC Global Finance Committee GOC Global Operating Committee Group the Company and its subsidiary undertakings Group CEO Group Chief Executive Officer HMRC Her Majesty s Revenue & Customs IAS International Accounting Standards IASB International Accounting Standards Body ICAAP internal capital adequacy assessment process ICAP shares ICAP plc ordinary shares of 10p each ICAP Trust ICAP Employee Share Trust Strategic report Governance and directors report Financial statements Definitions ICAP plc Annual Report

3 Definitions continued IFRS International Financial Reporting Standards IIS ICAP Information Services INFBV INCAP Finance BV Intercapital Intercapital Limited (formerly Intercapital plc) Intercapital companies those companies acquired from IPGL Limited at the time of their merger with Exco in October 1998 IPGL IPGL (Holdings) Limited ISDA International Swaps and Derivatives Association ISDX ICAP Securities & Derivatives Exchange Limited Libid London interbank bid rate Libor London interbank offered rate LTIP long term incentive plan merger the merger of Garban and Intercapital on 9 September 1999 MiFID Markets in Financial Instrument Directive Moody s Moody s Investors Services MTF multilateral trading facility NDF non-deliverable forward non-bank encompassing the professional trading community including hedge funds, trading houses and corporates NSCC National Securities Clearing Corporation OTC over-the-counter markets in which instruments are traded directly between participants by telephone and/or electronically rather than via an exchange OTF organised trading facility, a category of trading revenue proposed by MiFID PSP ICAP plc 2015 Performance Share Plan PwC PricewaterhouseCoopers LLP RCF revolving credit facility Reset Reset Holdings Private Limited and its subsidiaries RIE Recognised Investment Exchange RPI retail price index SEC Securities Exchange Commission, a US regulator SEEPP ICAP Senior Executive Equity Participation Plan SEF swap execution facility Tibor Tokyo interbank offered rate Traiana Traiana Inc and its subsidiaries Treasury Shares shares as defined by the Companies Acquisition of Own Shares (Treasury Shares) Regulations 2003 which came into force on 1 December 2003 TriOptima TriOptima AB and its subsidiaries In this document, according to context, the expressions ICAP and the Group are also used to mean the ICAP plc Group as a whole, or ICAP plc and/or its relevant subsidiaries. The business of ICAP plc is solely that of a holding company. ICAP plc itself conducts no broking or other activities. Forward-looking statements The Annual Report contains certain forward-looking statements with respect to the expectations, plans and aims of the Group relating to future performance, financial position and results. All forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that are beyond the Group s control and/or that may cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this Annual Report. However, we can give no assurance that expectations will not differ materially from actual outcomes and the Company undertakes no obligation to update these forward-looking statements. Nothing in this Annual Report should be construed as a profit forecast. 152 ICAP plc Annual Report 2015

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5 ICAP plc 2 Broadgate London EC2M 7UR United Kingdom T: +44 (0) F: +44 (0) E: investors@icap.com Company number