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Glossary of Banking Terms

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K

Banking Terms - K
  • Kansas City Board of Trade (KCBT) - (principal market for wheat and agricultural futures)

  • Key Distribution Center (KDC) - (computer memory area, server, or device used to store, distribute, and maintain cryptographic session information, and secret keys)

  • key goal indicator (KGI) - (a measure that tells management, after the fact, whether an IT or other process has achieved its results, or fulfilled its business requirements)

  • key performance indicator (KPI) - (an indicator of performance, chosen from a larger pool of indicators, which is a particularly significant indicator of results)

  • key risk indicator (KRI) - (a management determination of a level of risk or a category of risk considered of greater significance than other possible risks and threats)

  • Know Your Customer (KYC) - (due diligence that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant information pertinent to doing financial business with them - incorporated into stricter procedures mandated by the Bank Secrecy Act and the USA PATRIOT Act)

  • Know Your Customer Rule (KYC) - (ethical concept in the securities industry which recommends obtaining enough financial information about a customer to determine the affordability and suitability of investments for that customer)

  • knowledge base (KB) - (in an expert system, the specific information or fact patterns associated with a particular subject matter and the rules for interpreting these facts)

  • knowledge discovery in database (KDD) - (also known as data mining - process of analyzing large amounts of data to discover associations, patterns, and relationships)

  • knowledge management (KM) - (the process of connecting people to people and people to information to create a competitive advantage)

  • Kuala Lumpur Interbank Offered Rate (KIBOR) - (interest rate charged by banks for large loans to other banks)