Glossary beginning with P

Partial adjusted liquidity gap

the difference between total assets and total liabilities, calculated for each maturity range - tells about a mismatch between matured assets and matured liabilities in a given tenor, their real-terms maturity date taken into account

Partial contractual liquidity gap

the difference between total assets and total liabilities, calculated for each maturity range - tells about a mismatch between matured assets and matured liabilities in a given tenor

PBA

the Polish Bank Association

PCBA

the Polish Classification of Business Activity

PFSA

the Polish Financial Supervision Authority

Pillar I

a part of the Basel II requirements containing regulations on the minimum capital requirements for credit, interest rate, FX, liquidity and operational risks

Pillar II

a part of the Basel II requirements containing regulations on a bank’s internal risk management and risk mitigation processes

Pillar III

a part of the Basel II requirements containing regulations on obligatory disclosures of risk profile information and the banks’ capital adequacy

Pre-settlement risk

the risk of the counterparty’s losing creditworthiness while its transaction with the bank is pending

Probability of Default, PD

a statistical assessment of the probability of a borrower’s insolvency on the annual scale (defines the portfolio-related credit risk to become materialized in the future)