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Equivalent annual cost. In finance, the equivalent annual cost ( EAC) is the cost per year of owning and operating an asset over its entire lifespan. It is calculated by dividing the negative NPV of a project by the "present value of annuity factor": where r is the annual interest rate and. t is the number of years.
Backup rotation scheme. A backup rotation scheme is a system of backing up data to computer media (such as tapes) that minimizes, by re-use, the number of media used. The scheme determines how and when each piece of removable storage is used for a backup job and how long it is retained once it has backup data stored on it.
Site-to-site backup. backup, over the internet, to an offsite location under the user's control. Similar to remote backup except that the owner of the data maintains control of the storage location. Synthetic backup. a restorable backup image that is synthesized on the backup server from a previous full backup and all the incremental backups ...
The FRTB revisions address deficiencies relating to the existing [8] Standardised approach and Internal models approach [9] and particularly revisit the following: . The boundary between the "trading book" and the "banking book": [10] i.e. assets intended for active trading; as opposed to assets expected to be held to maturity, usually customer loans, and deposits from retail and corporate ...
The regulatory standards published by the committee are commonly known as Basel Accords. They are called the Basel Accords as the BCBS maintains its secretariat at the Bank for International Settlements in Basel, Switzerland and the committee normally meets there. The Basel Accords is a set of recommendations for regulations in the banking ...
The Check Clearing for the 21st Century Act (or Check 21 Act) is a United States federal law, Pub. L. 108–100 (text) (PDF), that was enacted on October 28, 2003 by the 108th U.S. Congress. The Check 21 Act took effect one year later on October 28, 2004. The law allows the recipient of a paper check to create a digital version of the original ...
A full backup is level 0. A level n backup will back up everything that has changed since the most recent level n-1 backup. Suppose for instance that a level 0 backup was taken on a Sunday. A level 1 backup taken on Monday would include only changes made since Sunday. A level 2 backup taken on Tuesday would include only changes made since Monday.
The PSD contained two main sections: The "market rules" described which type of organisations could provide payment services. Next to credit institutions (i.e. banks) and certain authorities (e.g. central banks, government bodies), the PSD mentioned electronic money institutions (EMI), created by the E-Money Directive in 2000, and created the new category of "payment institutions" (PI) with ...