A group made up of two or more related natural or legal persons meeting at least one of the following criteria: (i) one of the customers directly or indirectly controls the other customer or customers (control relationship); (ii) if one of the customers encounters financial difficulties, in particular financing or repayment problems, it is likely that the other customer or customers will be exposed to financing or repayment problems (economic interdependence).

These are transactions in which a credit institution commits, on behalf of a third party, to ensure the performance and on behalf of a client, the fulfillment of an obligation entered into by the latter.

Fund (liquidity risk management mechanism) set up to ensure settlement of SICA-UEMOA clearing balances in the event of default by one or more participants.

It is a designated derivative that is expected to have its fair value or cash flows offset the changes in fair value or cash flows of a designated hedged item.

Assets that can be easily and immediately converted into cash without losing, or losing very little, of their value to cover an institution's liquidity needs in the event of a liquidity crisis that lasts 30 calendar days.

An Ijara contract refers to any lease agreement for a movable or immovable asset established between a credit institution or a decentralized financial system (SFD) and a client.

Ijara takes the form of Ijara Financing when, on one hand, the acquired asset is intended for professional use, and on the other hand, the client has the option to purchase all or part of the leased assets, either at the end of or before the contract term, based on an agreed price.

A director who has no relationship of any kind with the institution or its group that could impair their independence of judgment or place them in a situation of actual or potential conflict of interest.

Inflation refers to a generalized and continuous increase in the level of prices. It is calculated based on the variations in the consumer price index.

A management approach that integrates the interrelation and interdependence between the risks to which the institution is or could be exposed

In the interbank market, the participants (buyers and sellers) are primarily banks, and the commodity traded is money. The central bank may intervene in this market.

A document that defines the positioning of the internal audit function within the institution and specifies its mission, powers, responsibilities, hierarchical reporting, as well as its operating procedures.