J

June 2005

Official launch of our new website

K

Kingdom of the Netherlands

A territory consisting of the three countries Aruba, Curacao, and the Netherlands, headed by the Queen.

L

L.O.P.

'Landsbedrijf Ontwikkelingsprojecten'.

Large exposure rule (supervisory ratio)

Large exposures to one client or a group of connected clients divided by test capital. The maximum allowed ratio is 25 percent.

Laspeyres price index

A base period weighted price index. This means that the weights in the base period are also used in the following periods.

Lending minus repayments

This category covers government payments leading to financial claims upon others or to government equity participation in the ownership of enterprises, minus receipts reducing or extinguishing such claims or equity holdings undertaken for public policy purposes.

Liquidity ratio (supervisory ratio)

Liquid assets divided by total assets. The minimum of this ratio is 20 percent.

Loan-to-deposit ratio (supervisory ratio)

Total loans (net) divided by total deposits. The maximum allowed ratio is 80 percent.

M

Manager (supervisory term)

Any person conducting the day-to-day management of the credit institution and whose function as such has been laid down in the articles of incorporation or any other regulation of the institution and whose appointment has been approved by the Bank.

Merchandise trade statistics

Export and imports of goods. Data are derived from the automated custom system Asycuda. In this system, about 8,000 documents related to export and import are registered on a monthly basis. The Central Bureau of Statistics processes this data using the International Special Trade System. Certain types of goods are excluded from the data, e.g., monetary gold, securities, bank notes, coins in circulation, and postal items. Furthermore, goods consigned by a government to its armed forces, and diplomatic representatives abroad (including embassies, consulates, the Cabinet of the Netherlands Antillean and Aruban Affairs (KABNA), the Cabinet of the Governor of Aruba representing the Queen of the Kingdom of the Netherlands, and the Marine Corps) are also excluded from the trade statistics. These exclusions are in accordance with the recommendations of the United Nations. Mineral fuels are also excluded.