Page 98 - PRIAA Glossary

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KDPW
A central infrastructure institution based in Poland. KDPW offers services in clearing and settlement and collateral management. It is also a European Securities and Markets Authority (ESMA)-approved trade repository and a local operating unit for the assignment of provisional Legal Entity Identifiers (LEIs) to members of the financial industry.
KEY CONTROL INDICATOR
A metric that provides information on the effectiveness of a control in meeting its objectives (e.g., fraudulent payments being made or loss prevention).
KEY PERFORMANCE INDICATOR (KPI)
A metric that measures the performance or achievement of targets of a business entity. If selected appropriately, KPIs can provide a means of identifying emerging risk trends, current exposure levels and events that may have materialised in the past and may occur in the future.
KEY RATE DURATION
A measurement of the sensitivity of a security or portfolio value to a 1% change in yield for a given maturity, holding all other maturities constant.
KEY RISK INDICATOR (KRI)
A metric used to monitor the level of a given operational
risk exposure over time. If selected appropriately, KRIs can provide a means for identifying emerging risk trends, current exposure levels and events that may have materialised in the past and may occur in the future.
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