This compilation intends to be a reference tool for users of financial services and professionals, for them to be able to check the meaning of increasingly common acronyms, so as to avoid doubts or misunderstandings.
The document has been prepared by Gonzalo Gómez Hoyo, who points out that the abundance of acronyms may be due to the significant impact of the different organisms, institutions and financial and banking products on the daily life, with the subsequent problems of denomination and meaning.
The Edufinet Project, promoted by Unicaja Banco and Fundación Unicaja, includes on its website (www.edufinet.com) a new edition of the ‘List of Initialisms and Acronyms of the Financial System’ (Repertorio de Siglas y Acrónimos del Sistema Financiero), with nearly 3,000 terms. This compilation intends to be a reference tool for readers of economic and financial texts, whether users of these services or professionals.
In particular, this up-to-date edition includes over 2,700 initialisms and acronyms and is available on the Edufinet Project website, at the following address: http://www.edufinet.com/images/documentos/Siglario.pdf
The document has been prepared by Gonzalo Gómez Hoyo. The author points out that the abundance of these terms may be due to the significant impact of the different organisms, institutions and financial and banking products on the daily life, with the subsequent problems of denomination and meaning.
The large extension of denominations recommends shortening them to avoid constant reiterations, not only in written text but also in oral speeches. Most initialisms and acronyms in the field of economics refer to nouns and are used to qualify large compound words, contributing –due to abbreviation and semantic concision- to provide the financial language with speed and efficiency, as commented by the author. However, abbreviations result in the loss of meaning, what justifies the usefulness of a work like this.
Edufinet Project, a financial education initiative pioneering in Spain
Edufinet, which collaborates with 14 universities and several institutions and business organizations, is a financial education project pioneering in Spain. It was launched over ten years ago and it has a very active programme aimed at bringing the financial world closer to citizens, a work which has been rewarded with several awards.
In addition to the website www.edufinet.com, the Edufinet Project has two other specific portals: the first one, addressed to business owners and entrepreneurs (Edufiemp), and the second one, on financial education for young people (Edufinext).
During the school year 2017-2018, the Edufinet Project has carried out 70 training actions, resulting in more than 400 workshops and lectures on financial education, attended directly by 22,000 people from different groups and educational backgrounds (young people, adults, senior citizens, high school students, university students, teachers, business owners and entrepreneurs, as well as immigrants).
The different training workshops have been given by more than 70 trainers who collaborate with Edufinet. From among all the activities, the IX Conferences ‘Financial Education for Young People’ are to be highlighted. These lectures have been given in around 270 high educational centres in Andalusia, Castilla-La Mancha, Castilla y León, Extremadura, Ceuta and Melilla, and have been attended by some 18,300 students.
The VIII Financial Olympics are also to be highlighted, as well as the workshops on general financial education, taxation, making financial decisions or the courses on investing in the stock markets or on entrepreneurship and business creation.