Glossary

ALM	Assets and Liabilities Management.
Selective Trust Account (STA)	A special account fed from the CEB's profits and set up in 1995 for the purpose of granting interest rate subsidies for projects concerned with the Bank's priority objectives and having a high social content. It can also be used for grants approved by the Administrative Council.
CEB	Council of Europe Bank. Acronym of the "Council of Europe Development Bank".
Outstanding	The amount of loans disbursed and not yet repaid.
Loan disbursed	A loan effectively paid over to the borrower.
Project approved	A project presented to the Administrative Council and approved for financing.
Individual project	The Individual project (IP) concerns a single project in a single field of action.
Sector-based project	The Sector-based project (SP) comes under a national or regional sectorial development programme; it is made up of several projects in a single field of action, except natural disasters.
Multi-project programme	The Multi-project programme (MP) is made of several projects of limited amount, regardless of the fields involved, therefore allowing to reach several beneficiaries through a single borrower.
Policy for loan and project financing (2006)	The Policy for loan and project financing (2006) is the reference text for all the activities relating to the examination, approval, financing and monitoring of the projects submitted to the Bank.
Loan tranche	Loans are disbursed in several instalments, according to the progress of the works and up to the maximum amount authorised by the Administrative Council.