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1. Financial instruments - financial risks - risk management.

The changing of one dimension of financial risk into another.

For example, a short-term foreign exchange swap temporarily transforms short-term borrowings - or deposits - from one currency into another.

Other examples of this kind of transformation include interest rate transformation and maturity transformation.

2. Change management - structural change.

Substantial changes expected to be long-term.

In this sense, transformation is usually planned for, and expected to be beneficial.

Examples include business transformation and treasury transformation.

3. Working effectively with others.

Fundamental and positive shifts in people's habitual ways of doing things.

For example, in transformational coaching.

4. Data - databases - data cleansing.

In the context of data, transformation means reformatting and correction to make it appropriate for use in a different system.

5. Financial maths.

The systematic conversion of one item or distribution into another.

For example, transforming between a normal distribution and a standardised normal distribution.

See also