Finanz- und Wirtschaftslexikon
Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Finanzbegriffe durchsuchen
In public-sector statistics, central government refers to institutions exercising authority for the country as a whole. This category generally covers national ministries, executive bodies, and comparable publicly controlled entities with nationwide responsibilities. It does…
Chaining is a settlement arrangement in which the completion of one instruction helps make the assets or credit needed for another instruction available. By linking mutually dependent transactions, a payment or securities system may…
In bond trading, the clean price is the security's quoted value before the settlement adjustment for interest accumulated since the most recent coupon date. Any applicable rebate is also left out, while costs already…
A chip card, or smart card, is a payment credential with an integrated circuit that can securely retain data and perform certain operations during a transaction. Unlike cards that merely present account details for…
A clearing house is financial-market infrastructure that helps members determine what they owe one another after trades or payment instructions are submitted. It may offset or net those obligations, establish settlement amounts and timings,…
A clearing fund is a shared financial resource maintained within a central clearing system to manage losses that remain after a member fails and its available collateral has been applied. Contributions from clearing members…
Clearing is the process of reconciling and determining the amounts that participants in a financial transaction must deliver or receive before those amounts are finally paid or transferred. It may involve aggregating transactions, offsetting…
Clearing is the post-trade process that prepares obligations for completion by verifying trades, calculating what each participant is responsible for, and reducing offsetting amounts where appropriate. In derivatives markets, it also involves routinely revaluing…
Central bank independence refers to the autonomy granted to a monetary authority in making decisions within its statutory mandate. Its purpose is to shield monetary policy from temporary electoral or governmental interests while preserving…
A central bank credit facility is a liquidity arrangement that allows approved financial institutions to borrow from the central bank when needed. The institution may draw funds against eligible assets or other agreed security,…