A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Cable - A term used in the foreign exchange market for the US Dollar/British Pound rate.
Cash Delivery - Same day settlement.
Cash - normally refers to an exchange transaction contracted for settlement on the day the deal is struck.
Central Bank - A bank, which is responsible for controlling a country's or region's monetary policy. The Federal Reserve is the central bank for the United States, the European Central Bank is the central bank of Europe, the Bank of England is the central bank of England and the Bank of Japan is the central bank of Japan.
Central Bank Intervention - The act by which a central bank or central banks enter the spot foreign exchange market and attempt to influence unbalanced supply and demand forces through the direct purchase (or sale) of foreign exchange.
CFTC - The Commodity Futures Trading Commission, the US Federal regulatory agency for futures traded on commodity markets, including financial futures.
Chartist - An individual who studies graphs and charts of historical data in an attempt to find trends that will help predict the direction and magnitude of a particular investment product.
Client or Customer- An AXIOM Account holder. The Client can be an Individual, Money Manager, corporate entity, trust account, Co-Owner or any legal entity that has an interest in the value of the account.
Closed position - A transaction that is opposite in direction and magnitude to an existing position that has the effect of realizing a gain or loss.
CME - Chicago Mercantile Exchange
Confirmation - An electronic or printed notice that describes all the relevant details of a transaction.
Consumer Price Index - Monthly measure of the change in the prices of a defined basket of consumer goods including food, clothing, and transport. Countries vary in their approach to rents and mortgages.
Correspondent Bank - The foreign banks representative who regularly performs services for a bank which has no branch in the relevant center, e.g. to facilitate the transfer of funds.
Counter Currency - The second currency in a currency pair. In the Currency Pair EUR/USD, the Counter Currency is the USD.
Counterparty - The other entity or party with whom the exchange deal is being transacted.
Country risk - The risk attached to a transaction by virtue of its association to a particular country. This involves examination of economic, political and geographical factors of a particular country.
Cover - The act of performing a transaction that closes out a position.
Credit Risk - The risk that a debtor will not repay; more specifically the risk that the counterparty does not have the currency promised to be delivered.
Cross Currency Contract - A spot contract to purchase or sell one foreign currency in exchange for another specific foreign currency. The currencies exchanged are not the US Dollar.
Currency - A Foreign Currency or US Dollar.
Currency Pair - The two currencies in a foreign exchange transaction. The "EUR/USD" is an example of a currency pair.
Customer Account Application - The AXIOM application that all clients and customers must fill out and submit for acceptance by AXIOM before a transaction is to take place.