Chinese Yuan Payment

The Chinese yuan (CNY), is also commonly referred to as renminbi (RMB) and is the currency of mainland China, excluding Hong Kong and Macau. On 30 November, 2015, the IMF announced…

Clearing

Clearing (the clearing of payments) is the process by which an intermediary entity acts to ensure a transaction is carried out, from the initial agreement between the two counterparties to…

Client segregated bank account

A client segregated bank account is an account whose sole purpose is to hold client funds for transactional purposes. Client accounts cannot be accessed by third parties and are separate…

Close-out netting

Close-out netting is a netting method that reduces pre-settlement credit risk. It only applies to transactions between parties where there is a default. More info

Closed forward contract

A closed forward, in contrast to an open forward, is a forward contract in which a currency transaction is to be completed at an agreed exchange rate on a…

Collateral

A client segregated bank account is an account whose sole purpose is to hold client funds for transactional purposes. Client accounts cannot be accessed by third parties and are separate…

Colombian Peso

The Colombian peso is the official currency of Colombia. Its ISO code is COP, and its symbol is ($). The…

Constant currencies

Constant currency is a financial concept that refers to exchange rates devoid of the effects of currency market fluctuations so that their value remains steady over time.  

Constant currency measures/reporting

Constant currency reporting is a method to analyse a company’s financial results while stripping out the effects of exchange rate fluctuations. The net income statements of international businesses with currency exposure…

Continuous linked settlement (CLS)

CLS, or continuous linked settlement is a cross-border payment system for the settlement of foreign exchange trades that eliminates settlement risk through a payment-versus-payment mechanism. Standard foreign exchange transactions involve…

Corporate payment solutions

Corporate payment solutions is a generic term to describe a wide range of products offered by banks and financial technology firms to help corporates and SMEs to simplify and improve…

Corporate payments

Corporate payments refer to all sorts of cash transfers – both internal and external – executed by companies. Sending and collecting payments is a cumbersome task for treasury departments, as it…

Cost Centre Treasury

In a Cost Centre Treasury system, the cost centre department is responsible for managing a company’s costs. A cost centre’s main objective is to contribute to profitability by keeping costs…

Counterparty

A counterparty is the opposing party in a financial transaction. Therefore, both parties in a transaction can be referred to as a counterparty. Entering into a contract with a counterparty generates…

Counterparty clearing house

Counterparty clearing houses are financial entities whose aim is to facilitate the derivatives and equities trading. Counterparty clearing houses make transactions more stable by assuming the counterparty credit risk that…