Call Auction
What is 'Call Auction' Where participants buy or sell units of a good. At a call auction, participants place orders to buy or sell units at certain buying or selling prices. Orders collected during a call auction are matched to form a contract. Call auction rules vary by auction. Explaining 'Call Auction' In the securities...
Call Loan Rate
What is 'Call Loan Rate' a short-term interest rate levied by financial institutions on loans granted to broker-dealers It is the interest rate that is imposed on loans given to broker-dealers that are used to make margin loans to their margin account customers, also known as call loan rates. After receiving a request from the lending institution, these loans are...
Call Premium
What is 'Call Premium' Call premium is the dollar amount over the par value of a callable fixed-income debt security that is given to holders when the security is called by the issuer. Explaining 'Call Premium' 1. The call premium is somewhat of a penalty paid by the issuer to the bondholders for the...
Canadian Securities Institute (CSI)
What is the Canadian Securities Institute (CSI)? The Canadian Securities Institute (CSI) is a not-for-profit organization that provides educational programs and professional designations to financial services professionals in Canada. CSI also offers a variety of research and publications on capital markets, financial planning, and risk management. Founded in 1962, CSI is headquartered in Toronto with offices across Canada. CSI has...
Canada Education Savings Grant (CESG)
What is 'Canada Education Savings Grant - CESG' A grant from the Government of Canada paid directly into a beneficiary's Registered Education Savings Plan (RESP). It adds 20% to the first $2,000 in contributions made into an RESP on behalf of an eligible beneficiary each year. Explaining 'Canada Education Savings Grant - CESG' The...
Compound Interest
DefinitionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest. Compound interest is standard in finance...
Correction
Corrections are price declines that are temporary, and interrupt the uptrend of an asset in the market. A correction can work as a precursor to a recession or a bear market, but it is shorter in duration than them. Experts analyze whether a market is heading for a correction by comparing one market index to an index that is...
Canadian Council Of Insurance Regulators (CCIR)
What is 'Canadian Council Of Insurance Regulators (CCIR)' An organization that was established in order to advocate for a more effective regulatory framework in Canada. Additionally, the CCIR collaborates with other financial regulators on a regular basis to strengthen consumer protection legislation and to encourage the harmonization of rules across multiple jurisdictions, among other things. Explaining 'Canadian Council Of Insurance Regulators' The...
Canadian Overnight Money Market Rate
What is 'Canadian Overnight Money Market Rate' A measure or estimate of the rate at which major dealers are able to arrange financing of securities inventory for one business day. It is compiled by the Bank of Canada at the end of the day through a survey of major participants in the overnight market. Explaining...
Committee Payment Settlement Systems CPSS
Source: WikipediaLast Sourced: 2021-02-01This Article has been Edited for Accessibility Further Reading Global financial standard setting, the G10 committees, and international economic law - heinonline.org CPSS-IOSCO Principles for financial market infrastructures: vectors of international convergence - ideas.repec.org Optimizing liquidity usage and settlement speed in payment systems - papers.ssrn.com What role for the new financial stability board? The politics...