Glossary

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


C

Capital
Capitalization
Cede and Co
CHAPS
CHIPS
Clearing
Clearstream
Convertible security
Corporate Action
Corporate Agency
Corporate Trust
CREST
CUSIP
Custody
Custodian

Capital
Stockholders' equity in a company.
 
Capitalization
Calculated by multiplying a company's outstanding shares by the per share market price (market cap, market capitalization).
 
Cede and Co
Nominee name for the Depository Trust Company.
 
CHAPS
Funds transfer system used in London to move Sterling. Clearing House Automated Payments Systems.
CHIPS
US funds transfer system that settles daily on a net basis via Fedwire.
 
Clearing
The matching of trade instructions from the buyer of a security with those of the seller of a security to facilitate payment for and receipt of the security.
 
Clearstream
Securities, depository and settlement system based in Luxembourg and owned by the Deutsche Bourse (formerly Centrale de Livraison de Valeurs Mobilieres or CEDEL).
 
Convertible security
A security that may be exchanged for another security under certain conditions.
 
Corporate Action
A corporate event affecting the shares of a company such as a stock split, tender offer, voting etc.
 
Corporate Agency
Services performed for an issuer of stock by an agent, such as transfer agent, paying agent etc.
 
Corporate Trust
Services performed for an issuer of stock by an agent, such as transfer agent, paying agent etc.
 
CREST
Electronic stock clearing and settlement system in the UK.
 
CUSIP
A unique identification number assigned to securities in the US by the Committee on Uniform Securities Identification Procedures.
 
Custody
Service provided by a bank in which securities and other assets are held on behalf of customers.
 
Custodian
Bank that provides custody services.
 

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