C
Banking Terms - CCapital adequacy, Asset quality, Management, Earnings, Liquidity, and market Sensitivity (to market risk) (CAMELS) - (measure of the relative soundness of a bank used by bank supervisory agencies to evaluate bank financial condition)
Capital Asset Pricing Model (CAPM) - (theory/mathematical model used to predict market prices of securities)
cash concentration & disbursement (CCD) - (corporate electronic payment used in business to business and intracompany transfer of funds to pay vendors/suppliers)
Cease and Desist Order (C&D) - (corrective formal enforcement action available to federal banking regulators allowing them to prohibit, restrict, or to require certain activities or functions at banking institutions or activities of their institution-affiliated parties (IAP) - officers, directors, etc.)
central liquidity facility (CLF) - (government corporation within the National Credit Union Administration that lends funds to member credit unions)
Certificate of Accrual on Treasury Securities (CATS) - (zero-coupon U.S. Treasury issues, sold at a deep discount from face value, which return the full face value at maturity)
Certificate of Deposit (CD) - (receipt for a time deposit issued for a stated time period and normally paying a fixed rate of interest)
Certificate of Deposit Account Registry Service (CDARS) - (type of certificate of deposit account that enables users to place a large deposit in federally insured accounts)
Change in Bank Control Act (CBCA) - (law regulating the acquisition of an ownership interest in a banking organization by both natural persons and entities)
civil money penalty (CMP) - (monetary fine which banking regulators can impose on an institution or individual for violations)
Clearing House Automated Payments System (CHAPS) - (private telecommunication and payment system for interbank clearing of British pound sterling payments)
Clearing House Interbank Payments System (CHIPS) - (privately-owned funds transfer system that handles time-sensitive, high-value payments between the world's major banks)
Code of Federal Regulations (CFR) - (rules and regulations promulgated by federal agencies providing detailed guidance and interpretation of statutes, and which have the force of law)
Collateralized Bond Obligation (CBO) - (multiclass security backed by a pool of corporate bonds)
Collateralized Debt Obligation (CDO) - (diversified, multiclass security, similar to a collateralized mortgage obligation and backed by pools of bonds, bank loans, or other assets)
Collateralized Loan Obligation (CLO) - (multiclass security secured by commercial bank loans)
Collateralized Mortgage Obligation (CMO) - (mortgage-backed bond secured by the cash flow of a pool of mortgages)
combined loan-to-value ratio (CLTV) - (sum of the face value of all mortgages on a property divided by the market value of that property)
Commercial and Industrial (C&I) - (activities such as loans involving corporations, commercial enterprises, or joint ventures, as opposed to consumer-based activities)
commercial mortgage-backed securities (CMBS) - (securities backed by mortgages on commercial properties such as multifamily apartment buildings, office towers, industrial buildings, hotels, and retail shopping malls)
commercial paper (CP) - (short-term obligations with maturities ranging from 2 to 270 days (less than nine months))
Committee on Uniform Securities Identification Procedures (CUSIP) - (nine-digit code used to identify U.S. securities issued in book-entry or certificate form)
Committee on Uniform Securities Identification Procedures (CUSIP) International Numbering System (CINS) - (numbering system for identifying foreign registered securities)
Commodities Futures Trading Commission (CFTC) - (independent federal agency regulating the commodities futures market)
Community Development Financial Institution (CDFI) - (institution making business loans and mortgages in economically distressed communities)
Community Reinvestment Act (CRA) - (federal law requiring banks to meet the credit needs of the communities where they accept deposits)
Competitive Equality Banking Act of 1987 (CEBA) - (established new standards for expedited funds availability and expanded FDIC authority)
Comprehensive Iran Sanctions, Accountability and Divestment Act pf 2010 (CISADA) - (law prohibiting U.S. and foreign banks from dealing with Iranian-linked financial institutions and allowing the Treasury Secretary to impose sanctions for violations)
Computerized Loan Origination (CLO) - (online network that lists residential mortgage loans, including rates and fees, offered by different mortgage lenders, accessible through mortgage brokers and real estate agents)
Conditional Prepayment Rate (CPR) - (mortgage prepayment model in which the average monthly prepayment rate is annualized by multiplying by 12)
Conference of State Bank Supervisors (CSBS) - (trade association serving supervisors of state chartered commercial and savings banks)
Constant Maturity Treasury (CMT) - (index used by bankers when computing a loan interest rate based on the weekly average of bond dealer quotes on Treasury issues with the same remaining time to maturity)
Constant Percent Prepayment (CPP) - (annualized estimate of mortgage loan prepayments)
Constant Prepayment Rate (CPR) - (mortgage prepayment model in which the average monthly prepayment rate remains constant (the same) )
Consumer Financial Protection Bureau (CFPB) - (independent agency within the Federal Reserve created by the Dodd-Frank Act of 2010 to enforce consumer protection regulations across all federal agencies)
Consumer Leasing Act (CLA) - (provides for uniform disclosure of terms and costs of consumer leases - similar to Truth in Lending)
Consumer Price Index (CPI) - (measures prices of a fixed basket of goods bought by a typical consumer, including food, transportation, shelter, utilities, clothing)
Continuous Linked Settlement Bank (CLS) - (a private-sector, special-purpose bank that settles simultaneously both payment obligations that arise from single foreign exchange transactions)
Controlled Amortization Bond (CAB) - (mortgage-backed bond that protects investors from rising mortgage prepayments)
Corporate Trade Exchange (CTX) - (electronic funds transfer used by corporations and government agencies to pay trade creditors through the Automated Clearing House (ACH) system)
Corporate Trade Payment (CTP) - (electronic funds transfer used by corporations and government agencies to pay trade creditors until 1996, when it was phased out and replaced by the Corporate Trade Exchange)
Cost of Funds Index (COFI) - (index based on the dollar cost of interest paid on funds borrowed from depositors, or from other banks)
Credit Card Responsibility Act of 2009 (CARD Act) - (legislation addressing abuses in credit card practices by imposing limits on changes in terms and raising rates, as well as limiting fees and expiration dates on gift cards)
Credit Union National Association (CUNA) - (nongovernmental, nonprofit trade group representing and lobbying for U.S. credit unions)
credit union service organization (CUSO) - (subsidiaries of credit unions that may engage in a broader range of activities)
Currency Transaction Report (CTR) - (Treasury Department report which banks must file, under the Bank Secrecy Act, for currency (coin or paper money) transactions of more than $10,000)
Customer Activated Terminal (CAT) - (any card activated terminal that gives customers access to account balance information)
Customer Due Diligence (CDD) - (policies, procedures, and processes for obtaining customer information and for assessing its relevance in relation to detecting, monitoring, and reporting suspicious activity)
Customer Identification Procedures (CIP) - (due diligence requirements financial institutions must follow regarding the identity of their customers under the Know Your Customer (KYC) rules of the Bank Secrecy Act and the USA PATRIOT Act)
Customer Identification Program (CIP) - (a program designed to ensure that a bank knows the true identity of each customer)
customer information file (CIF) - (file within a computerized accounting system that maintains a record of a bank's customers, including such information as deposit accounts owned and credit relationships)
customer initiated entry (CIE) - (banking transaction from a self-service banking terminal, such as an automated teller machine, personal computer, or smartphone)
customer service representative (CSR) - (bank employee who opens new accounts, accepts loan applications, and assists customers with service-related questions)
Report of International Transportation of Currency or Monetary Instruments (CMIR) - (report of transactions in excess of $10,000 coming into or going out of the U.S.)