Credit/Debit Funds
Debt mutual funds which invest on securities/bonds with lower credit ratings. Generally riskier but with higher chance of returns and tax free dividends. …
Co-ordinator
For self-arranged club loans, the co-ordinator facilitates the smooth execution of the transaction, liaising with lenders’ counsel and all syndicate banks to ensure fluid communication and consensus on documentation. …
Committed facility
Once the facility agreement has been executed, the lender is obliged to advance money when requested by the borrower (subject to the borrower complying with certain pre-agreed conditions) …
Commitment fee
A fee charged by a lender to a borrower for an unused credit line or an unutilised loan. …
Clearing House Interbank Payment System (CHIPS)
Funds-transfer system that is privately owned by the financial institutions that use it. It clears and settles USD denominated cross-border and domestic payments, combining two types of payment systems: a netting system and an RTGS. …
Clearing House Automated Payment System (CHAPS)
The UK’s interbank system for large sterling payments. CHAPS uses the Bank of England’s real-time gross settlement (RTGS) system to allow the transfer of funds to be done in real time for each individual CHAPS payment throughout the CHAPS operational day. …