Capital account
is the other component of the balance of payments directly related to the GNP. It represents the balance of public and private capital inflow and outflow as well as the amount of funds borrowed and lent.
Cash
The currency of a nation in its physical form. Cash is money (notes or coins) that is in free circulation and that is used in the turnover of goods and services
Central Bank of the Russian Federation
is the primary bank of Russia, its main issuing monetary body. Together with the government, it develops and implements the monetary policy. The bank has broad powers. In particular, it is accredited to issue the national currency and regulate commercial banks. The central bank of the Russian Federation coordinates and regulates Russia’s entire credit system. It acts as economic regulator. The bank supervises lending institutions, grants and withdraws banking licences. The headquarters of the bank are in Moscow.
Chicago Mercantile Exchange (CME)
The Chicago Mercantile Exchange (CME) is an American financial and commodity derivative exchange. Originally established as a non-profit organization, the CME is a platform for futures trading and is also a regulatory authority, collecting and releasing information about the market and ensuring orderly clearing and settlement of executed trades.
Client
physical or legal party executing operations with the company
Client terminal
MetaTrader 4 or 5 software product that lets the client get information about financial market trades in real time mode (volume defined by the company), perform technical analysis of markets, operate, set/change/cancel orders and receive messages from the dealer and the company as well
Closed transaction
consists of two opposite trading operations of equal volume (the position opening and closing): buying followed by selling or selling followed by buying
Commerzbank
is a German group of banking companies established in 1870. The headquarters of Commerzbank are located in Frankfurt am Main. Total assets of Commerzbank are about 600 billion euros. Its staff are 360,000 people, and the number of customers amounts to 8 billion in more than 40 countries. It is Germany's second-largest bank by assets.
Concealed Unemployment
is not reflected in official statistics. It relies on data on how many people receive unemployment benefits in a country. Apart from this group of people, there are other categories of employable citizens: those who are almost out of work, but do not get any jobless benefits; those employed part-time; and those who have not claimed for any benefits for some reason.
Consumer Confidence
indicates how consumers feel about current economic conditions in their country. The index is calculated on the basis of a monthly survey. The survey respondents are asked to assess economic prospects of their country. The index does not tend to affect the markets much, because it provides a subjective vision of the economy, rather than a real picture. A rising index augurs well for the national currency.
Contract specifications
general trading conditions (such as spread, lot size, minimal trading operation volume, trading operation volume increment, initial margin, lock margin etc.) for each instrument
Correction
A reverse price movement, or its sideways movement after the previous uptrend or downtrend weakened, which led to positions’ closing or profit taking by market participants as they considered the price too high or low for further trading.
CPI (Consumer Price Index)
indicates changes in retail prices for goods and services the market basket comprises. The index is based on cost of food, clothes, education, housing and household utilities, leisure and entertainment, charges for health care services and transportation fares. The index is calculated monthly. It is a key measure of inflation in any country.
Credit rating
measures the creditworthiness of an individual, firm, region, or a country. Ratings are calculated based on past and current financial performance of market participants as well as on the estimated amount they borrowed and obligations incurred. The estimates are supposed to provide potential lenders/investors with insight into probability of on time repayment.
Currency basket
A selected group of currencies in which the weighted average is used as a measure of the value of a currency not included in the group. Depending on its purpose, the currency basket can include currencies in different relative amounts, a currency’s inclusion on a constant basis or changing depending on different Forex market factors.
Currency intervention
is a significant one-time and direct central bank’s intervention in the currency market and the currency rate implemented by means of buying and selling of large amount of foreign currency. Currency intervention is used to regulate the course of foreign currencies in the interest of the government
Currency risk
Potential adverse movements of currency rates.
Carry trade
is a Forex trading strategy in which the profit is gained not from the price movement and closure of profitable position, but from holding position with a positive swap (see swap).
Caspian Pipeline Consortium (CPC)
is oil-producing company which develops reserves in western area of Kazakhstan. Oil is transported by means of pipeline to the shores of the Black Sea for further transportation to Europe.
Chart
Graphical representation of a particular currency’s price change over the given period of time. The chart types are: the line chart, the bar chart and the candlestick chart.
Clearing
The end of mutual settlements on a trade.
Client log file
file, created by the client terminal, which records all requests and orders sent from the client to a dealer with 1 second accuracy
Close position
is a fixation of profits or losses on an open position; removal of a pending order.
COMEX (Commodity Exchange)
is a leading exchange market of valuable metals, department of New York commodity market. Futures contracts are concluded for any month, including the current month. Schedules for trading sessions of every futures contract are individual, but in overall the instruments are trading from Monday to Friday from 8:00 till 13:30. Electronic trading session is hold daily from Sunday to Friday from 6:00 till 17:15.
Comparative advantage
is an economic law referring to the ability of an individual or a country to demonstrate the best performance producing goods and services in the sphere they are the most competent, qualified or experienced.
Consolidation
is a period during which a price action fluctuates in a certain range without establishing a trend either up or down. Consolidation is believed to be followed by a breakout in one direction or the other.
Continuous Linked Settlement (CLS)
is a global multi-currency payment system founded in 1997 by the largest brokerage Forex companies for cash remittances on currency deals.
Convergence
A situation in trading when the price of an underlying asset is moving to the price of a futures contract and vice versa.
Counter currency
The currency used as the second currency in a currency pair. It is also known as the quote currency. Units of the counter currency are expressed in terms of a single unit of a base currency.
Credit (credit relationship)
is a relationship between subjects arising from cost flow. There are various forms of credit: commercial and banking borrowing, loaning, leasing, factoring etc.
Cross rate
is the currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in.
Currency code
The three-letter alphabetic code, where the first two letters represent the country of a currency, while the third one stands for the name of the currency. The currency codes are specified by the International Organization for Standardization (ISO).
Currency pair
two currencies which make up a foreign exchange rate, for example, EUR/USD
Current account balance
is one of the two components of the balance of payments referring to net revenue on exports minus payments for imports, net revenue on investments and net transfer payments.