call spread 171
callable swaps 104
capital markets 171
caps options 104
cash market 171
cash settlement 171
CBOE see Chicago Board Options
Exchange (CBOE)
CBOT see Chicago Board of Trade
(CBOT)
Central Gilts Office 172
Central Securities Depository
(CSD) 59, 171
certificate 171
certificate of deposit 171
CFD see contract for difference
CFMA see Commodity Futures
Modernization Act
CFTC see Commodities and Futures
Trading Commission (CFTC)
CGO see Central Gilts Office
Cheapest to Deliver 60, 67, 172
Chicago Board of Trade (CBOT) 2–3,
4, 9, 36–7
Chicago Board Options Exchange
(CBOE) 6
Research Circular 144–7
Chicago Mercantile Exchange
(CME) 3, 4
Chicago Produce Exchange 3
clean price 172
clearing 172
agent 172
broker 172
free 172
house 79–80, 89–90, 172, 242–3
organisation 172
system 34–44, 50–2, 172
clearing corporation (CCorp) 37–8,
172
Clearing Process System (CPS) 42
clearnet 172
clearstream 172
client account/trading book,
options 87–8
client settlement 80–1, 162
futures 80–1
options 90–1
closing out 26
closing trade 173
CME see Chicago Mercantile
Exchange (CME)
collars 104
collateral 134–5, 173, 242
acceptable 135–9
commission 88–9, 173, 242
commodities 173
Commodities and Futures Trading
Commission (CFTC) 172
commodity futures 68–70, 173
Commodity Futures
Modernization Act 172
Commodity Futures Trading
Commission (CFTC) 36
commodity swap 173
common clearing link 173
common stock 173
compliance 122–3
compliance officer 173
Conduct of Business Rules 173
confirm 105, 174
conflicts of interest 173
consideration 174
contingent liability investment 241
contract 174
contract for difference 174
contract note 174
contract specification 174
contract standard 17, 18–19, 25,
48, 65–6
convergence 174
corporate action 143–55, 174,
249–56
bonus/scrip issues 251
demergers 250–1
equity shares contracts 255–6
ordinary dividends 252
policy 249–50
prices as basis for
adjustments 252–4
rights issues, cash, non-cash
special dividends 251–2
takeovers 254–5
correlation 174
cost of carry 174
counterparty 174
266 Index