What Is a Cambist? Cambist is an antiquated term that refers to a financial professional who is considered an expert in the international currency exchange markets. It is also sometimes used to refer to a reference manual that lists currency exchange values and other information useful for conducting international trade. Today, the term is mostly
What Is the CAMELS Rating System? CAMELS is a recognized international rating system that bank supervisory authorities use in order to rate financial institutions according to six factors represented by its acronym. Supervisory authorities assign each bank a score on a scale. A rating of one is considered the best, and a rating of five is
What Is Camouflage Compensation? Camouflage compensation, also known as stealth compensation, refers to pay and/or benefits granted to upper-echelon employees and senior executives that are obscured in nature or may not be disclosed clearly in mandatory company filings. This allows management to enjoy greater overall compensation on the sly without raising concern among shareholders or
What Is the Canada Mortgage and Housing Corporation (CMHC)? The term Canada Mortgage and Housing Corporation (CMHC) refers to a Canadian Crown Corporation that serves as the national housing agency of Canada. The goal of the agency is to make mortgage loans affordable for all Canadians through a housing development strategy and mortgage insurance, among
What Is the Canadian Derivatives Clearing Corporation (CDCC)? The Canadian Derivatives Clearing Corporation (CDCC) is the central clearing counterparty for exchange-traded derivative products, such as options and futures, in Canada. The CDCC also acts as the clearinghouse for a growing range of over-the-counter (OTC) financial instruments including fixed income and foreign exchange securities. CDCC is a wholly
What Is a Canadian Income Trust? A Canadian income trust is a type of investment trust that holds stable, income-producing assets and distributes payments to unitholders, or shareholders, on a periodic (monthly or quarterly) basis. Key Takeaways A Canadian income trust is an investment fund that holds income-producing assets and distributes payments to unitholders, or
What Is the Canadian Securities Institute (CSI)? The Canadian Securities Institute is Canada’s leading provider of professional credentials and compliance programs for the financial services industry. Its designations are recognized by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) with many designations required for securities industry activities in Canada’s provinces
What is Canary Call? A canary call is a type of step-up bond where the coupon rate increases at predetermined dates and that is not able to be called after a certain stated period. Key Takeaways A canary call is a type of step-up bond where the coupon rate increases at predetermined dates and that
What Is Cancelable Insurance? Cancelable insurance is a type of policy that either the insurance company or the insured party may terminate in the midst of the coverage term. Many types of insurance, with the exception of life insurance, can be structured in this way. Key Takeaways Cancelable insurance is a type of policy that either
What Is a Canceled Check? A canceled check is a check that has been paid or cleared by the bank it was drawn on after it has been deposited or cashed. The check is “canceled” after it’s been used or paid so that the check cannot be used again. Somebody who has written a check
