A-Z

A B C E F G I L M N O P R S T W X
  • CIRS

    See "swap"

  • Clearing

    See " Securities Settlement System"

  • Code of duties

    The code of duties of primary dealers and the code of duties of recognized dealers are contracts specifying the rights and obligations of dealers vis-à-vis the Belgian Treasury.

  • Collateral

    A pledging of securities or cash in the context of risk management on derivatives or repos which reduces credit risk.
    If a counterparty is exposed (to financial obligations) vis-à-vis the Treasury, it pledges cash or securities as collateral for the Treasury to cover the latter's credit risk.

  • Credit risk

    The risk that one of the counterparties in a derivative or repo agreement does not fulfil its obligations due to insolvency or bankruptcy. The Treasury reduces this risk by choosing counterparties with a good rating and by using collateral as soon as the value of derivatives exceeds the set level (threshold).

  • CRS

    See "swap"