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| Cable | A term used in the foreign exchange market for the USD/GBP rate
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| Calendar Spread | An option position comprised of purchase and sale of two option contracts of the same type and at the same strike price but with different expiration dates
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| Call Option | An option that gives the holder the right, but not the obligation, to buy the underlying instrument at a specified price during a fixed period
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| Cash Delivery | Same day settlement
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| CBOE | Chicago Board Options Exchange
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| CBOT | Chicago Board of Trade
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| Central Bank | A bank which is responsible for controlling a country's monetary policy
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| Certificate of Deposit | A negotiable certificate in bearer form issued by a commercial bank as evidence of a deposit with that bank which states the maturity value, maturity rate and interest rate payable
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| Chartist | An individual who studies graphs of historic data to find trends and predict support and resistance levels as well as other continuation and reversal patterns
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| Clearing | The procedure by which a clearing house or principal becomes the buyer and/or the seller, and assumes responsibility for protecting buyers and sellers from financial loss by assuring performance on each contract
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| Closed Position | A transaction which leaves the trade with a zero net exposure to the market with respect to a particular currency
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| CME | Chicago Mercantile Exchange
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| COMEX | Commodity Exchange of New York
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| Commission | The fee that a broker may charge clients for dealing on their behalf
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| Confirmation | The process immediately following a transaction whereby the traders confirm the details of the trade
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| Consumer Price Index | Monthly measure of prices of a specified set of consumer goods and services, providing a measure of inflation. Rising CPI is normally associated with expectation of higher short term interest rates and may therefore be supportive for a currency in the short term
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| Contract Expiry Date | The last trading date of a futures or options contract
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| Contract | An agreement to buy or sell a specified amount of a particular currency on OTC, future or option basis for a specified month in the future
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| Cover | Any transaction taken to limit exposure
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| Covered Call | Having a long position in a currency or an asset combined with a short call option position on the same underlying currency or asset
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| Cost of Living Index | An index that measures inflation such as CPI
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| Counter Party | The party that takes the other side of an exchange transaction
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| Counter Value | If a currency is traded against the dollar, the counter value would be the dollar value of the transaction
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| Credit Risk | The risk of loss due to a counterparty defaulting or a debtor not repaying, or more generally the risk of loss due to some "credit event"
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| Cross Deal | A foreign exchange deal involving two currencies neither of which is the US Dollar or the base currency
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| Cross Rates | Rates between two currencies neither of which is the US Dollar or the base currency
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| Current Account | The net balance of a country’s balance of payments (BOP) and contains the import and export items of goods and services as well as transfer payments and net investment income
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