Page 22 - PRIAA Glossary

CALLABLE INTEREST RATE SWAP
A swap in which the fixed-rate payer has the right to terminate the swap after a certain time. Callable swaps
are often executed in conjunction with callable debt issues, where an issuer is more concerned with the cost of debt than the maturity. In puttable swaps, the fixed-rate receiver has the right to terminate the swap. Callable and puttable swaps are also known as cancellable interest rate swaps.
CANADIAN SECURITY ADMINISTRATORS (CSA)
An association of Canadian provincial securities regulators.
CAP
An upper limit placed on the payoff of a trade, limiting the upside to the buyer and thus the downside to the seller.
CAP AND TRADE
A policy within the European Union Emissions Trading Scheme (EU ETS) which limits the amount of emissions companies may release and allows the buying and selling of emission credits between participants of the scheme within the overall cap.
CAPACITY (ELECTRICITY)
The rated load carrying capability of electrical equipment such as generators or transmission lines. Capacity is typically expressed in megawatts.
CAPACITY (GAS)
The maximum amount of natural gas that can be produced, transported, stored, distributed or utilised in a specified amount of time.
CAPESIZE BULK CARRIER
A large vessel used to carry non-liquid bulk commodities, with a carrying capacity of more than 80,000 deadweight tons. These vessels commonly carry cargo such as iron ore, coal or grain.
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