Page 27 - PRIAA Glossary

traded and cleared by the CME include interest rates futures and swaps, equities indices, real estate index futures, energy and environmental products, agricultural and weather products, metals, foreign exchange and over- the-counter (OTC) or privately negotiated trades.
CHOOSER OPTION
A European option which gives the buyer a fixed time frame to choose whether the option is a put or call.
CITY GATE
The location or measuring station where a distributing gas utility receives or delivers gas to a pipeline or transmission system.
CLASSIFICATION SOCIETIES
Organisations, such as Lloyds Register (LR) and the American Bureau of Shipping (ABS), that establish and administer standards for the design, construction and operational maintenance of vessels. Vessels are normally required to be “in class” in order to meet flag state and underwriter requirements and to trade commercially.
CLEAN DEVELOPMENT MECHANISM (CDM)
An agreement, defined in Article 12 of the Kyoto Protocol,
to allow a country with an emission-reduction or emission- limitation commitment under the Kyoto Protocol (an Annex
B Party) to implement an emission-reduction project in developing countries. Such projects can earn saleable certified emission reduction credits, each equivalent to one tonne of CO≤, which can be counted towards meeting Kyoto targets.
CLEAN PRICE
The price of a bond excluding any accrued interest.
CLEARED SWAP
Refers to any swap that is, directly or indirectly, submitted to and cleared by a derivatives clearing organisation registered with the commission.
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