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Call money rate
Also called the broker loan rate , the interest rate that banks charge brokers to finance margin loans to
investors. The broker charges the investor the call money rate plus a service charge.
Call option
An option contract that gives its holder the right (but not the obligation) to purchase a specified number of
shares of the underlying stock at the given strike price, on or before the expiration date of the contract.
Call premium
Premium in price above the par value of a bond or share of preferred stock that must be paid to holders to
redeem the bond or share of preferred stock before its scheduled maturity date.
Call price
The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a specified call
date.
Call protection
A feature of some callable bonds that establishes an initial period when the bonds may not be called.
Call provision
An embedded option granting a bond issuer the right to buy back all or part of the issue prior to maturity.
Call risk
The combination of cash flow uncertainty and reinvestment risk introduced by a call provision.
Call swaption
A swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. The writer therefore
becomes the fixed-rate receiver/floating rate payer.
Canadian agencies
agency banks established by Canadian Banks in the U.S.
Canadian Dealing Network (CDN)
The organized O.T.C. market of Canada. Formerly known as the Canadian Over-the counter Automated
Trading System (COATS), the C.D.N. became a subsidiary of the Toronto Stock Exchange in 1991.
Canadian Exchange Group (CEG)
The C.E.G. is an association between the Toronto Stock Exchange, the Montreal Exchange, the Vancouver
Stock Exchange, the Alberta Stock Exchange and the Winnipeg Stock Exchange for the purpose of
providing Canadian market data to customers outside Canada.
Cancel
Used in the context of general equities. Void an order to buy or sell from 1) the floor, or 2) the
trader/salesmans scope. In Autex, the indication still remains on record as having once been placed unless
it is expunged.
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