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Central Bank Money

The liabilities of a central bank that constitute banknotes (and other forms of money- overall, cash) and bank deposits (reserves)...

Commercial Bank Money

It describes the portion of a currency (money supply) that is created out of book money – i.e., debt generated...

Checking Deposit

A deposit, specifically a demand deposit, against which cheques/ checks or drafts are written (and funds are drawn either in...

Checkable Deposit

A deposit, specifically a demand deposit, against which checks or drafts are written (and funds are drawn either in cash...

Contingent Convertible Instrument

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

CoCo Capital Instrument

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

Contingent Convertible Capital Instrument

A hybrid capital security that absorbs an issuing bank's losses when its capital falls below a certain threshold. Contingent convertible...

CET1 Trigger

A trigger that marks the situation when and where the common equity tier 1 ratio (CET1) of a bank or...

CoCo Trigger

It stands for contingent convertible trigger, a trigger in a contingent convertible (CoCo) the breach of which forces a CoCo...

Contingent Convertible Debt

A debt (usually in the form of bonds/ CoCo bonds) that can convert to equity, or can be written-down, when...