Glossary

Updated 17 October 2016

The Committee on Payments and Market Infrastructures (CPMI) provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment, clearing, settlement and related arrangements. Current definitions are now shown alongside the previous ones. You can generate a PDF version of the glossary here.

reverse repo

A contract with a counterparty to buy and subsequently resell securities at a specified date and price - the mirror image of a repo.

Updated: 12 Jul 1999

Source documents

U
unwind

 Additional terms that are not included in the main glossary can be found in the previous version of the glossary.