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.

liquidity facility

A facility that can be drawn upon by certain eligible entities. In some cases, the facility can be used automatically at the initiative of the account holder, while in other cases the liquidity provider may decide explicitly on each single request. The loans typically take the form of either advances or overdrafts on an account holder's current account, which is typically secured by a pledge of securities, of repos or of traditional rediscounting of bills.

Updated: 1 Sep 2016

Source documents

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unwind

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