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.

collateral arrangement

An arrangement between a collateral provider and a collateral taker to use collateral to secure an obligation. Collateral arrangements may include criteria for the eligibility of assets and haircuts and may take different legal forms such as by title transfer or pledge arrangements.

Updated: 16 Jun 2015

Source documents


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