Finance & Treasury Glossary of Terms
Here are some definitions for commonly used terms in the finance and treasury space. If you can’t find the definition you’re looking for here, feel free to contact us – we’re here to help!
Contact usCash Management
The process of tracking, managing, and optimising an organisation’s cash flow. A strong cash management strategy ensures businesses have the right funds available at the right time, improving financial stability and enabling better decision-making.
Cash Pooling
A liquidity management technique that consolidates cash balances from multiple accounts or entities to optimise interest income, funding costs, and cash utilisation.
Cash Visibility
A real-time overview of all available cash across a business’s bank accounts and financial instruments. By having clear insights into liquidity, companies can make better financial decisions, avoid cash shortages, and maximise investment opportunities.
CASS compliance
Adherence to the FCA Client Assets Sourcebook rules, ensuring client money is segregated, accurately recorded, regularly reconciled, and fully protected.
Centralised Payment Control
A single point of oversight for managing, approving, monitoring, and reporting on payments across systems and banks.
CHAPS (Clearing House Automated Payment System)
A same-day, high-value payment system used in the UK. Typically reserved for transactions over £10,000, CHAPS is often used for urgent or large payments such as property transactions, corporate investments, or interbank transfers.
Client Asset Safeguarding
The processes, controls, and systems used to protect client funds and support regulatory obligations.
Client Money controls
A set of operational, procedural, and system-based controls designed to protect client funds, prevent misuse, and ensure regulatory compliance.
Cloud-Based Payment Solutions
Payment processing systems hosted on cloud infrastructure, offering scalability, remote accessibility, and reduced need for on-premise hardware, thereby enhancing flexibility and reducing IT overhead.
Confirmation of Payee
A fraud prevention measure that verifies the name on an account before processing a payment, reducing the risk of misdirected payments and scams.
Confirmation of Payee (CoP) Regulation
A regulatory requirement mandating that UK banks implement Confirmation of Payee (CoP) checks to improve payment security.
Control Framework
A structured set of policies, validations, approvals, and monitoring mechanisms that govern payment activity.
Corporate-to-Bank Integration
The establishment of a direct and secure connection between a company’s internal financial systems and its banking partners, enabling streamlined communication and transaction processing without manual intervention.
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