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CAC 40 (Cotation Assistée en Continu): stock index for the Paris stock exchange calculated continuously on a real time basis from a sample of 40 French stocks, chosen from those with the largest market capitalisation (exclusively  based on shares). The composition of this index is revised regularly with stocks weighted by the amount of their stock market capitalisation (Base 1000 at 31 December 1987).

Capital guarantee fund: UCITS characterised by a management  that guarantees a proportion of the initial net asset value on liquidation possibly increased by a percentage of a stock index or a basket of indices.

Capital protection fund: This is a UCITS whose performance is linked to the performance of a stock exchange index or to a basket of stocks accompanied by a protection ”cushion” that allows for a fall to be cushioned in the event of a market decline but with no floor.

Capitalisation/Distribution: choice made by the UCITS whether to distribute or not the dividends or coupons paid into their portfolio. When income is capitalised it is reinvested in the UCITS. On the other hand when income is distributed the dividends generated by the shares or coupons from the bonds held in the portfolio are paid back to the UCITS unit or share holder.

Commercialised fund: a commercialised UCITS is defined as a product that may be freely sold to all types of customer or target market segment. For each of these UCITS EuroPerformance is in a position to collect, verify and pass on all information necessary for them to be monitored (analysis of their assets and their performance). As a consequence this enables their classification. This concept includes UCITS invested in the context of specific management (life insurance contracts, employee savings plans, risk-profiled funds etc.).

Convertible bonds: These are bonds that may be converted into shares. Their prices are indexed to those of the shares in the event of increases, or in the event of decreases, to those of bonds displaying the same characteristics (interest rates, maturity, credit standing, etc.).

Corporate actions:  It represents a modification, at a given time, in the life of the UCITS. Examples of OSTs are a change in the name of the UCITS, split in par value, etc.

Coupon: amount of interest received by the holder of a security, equal to the nominal interest rate of the security (fixed or variable) applied to the par value of this security for a given period (for example annually or quarterly).
Prior to dematerialisation, bond holders actually had to cut off a coupon from a security and present it in order to exercise their rights to payment. The expression has remained in use.
For shares one talks about dividends.

Currency risk: risk of loss on an unhedged currency position due to an unfavourable currency movement.

Custodian: financial institution responsible for the custody of assets included in SICAVs and FCPs. It is responsible among other things for ensuring all receipts and payments in connection with the operation of the fund (unit subscriptions, repurchase of units, review of all transactions undertaken by the manager). It has responsibility for checking the legality of decisions taken by the UCITS and is legally responsible for management compliance.

Cut-off times: describes the latest time which it is possible to register buy or sell orders to be taken into account on the same day. After this time orders will be held over and taken into account on the following day.