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Statistics glossary

c.i.f.

Cost, insurance and freight at the importer’s border

capital account (in a b.o.p. context)

An account in the balance of payments showing (a) capital transfers receivable and payable between residents and non-residents, and (b) the acquisition and disposal of non-produced, non-financial assets between residents and non-residents.

capital accounts

Part of the system of national (or euro area) accounts consisting of the change in the net worth that is due to net saving, net capital transfers and net acquisitions of non-financial assets.

central government

The government as defined in the ESA 2010, but excluding regional and local governments. It includes all administrative departments of the (central) state and other central agencies whose competence extends over the entire economic territory, except for the administration of social security funds. See also

central parity

The exchange rate vis-à-vis the euro of currencies of member countries of ERM II, around which the ERM II fluctuation margins are defined. See also

collateral

An asset or third-party commitment that is used by a collateral provider to secure an obligation vis-à-vis a collateral taker. See also

compensation of employees

The total remuneration, including gross wages and salaries as well as bonuses, overtime payments and employers’ social security contributions, that is payable, in cash or in kind, by employers to employees in return for work done by the latter during the accounting period (definition according to the ESA 2010).

compensation per employee

The sum total of the compensation of employees divided by the total number of employees.

consolidated balance sheet of the MFI sector

See

consolidated MFI balance sheet

A balance sheet obtained by netting out inter-MFI positions (e.g. inter-MFI loans and deposits) in the aggregated MFI balance sheet. It provides statistical information on the MFI sector’s assets and liabilities vis-à-vis residents of the euro area not belonging to this sector (i.e. the general government and other euro area residents) and vis-à-vis non-euro area residents. It is the main statistical source for the calculation of monetary aggregates, and it provides the basis for the regular analysis of the counterparts of M3.

consumer credit

Loans granted to households for personal use in the consumption of goods and services.

consumer price index (CPI)

A measure of changes over time in prices of consumption goods and services acquired or used by households.

counterparty

The opposite party in a financial transaction (e.g. any party transacting with a central bank).

CPI

See

credit institution

Any institution that is either (i) an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credit for its own account, or (ii) an undertaking or any other legal person, other than those under (i), which issues means of payment in the form of electronic money. See also

cross-border position

For the purposes of monetary statistics, the stock of financial claims and financial liabilities of MFIs residing in the euro area vis-à-vis MFIs and non-MFIs residing (i) in the euro area, (ii) in non-euro area EU Member States and (iii) in countries outside the EU.

current account (in a b.o.p. context)

An account in the balance of payments that covers all transactions in goods, services, primary income and secondary income. See also

current transfers

Transfers of the general government (e.g. relating to international cooperation), payments of current taxes on income and wealth, and other transfers, such as workers’ remittances, which are not related to capital expenditure; they also include production and import subsidies, social benefits and transfers to EU institutions. See also