Markets where capital funds--debt and equity--are traded. Included are private placement sources of debt and equity as well as organized markets and exchanges.Cash Collateral Account: A form of credit enhancement (related to securitization) similar to overcollateralization, which is established when a third-party deposits cash into a pledged account. The use of cash collateral accounts, which are considered to be loans, grew as the number of highly rated banks and other credit enhancers declined in the early 1990s. Cash-collateral accounts eliminate “event risk,” or the risk that the credit enhancer will have its credit rating downgraded or that it will not be able to fulfill its financial obligation to absorb losses. Thus, credit protection is provided to the investors of a securitization. (Federal Reserve-Trading and Capital-Markets Activities Manual)