- Industry: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
Someone who, in addition to acting as a buying and selling agent for others, buys and sells for his own account. See also broker.
Industry:Banking
Bond with no maturity date. Perpetual bonds make regular interest payments, but never redeem the principal amount. To get back the capital invested in such bonds, investors must sell them on an exchange.
Industry:Banking
Coverage of a country's banknotes in circulation by the official gold reserves. Abolished in Switzerland by the 2003 revision of the National Bank Law.
Industry:Banking
Also: netting transaction, compensation transaction, barter transaction.
(1) Securities trading: netting of clients' buy and sell orders at a bank at the marrying price.
(2) Foreign trade: offsetting the countervalue of merchandise shipped to a particular country against the merchandise imported from that country. Compensation (offsetting) frequently only covers part of the deliveries, the rest being settled in foreign exchange (partial compensation).
Industry:Banking
Bill of exchange which becomes payable at a certain date after presentation for acceptance (e.g. after one month).
Industry:Banking
(1) Holdings of bills and similar paper managed or administered by a bank.
(2) A pool of investments owned by an individual or an organization. The portfolio can either be managed by the owner him/herself or by a professional portfolio manager. Totality of securities held by banks in custody for clients or for own account.
(3) All securities owned by a person or company.
Industry:Banking
Agreement reached with borrowers, usually heavily indebted developing countries, to extend maturities, defer loan principal payments or reduce the interest rate of existing debt, especially by transforming short-term credit into medium- or long-term loans. See also moratorium.
Industry:Banking
The risk that a transfer covered by a contract cannot be effected between one currency area and another, or that such transfers are restricted as a result of state intervention.
Industry:Banking
Adjustment of the value of an asset on the balance sheet to its true value.
Industry:Banking
