- 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.
A form of payment accepted in Switzerland and worldwide when shopping, filling up at gas stations or withdrawing cash from ATMs. Outside Switzerland, it can be used to withdraw cash in the local currency wherever the Cirrus sign is displayed. The CASH chip function also permits cashless payment for small amounts, e.g. when parking, on buses and trams and at numerous outlets throughout Switzerland. See also CASH.
Industry:Banking
A loan paid back in several (monthly) instalments over a specified period of time. Also: hire purchase loan (UK).
Industry:Banking
A market place, trading system or exchange which meets the minimum EU standards set out in title III of the MiFID. Under MiFID, entities that offer multilateral trading for financial instruments (such as an order book) must be organized as either a regulated market or an MTF, with slightly different standards applying to each.
Industry:Banking
A part of the capital market that is unregulated or not under government supervision. The grey market is a market where securities that have not been issued yet are traded before closing of the subscription period. The grey market is a kind of futures market, as the investor buys shares through the bank at the grey market price before the opening price is set.
Industry:Banking
A statement detailing and balancing the expense items and income items of a company for the past financial year.
Industry:Banking
A term describing the right to conduct financial services across the EU based on a single authorization or approval. Firms authorized in one Member State acquire passporting rights enabling them to provide financial services and activities on a cross-border basis and to establish branches in other Member States.
Industry:Banking
A term referring to a transaction made conditionally because a security, although authorized, has not yet been issued.
Industry:Banking
Abbr.: CEF. Also: closed-end investment company. Investment fund in the form of a company (normally a public limited company) with fixed capital. A closed-end fund is not obliged to redeem units on demand. This type of investment fund is not legal in Switzerland. Opposite: open-end fund.
Industry:Banking
According to MiFID, all bank clients must receive appropriate information on the bank's best execution policy. The policy specifies that the bank must execute orders on the terms most favourable to the client.
Industry:Banking
According to MiFID, banks must be transparent regarding any fees, commissions and non-monetary benefits they receive or pay in connection with the provision of investment and ancillary services to clients.
Industry:Banking
