- Industria: 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.
Bill of exchange accepted by a bank for collection or discounting and which is payable at the place where the accepting bank is located.
Industry:Banking
Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.
Industry:Banking
Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss Performance Index (SPI) and the Swiss Market Index (SMI). International indices can also be calculated by weighting the individual indices and stating the figures in terms of a standard currency.
Industry:Banking
Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.
Industry:Banking
Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.
Industry:Banking
Also: stockholder. Part-owner of a corporation by virtue of holding one or a number of shares in it.
Industry:Banking
Also: unlimited order. Order for the purchase or sale of a security without specifying a price limit. This means that the entire transaction must be carried out as quickly as possible at the best possible price. See also at best, stock market order.
Industry:Banking
A reserve set aside for anticipated losses arising from bad debts. See also credit risk.
Industry:Banking
Form of export financing. Export credit is extended by Swiss banks to finance export deliveries not covered by an ERG or to finance prepayments, interim payments and any local costs associated with producing the goods to be delivered.
Industry:Banking
A system whereby notes issued are backed by gold. In place in the UK from 1821-1914. The system has the advantage that it gives an automatic check on inflation, and the drawback that the total of world trade must always be limited by the total output of gold in the world. Three conditions must be satisfied for a gold standard to work:
(1) there must be free mintage of gold into the standard legal coins;
(2) gold must be freely importable into or exportable from the country;
(3) the legal paper money of the country must be convertible by the central bank into gold on request.
Industry:Banking
