- 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.
Legally binding document signed by the bank of a client guaranteeing payment of a sum up to a given amount to a specified third party if the client fails to meet his payment obligations. The bank guaranty gives the seller maximum security that he will receive his money. The client bears the costs of issuing the bank guaranty.
Industry:Banking
A voluntary agreement between parties secured only by the honour of the participants. In Switzerland, this expression is often applied to the agreements between the commercial banks and the Swiss National Bank.
Industry:Banking
The stage in the economic cycle at which activity declines, characterized by a drop in real terms in the national product.
Industry:Banking
Also: guaranty. A contractual engagement to answer for the debt, default or failure of another person. The guarantor is obligated in respect of the obligee of a third party (principal debtor or obligor) to pay the debt if the third party fails to perform. The purpose of a guarantee is to secure a claim, mainly in order to raise credit (guaranteed credit).
Industry:Banking
The ability of an enterprise to meet its payment obligations on time. In a wider sense it means the availability of cash and cash-like funds within a company, on the money and capital markets and within the national or world economy.
Industry:Banking
Exchange rate between two currencies. Dollar parity, for instance, is the price of a currency expressed in dollars. See also gold parity, purchasing power parity, parity price.
Industry:Banking
Part of a company's annual report consisting of the balance sheet, the profit and loss account and the notes. Banks with total assets of CHF 100 million or more which transact a significant amount of balance sheet business are also required to produce a cash flow statement. Annual financial statements are intended to enable as reliable an assessment as possible of the company's asset and earnings situation.
Industry:Banking
Banknotes and coins circulating in the private sector of the economy as well as giro (clearing) balances maintained with the central bank by commerce, industry and the banks. Another name is central bank money supply.
Industry:Banking
A system used to settle mutual indebtedness between a number of organizations (banks, brokers, etc). All claims are set against one another, a balance is struck at agreed intervals and only the differences are settled. Used frequently in securities clearing.
Industry:Banking
