- 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.
In Switzerland, this source tax is imposed at the current rate of 35% on domestic income from capital gains and lottery winnings in excess of CHF 50. Tax payments can be reclaimed by persons filing Swiss federal tax returns or credited against cantonal tax liabilities. Individuals and companies domiciled abroad may claim a refund of Swiss withholding tax under double taxation treaties concluded between their country of domicile and Switzerland.
Industry:Banking
Infiltration of illegally acquired assets into the legal financial system. Generally, a distinction is made between three phases of laundering:
(1) Feeding money of criminal origin into the financial system.
(2) Masking the origin of funds by frequently transferring and converting.
(3) Reintegrating the funds into the legal economy. See also money laundering law.
Industry:Banking
Move by a corporation (joint stock company) to raise its capital stock (share capital) by issuing additional shares or participation certificates.
Industry:Banking
Component of the Swiss Exchange system which matches bids and offers in the order book to bring about trades.
Industry:Banking
(1) A company's debts appearing on the liabilities side of its balance sheet. The liquidity requirements of Swiss banking legislation draw a distinction between short-term liabilities, which include those repayable on demand or often within one month, and total liabilities, consisting of all liabilities vis-à-vis third parties (including any provisions required). Frequently used as a synonym for obligations.
(2) The obligations of a business to its creditors, suppliers, customers, etc, as distinguished from those to its proprietors, partners or shareholders. Liabilities can be short-tem, medium-term or long-term. Opposite: assets.
Industry:Banking
Irrevocable commitment of a bank to make payment if a third party fails to supply specific goods or services. Main types of bank guarantee: bid bond, performance bond, advance payment guarantee, payment guarantee and credit guarantee.
Industry:Banking
Term referring to a bank with a special status within an underwriting syndicate, e.g. by taking on a larger allocation of the issue.
Industry:Banking
Safeguard for customer claims in the event of a bank filing for bankruptcy. According to Art. 37b of Switzerland's Banking Law, certain claims are privileged in bankruptcy up to an amount of CHF 100,000. Under a private law agreement between the banks, the latter would advance the amount of these privileged claims in the event of a bankruptcy.
Industry:Banking
(1) Synonym for licence fee.
(2) Remuneration for the assignment of land with exploitable raw materials (coal, oil, etc.) paid by the licensee to the owner of the land.
Industry:Banking
