- 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.
Any place or system where the requirements of business enterprises and public authorities or governments for medium- and long-term capital funds can be met. Opposite: money market.
Industry:Banking
Transactions under which the bank accepts borrowed funds and thereby assumes liabilities in respect of customers in the form of savings or investments. Also includes the issue of medium-term notes and own offerings. Opposite: lending business.
Industry:Banking
Clause linking the amount of a monetary payment to the value of a real asset or to changes in the price of real assets. Depending on the type of link, a distinction is for example drawn between a gold clause and an index clause.
Industry:Banking
The price paid for a future transaction or on the futures markets. Opposite: spot rate.
Industry:Banking
Also referred to as a currency area. Geographical area in which a currency is legal tender. A currency zone normally coincides with the national frontiers of a country because it is defined by the monetary order. Supra-national currency zones are created when a number of currencies are linked by convertible currencies with fixed exchange rates, e.g. franc zone, sterling zone. See also monetary union.
Industry:Banking
(1) In stock exchange trading, the difference between the par value and the higher market value of a security expressed as a percentage of the par value. Similarly in forex trading, the difference between a forward and spot rate, where the forward rate is the higher.
(2) Options: synonym for option price.
(3) Penalty payable if one party to a contract withdraws from a transaction.
(4) The amount of money payable for an insurance policy.
(5) The amount by which the price of a security exceeds its peers.
Industry:Banking
Also: cost averaging. Strategy of investing fixed amounts in regular purchases of certain securities (equities, investment fund certificates), thereby achieving a lower average purchase price. Investing fixed amounts means that fewer securities are purchased when security prices go up and more are purchased when security prices go down.
Industry:Banking
Opposite: floor.
(1) Maximum interest rate on floating rate bonds.
(2) Individually structured interest rate option that protects the buyer long-term against rising interest rates via a ceiling.
Industry:Banking
The efficient frontier line represents the set of portfolios with the highest expected return for each given risk level (or lowest risk for each given return level). Those portfolios are called "efficient" portfolios. See efficiency
Industry:Banking
