- 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.
Savings, lending or mortgage bank that initially drew up a mortgage loan or proposed a new securities issue.
Industry:Banking
Pension fund for the pooled investment of funds contributed exclusively by the employer. The invested capital can be used only for pensions or employee benefits.
Industry:Banking
Also: counter credit, back-to-back credit. Documentary credit which is granted to another beneficiary on the basis of an existing, non-transferrable documentary credit (prime/master/original letter of credit). Back-to-back credits are commonly used by middlemen when the original credit cannot be transferred and/or the terms of the two credits are not the same.
Industry:Banking
Abbr.: CIP. Clause used in the forwarding business meaning that the seller delivers the goods to the carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and additional costs occurring after the goods have been so delivered. However, in CIP the seller also has to procure insurance against the buyer's risk of loss of or damage to the goods during the carriage. See also CIF, FAS, FOB.
Industry:Banking
Pan-European blue chip exchange, set up by the London stock exchange «Tradepoint» and Swiss Exchange SWX and based in London. virt-x is the first pan-European blue chip platform, on which all European blue chips can be traded electronically and which offers integrated clearing and settlement with a central counterparty. One of the key facets of virt-x is the extremely high level of automation, which means that an order can be traded, cleared and settled with one mouseclick. Website: www.virt-x.com.
Industry:Banking
Also: payout diagram; payoff profile. Graph representing the correlation between the amount paid out for a derivative on maturity and the spot price of the underlying.
Industry:Banking
Capital transaction where a bond dealer borrows short-term funds and invests them in long-term bonds.
Industry:Banking
Machine that accepts banknote deposits for payment into a customer's account. See Bancomat International.
Industry:Banking
Forward purchase or sale of foreign exchange which is not offset by a corresponding spot transaction.
Industry:Banking
