- 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.
A mortgage note made out to order, under which only the party named on the mortgage note can claim the rights arising from the mortgage note.
Industry:Banking
Special order used by the holder of a postal checking account to dispose over the balance in his account and make payments.
Industry:Banking
Shares with a market price which far exceeds the average. They are therefore generally acquired only by large investors.
Industry:Banking
Banking system under which certain business areas must be strictly separated. The best-known example was the separation of commercial and investment banking in the USA from 1933 to 1999 (Glass Steagall Act). However, these restrictions were lifted when the law was changed in 1999, and it is therefore now also possible to operate as a full-service bank, i.e. to provide all financial services (including insurance) via a holding structure. Opposite: full-service or universal banking. See also full-service bank.
Industry:Banking
Reciprocal settlement (clearing) of the securities transactions of banks or brokers via common clearing houses. This not only facilitates the technical processing of securities trades but also reduces book and account entries to a minimum. Futures clearing covers all securities bought and sold forward, whereas spot clearing covers spot transactions.
Industry:Banking
Restructuring of the capital stock of a company by combining several of the old shares into one new share or preferred (preference) stock and common stock into a single share category.
Industry:Banking
Also: unlimited. Order from a client for the purchase or sale of a security to be executed by the bank at the best possible price. No maximum or minimum price is prescribed. See also market order. Opposite: limited.
Industry:Banking
Also: advances, due from banks and customers. In general, that which is due and collectable. The total amounts due on goods sold, services rendered or money loaned. In bank balance sheets, unsecured current account loans (overdrafts). Opposite: deposits.
Industry:Banking
Provision of the capital required for the export of goods and (for export financing in the broad sense) for services such as construction, engineering and development work abroad. Export financing normally takes the form of a supplier credit by the exporter and the utilization of bank loans. Letters of credit play a major role in short-term export financing. Medium to long-term financing by banks is the main form of export financing in Switzerland today. Special forms of export financing: countertrades. Export financing in Switzerland is in many cases used in conjunction with federal export risk guarantees (SERV).
Industry:Banking
Short for Zurich gold pool. Name of the gold trading organization set up by Switzerland's big banks in March 1968 after a two-tier gold market had been created.
Industry:Banking
