- 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.
Expression denoting that interest is payable at the beginning of the interest period (year, six months, etc.). Also used for any other payments made ahead of time (e.g. rents). Opposite: payable in arrears.
Industry:Banking
The growing trend of corporate borrowers to issue marketable securities on the financial markets as opposed to raising bank loans and credit from other financial institutions.
Industry:Banking
Fiduciary transactions are fundamentally characterized by the fact that a trustee or fiduciary acquires in his own name goods, assets or claims (receivables) at the instructions of the trustor or beneficiary and manages the assets held in trust in the interest of the principal and in accordance with his instructions. The trustee or fiduciary acts in his own name but for the account and at the risk of the trustor or beneficiary. Fiduciary transactions performed by a bank in the form of money market investments or as fiduciary loans are effected or granted in its own name, but in response to a written order, exclusively for the account and at the risk of the customer (fiduciary investments, fiduciary loans). The principal bears the currency, transfer and del credere risks. Fiduciary transactions rank among off-balance-sheet business but are shown by banks under the line. In the wider sense of the word they also include all other transactions entrusted to a fiduciary or trust company.
Industry:Banking
A bank's business with large corporate clients. Opposite: retail banking.
Industry:Banking
Portfolio management strategy where the manager makes specific investments with the goal of outperforming a benchmark index.
Industry:Banking
Company in which another company has a minority holding. See also holding company.
Industry:Banking
(1) Transaction to cover stock market obligations incurred.
(2) Forcible settlement of a stock market transaction if the other party fails to meet its obligations.
Industry:Banking
Abbr.: ERG. A guarantee provided in respect of receivables from export business. The Swiss federal export risk guarantee system has been in existence since 1934. On Jan 1, 2007 SERV, a federal institute under public law became ERG's successor. Export risk guarantees are not limited to exports of physical goods, but can also be extended in respect of many other forms of economic transactions, such as the leasing of goods, construction, engineering and development services, licensing, and scientific, technical and corporate consulting.
Industry:Banking
Bond issued before 1 March 2001 that have not been supplemented since 1 March 2002 whose interest income is not subject to the EU interest tax directive during a transitional period through 2010. Under the directive, 12 of the 15 old EU member states and all 10 new member states must be notified of cross-border interest payments to EU citizens. Austria, Belgium and Luxembourg require imposition of a source tax. The directive entered into effect in 2005.
Industry:Banking
Joint (usually large-scale) financing operation (bond issue, loan, etc.) by several banks which have formed a syndicate or consortium for the purpose. See also syndicated credit.
Industry:Banking
