- 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.
(1) The amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.
(2) The estimated value of all assets and liabilities of an acquired company used to consolidate the financial statements of both companies.
(3) In the futures market, fair value is the equilibrium price for a futures contract. This is equal to the spot price after taking into account compounded interest (and dividends lost because the investor owns the futures contract rather than the physical stocks) over a certain period of time.
Industry:Banking
Repurchase by a company of shares acquired by a raider, with a view to preventing a complete takeover. Usually involves payment of a price considerably above the market value of the shares involved.
Industry:Banking
Also: syndicate. An association of independent companies in the form of an ordinary partnership formed to bid for and, if successful, to undertake a project requiring a pooling of skills and resources. For example, banks often form consortia to undertake large-scale financial operations (bond issues, capital increases, loans, etc.) for common account.
Industry:Banking
(1) Synonym for negative mortgage clause.
(2) Synonym for negative pledge clause.
Industry:Banking
Also: prime rate (USA). Rate at which banks discount bank acceptances and first-rate commercial paper. Also called private discount rate.
Industry:Banking
Group of banks or securities dealers invited by the syndicate manager of an issue to participate in its placement. On the EUR capital market, banks and securities dealers that need not belong to the management group or the underwriting group are invited to participate in the selling group. They are not exposed to any placement risk, but receive a commission for their placement efforts.
Industry:Banking
Term that indicates that the price of a security is higher than its nominal value. Opposite: below par. See also premium.
Industry:Banking
Documentary credit that can be modified or cancelled at any time. The revocable letter of credit is hardly ever used because it offers little security.
Industry:Banking
Short-term loan under which the bank permits the customer to draw bills up to a certain amount (credit line). The bills are then accepted and usually also discounted by the bank as agreed.
Industry:Banking
Debt enforcement applied where no assets have been pledged and the debtor is not entered in the commercial register with a function which renders them subject to debt enforcement by bankruptcy proceedings. Debt enforcement by seizure is the most common type of debt enforcement.
Industry:Banking
