- 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.
Also: renewal. Extension of the maturity or running period of a transaction or an order. If a stock exchange transaction is not executed at the performance date as agreed but further extended, the act of postponement is known as a prolongation (carry-over transaction). Postponing the due date of a bill is called bill renewal or prolongation.
Industry:Banking
Willingness of a company to meet its payment obligations. See also liquidity, solvency.
Industry:Banking
Right of a third party to purchase a specific asset at a particular point in time in the future. The right to take delivery is the buyer's security that the seller will be able to deliver the goods promised at any time throughout the term to maturity of an option.
Industry:Banking
Also: tender bond, tender guarantee, bid guarantee. Guarantee common in export financing and intended to prevent companies from tendering a bid and subsequently rejecting the mandate received because the transaction has in the meantime become unattractive, for example. This enables the buyer to protect himself against the tendering of dubious or unqualified bids. Bid bonds are often required for public tenders.
Industry:Banking
Risk that a debtor may be unwilling or unable to repay. The credit risk is particularly high in the area of foreign trade due to legislative differences between countries. See also credit risk.
Industry:Banking
Official exchange rate of a currency fixed by central banks. The rate is kept within the permitted fluctuation margin in trading on the foreign exchange markets, if necessary by central bank intervention through purchasing or selling the relevant currency. Opposite: floating. See also intervention point.
Industry:Banking
The net difference between the value of a country's exports and imports of merchandise, with exports listed on the assets side and imports on the liabilities side. The balance of trade is positive (in surplus) if exports exceed imports, and negative (in deficit) if the reverse is the case.
Industry:Banking
The underlying value of a forward or futures transaction. It is arrived at by multiplying the number of contracts by the contract size by the price of the underlying.
Industry:Banking
