- 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) Replacing an old, due or called bond issue by new bonds of the same company at different terms and conditions (debt restructuring or refinancing).
(2) Renewal of a bank-issued medium-term loan.
(3) Exchange of convertible bonds for shares.
(4) Forex: exchange of a credit balance or claim for one in a different currency.
(5) Synthetic forward purchase of an underlying by means of options. By purchasing a put and selling a call with the same exercise price, a falling market price is anticipated.
Industry:Banking
Liability towards shareholders and bondholders on the part of the authors and corporate bodies drafting a prospectus. Legislation in many countries embraces all losses caused by intentionally or negligently supplying inaccurate information or information which fails to meet the legal requirements.
Industry:Banking
(1) Also trade confirmation. Contract note issued by a securities, money or currency dealer in respect of a concluded transaction.
(2) Form for transmitting buy or purchase orders to the dealer.
Industry:Banking
Ability of borrowers to meet their payment obligations. Opposite: insolvency. See also willingness to pay.
Industry:Banking
Also: unit trust (UK), mutual fund (USA). Entity in which investors pool their capital for joint investment. The assets are managed by the fund management company for the account of the investors based as a rule on the principle of risk distribution. Depending on the type of investment fund, the assets may be invested in securities, money market instruments or in real estate; investments can also be made in special fund products and asset allocation funds. Swiss investment funds must have a variable capital and are obliged to redeem units whenever requested. See also securities fund, money market fund, real estate fund, country-specific fund, regional fund, sector fund.
Industry:Banking
Assessment of the figures and ratios in the balance sheet and income statement (profit and loss account) in order to appraise the standing and creditworthiness of a company or to evaluate the securities it has issued for investment purposes. See also securities analysis.
Industry:Banking
(1) Payment made to carry forward short positions.
(2) Situation in which the spot price of a currency plus the cost of rent and interest exceeds the forward price. Opposite: contango.
Industry:Banking
Also: direct underwriting. Undertaking by a bank or syndicate to assume the risk of buying a new issue of securities and to offer them for public subscription at its own risk.
Industry:Banking
