- 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.
Means of enhancing profitability using borrowed money by exploiting the fact that the rate of interest on equity capital is higher than the interest payable on borrowed funds. A leverage effect can also be achieved with derivatives, enabling market operators to invest in sizeable holdings of an underlying for a relatively modest capital outlay. The upshot of leveraging is that any percentage change in the gains and losses on options and futures contracts will be larger than the corresponding change in the underlying.
Industry:Banking
Statistical measure of the linear relationship between two series of figures (e.g. performance of a security and the overall market). A positive correlation means that as one variable increases, the other also increases. A negative correlation means that as one variable increases, the other decreases. By definition, the scale of correlation ranges from +1 (perfectly positive) to -1 (perfectly negative). A correlation of 0 indicates that there is no linear relationship between the two variables.
Industry:Banking
(1) In the Swiss context only: a fixed or variable-rate security legally classed as a bond or debenture issued as a private placement. The maturity is usually between five and seven years. Notes are inexpensive financing instruments for foreign issuers and have become a popular medium-term investment among institutional investors.
(2) In other contexts, a note is a credit instrument consisting of a written, unconditional promise to pay a sum of money at some specified future date to a named person or to bearer.
Industry:Banking
Tax collected at source by withholding the amount of the tax from payments due to the taxpayer. See withholding tax.
Industry:Banking
English gold coin, made from 22 carat gold and first minted in London in 1816 under Queen Victoria. Due to Britain's numerous colonies, the sovereign became widely accepted and used worldwide and was long regarded as the quintessential unit of currency and investment. Half sovereigns were also issued.
Industry:Banking
Financing method used by pension funds under which employees' contributions during a particular period cover the benefits paid out to the retirement beneficiaries during that period. The Swiss state old age and surviving dependants' pension scheme (AHV) is a pay-as-you-go system. Opposite: funded system.
Industry:Banking
Period during which subscriptions to a new securities issue can be accepted by the subscribing agent (usually a bank).
Industry:Banking
Security with comparatively low price and earnings fluctuations in contrast to speculative securities. Defensive investments such as blue chips and bonds are especially suitable for long-term capital investment.
Industry:Banking
Endorsement not bearing the name of the endorsee. The instrument merely contains the signature of the endorser. See also assignment in blank.
Industry:Banking
Valuation of all securities held in a safekeeping account at current market or taxable value prices. See also portfolio analysis.
Industry:Banking
