- 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.
A draft passed on by the drawer with certain details left blank. The recipient is entitled to complete the draft himself on pre-agreed terms. Liability remains with the drawer.
Industry:Banking
Also custody price. The annual fee charged by banks for the custody and administration of securities.
Industry:Banking
Ratio of options or futures to the number of underlyings at which the portfolio is fully hedged. The hedge ratio is the reciprocal of the delta.
Industry:Banking
Cheque provided with a separate tearsheet designed for writing messages to the recipient or beneficiary.
Industry:Banking
Also: bank of issue. Bank vested with the right to issue bank notes (note-issuing privilege). In addition to performing this key historic function, today's note-issuing banks are also responsible for organizing monetary operations in the broadest sense, mainly by implementing a monetary policy that serves the interests of the country. Example: Swiss National Bank.
Industry:Banking
In contrast to full consolidation, a method whereby the results of subsidiaries are consolidated in the group accounts on a pro rata basis according to the size of the group's equity interest. Proportionate consolidation is used in particular for the consolidation of joint ventures.
Industry:Banking
Savings account maintained in book form. Although once widely used, it has now largely been replaced by the savings account.
Industry:Banking
Also referred to as turnover fee. Commission charged to the accountholder and calculated on the basis of the current account turnover.
Industry:Banking
(1) Record, attestation, confirmation.
(2) Collective document of title to one or more units in an investment fund.
(3) Synonym for stock certificate.
Industry:Banking
