- 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.
Legally prescribed procedure for declaring lost securities invalid. This improves the position of the owner of the securities by reinstating him with the same rights he had before the securities were lost. Only a court can declare securities invalid.
Industry:Banking
Powers granted to a central bank in respect of credit, monetary and currency policy. Areas commonly covered include discount and lombard policy, repurchase transactions, open market policy and the definition of minimum reserves.
Industry:Banking
Savings deposits managed in the form of a bank account offering special legally defined protection (preferred claim under bankruptcy). Reflecting the savings nature of the account, withdrawal options are more restricted than with a personal account but the interest is usually higher.
Industry:Banking
Credit that is not granted for a specific period of time and where repayment can generally be demanded at any time (e.g. overdraft facility).
Industry:Banking
Tax-exempt foundation for the collective investment and management of the capital accumulated by Swiss company pension funds. As with investment funds, company pension funds may buy or sell so-called claims on their sub-funds. These sub-funds vary depending on their asset class and currency (some are mixed).
Industry:Banking
Share of a company of prime borrower standing. Original meaning of word: fragment of a diamond.
Industry:Banking
Also: depositary; depository. Bank or broker where the valuables contained in a custody account are stored for safekeeping.
Industry:Banking
Bill of exchange not directly connected with an actual business transaction. Frequently takes the form of a promissory note. Finance bills include Treasury notes, bills issued by public authorities and banker's acceptances.
Industry:Banking
