- 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.
Investment fund that invests in fixed-income securities. See also bond fund.
Industry:Banking
Bond which is rated BB+ or below by the leading rating agencies, or is of comparable quality. Because of their inferior credit quality, high-yield bonds offer a higher return than papers with a better credit rating, but also involve higher risks. The chief issuers of high-yield bonds are companies and emerging markets.
Industry:Banking
Bilateral financial transaction allowing credit risk to be isolated from other risks and from the instrument it is associated with and transferred from one counterparty to the other.
Industry:Banking
Also: banknote dealing, change. The exchange of cash in one's own currency into a foreign currency. Where cheques, bills of exchange or bank deposits are converted into a foreign country, the term foreign exchange trading or currency trading is used.
Industry:Banking
Also: price rally. Fast, strong uptrend in prices in the financial markets. See also bull market, boom.
Industry:Banking
Activity focused on exploiting expected changes in the market. Specifically, speculation refers to transactions entailing disproportionately high returns and risks.
Industry:Banking
Stock market term for selling a security one does not own but intends to buy later at a lower price to cover the sale. Until the purchase to close the transaction has been made, the trader is said to be short on the particular stock or security. Traders taking advantage of falling prices to go short are known as bears.
Industry:Banking
Exclusive right to issue banknotes. In Switzerland, this privilege has been granted to the Swiss National Bank by the Federal Government.
Industry:Banking
Exploiting arbitrage opportunities offered by differences in interest rates.
Industry:Banking
Also: book building procedure. Procedure in an initial public offering or issue of other securities in which the price expectations of large institutional investors are taken into account before the actual issue price is set. In contrast to a fixed-price procedure, the issuer carries the placement risk for book building.
Industry:Banking
