- 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.
The setting of firm reference prices, e.g. for silver, gold and platinum. Prices are re-set at the same time each day. Reflecting the prevailing market conditions at the time it is set, the fixed price remains valid for all trader transactions until next determined.
Industry:Banking
Also: off exchange. Securities transactions outside the stock market on the so-called over-the-counter market. On the Swiss stock exchange: trading that is not carried out via the so-called matchers of the stock exchange system. Over-the-counter transactions must also be registered. See also post-market trading.
Industry:Banking
Also: credit facility, borrowing limit, credit line. An amount up to which the bank will lend money to a particular customer. Customers can draw down any unutilized part of the credit line immediately as they require, without needing to submit a further application.
Industry:Banking
(1) Formal communication to the borrower by the former or new creditor when a claim is assigned or assets pledged as security.
(2) Under bill of exchange law, notification means the legally prescribed communication addressed by the cheque or bill holder to the previous holder and drawer or by the endorser to the previous endorser concerning the refusal of the drawee to pay under the bill.
Industry:Banking
Classification of the credit quality of an individual, firm, bank or state, or of securities issued by them. Awarded by banks or specialized rating agencies.
Industry:Banking
(1) Bonds or shares (e.g. securities acquired under stock option plans) which may not be sold before a certain date.
(2) Securities reported lost or stolen and hence barred from trading.
Industry:Banking
Security which is not listed for trading on an official stock exchange. See also over-the-counter trading.
Industry:Banking
Coupon attached to bonds and medium-term notes and presented to collect interest on the due dates.
Industry:Banking
(1) Medium- to long-term securities (usually fixed-interest) issued and offered for public subscription during a specified period as a means of raising capital. In Switzerland, bond issues usually run for 5-15 years. In many cases the borrower and/or bondholder is given the right to repay or redeem all or part of the issue prior to final maturity upon observance of a notice period. Special forms include convertible bond issues, index-linked bond issues, foreign bond issues and Eurobonds.
(2) See also bond.
Industry:Banking
Bill of lading confirmation that the goods accepted for transportation have actually been shipped on board.
Industry:Banking
