- 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.
Fixed-income security issued by an industrial firm. See also bond, government bond.
Industry:Banking
Guarantee furnished by a bank that in the event of non-performance of an agreement it will reimburse the customer for amounts paid.
Industry:Banking
Only valid on the trading day specified in the order. If a stock exchange order labelled «valid for one day» cannot be executed as specified, it lapses automatically. Opposite: good-till-cancelled order. See also stock market order.
Industry:Banking
Also referred to as a swap. An arrangement in which a currency is sold at the spot rate and then immediately repurchased forward or the other way round. Currency swaps are used to hedge currency risks on export credits. See also swap, spot transaction.
Industry:Banking
(1) Original meaning: coins which by law must be accepted as legal tender without restrictions. See also divisional coin.
(2) In Switzerland, gold coins that have been in circulation since 1850 but have not been minted for a long time, e.g. the «Goldvreneli».
Industry:Banking
An account where the name of the accountholder is known only to a small circle of people within the bank, as all transactions are processed under a number.
Industry:Banking
Method customarily used for calculating interest on current accounts, with interest based on the daily balance. Interest is paid on the existing balance until it changes.
Industry:Banking
Increase in the price or rate of securities, foreign exchange, bank notes, etc.
Industry:Banking
In currency trading: price quote for a currency in which one unit (or 100 units) of a foreign currency are expressed in units of the domestic currency. See also indirect listing.
Industry:Banking