- 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 umbrella organization of the Swiss regional banks, founded in 1994 with the aim of strengthening the regional banks and promoting collaboration between them. RBA-Holding performs central functions for its members relating to IT, bundling of business volumes, service standards and the purchasing of professional services. It also acts as a monitoring body. Do not confuse with the Reserve Bank of Australia (also RBA).
Industry:Banking
Note-changing machine which can be used irrespective of bank opening hours to change foreign currency notes into Swiss francs and vice versa.
Industry:Banking
Abbr.: LME. Exchange for non-precious metals such as aluminium, copper, nickel, tin and zinc, as well as for options and futures on these underlyings. Website: www.lme.co.uk.
Industry:Banking
Abbreviation: REIT. An exchange-listed US real estate company, at least 75% of whose capital is invested in the US real estate market. REITs enjoy special tax benefits (e.g. exemption from corporation tax). A distinction can be drawn between equity REITs, which themselves invest directly in large real estate projects such as hotels, shopping centres (malls) and office blocks, and mortgage REITs, which only make mortgages available to fund such construction projects.
Industry:Banking
Separation of lending business from securities business at a full-service bank in order to prevent a conflict of interests which would be detrimental to the client due to the confidentiality of the information concerned. In a banking system where investment banking and brokerage are segregated to prevent conflicts of interest Chinese walls are institutionalized by creating separate legal entities for the two businesses.
Industry:Banking
An investment fund established by a Swiss or other management company, based in Luxembourg but usually for the domestic market. Unlike Swiss products, these funds enjoy certain fiscal advantages, e.g. income is exempt from withholding tax.
Industry:Banking
International clearing company formed in 2000 from the merger of CEDEL and Deutsche Bank Clearing. Website: www.clearstream.com.
Industry:Banking
Canadian gold coin with a nominal value of CAD 50 and containing one ounce of pure gold. Coins containing 1/2, 1/4 and 1/10 of an ounce are also minted.
Industry:Banking
