- 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.
Abbr.: FED. The central bank system in the United States, established by the Federal Reserve Act in 1913 and consisting of 12 Federal Reserve Banks, one in each Federal Reserve District.
Industry:Banking
Also: appreciation. Increase in the external value of a currency in terms of other currencies. In a system of fixed or bloc-linked exchange rates, revaluation is effected through legal or official increases in the parity of a currency against the other currencies or the key currency (formerly against gold). In the case of flexible or floating exchange rates, appreciation is the result of a rise in the exchange rate on the currency market in response to supply and demand. Opposite: devaluation.
Industry:Banking
Abbr.: GDP. Measure of macroeconomic performance within the domestic economy over a given period of time. See also gross national product.
Industry:Banking
A draft drawn by the seller on the buyer and accepted by the latter in connection with a documentary collection. If the draft contains the notation D/A (documents against acceptance) the documents are handed over upon acceptance of the draft. If it is marked D/P (documents against payment), they are handed over only after the acceptance has been paid. See also draft.
Industry:Banking
Reserves constituted over and above the minimum required by law. They may be provided for by a company's articles of association or by a resolution of the body which oversees the company's operations, e.g. the General Meeting. See also statutory reserves.
Industry:Banking
Debt instrument, or note, made out to the bearer. Whoever holds the note at any given time is the creditor.
Industry:Banking
Also: authentication. To give legal validity to documents or signatures by having them verified by authorized officials. See also apostille.
Industry:Banking
When companies move their operations outside of the country in order to save costs.
Industry:Banking
The total income produced by a capital investment expressed in percent. In the case of bonds, the yield to maturity or yield to the earliest possible redemption date is usually taken, the total return being calculated by dividing the annual interest payments and price changes to redemption by the number of years left to maturity.
Industry:Banking
Also: hidden reserves. Reserves not shown in the balance sheet of a company; for example, if the market value of an asset is higher than its book value. Other forms: replacement reserves (maintenance of real-asset values and equity capital) and other undisclosed reserves. In Switzerland, any dissolution of undisclosed reserves which has a significant impact on the company's results must be declared in the annual financial statements. Undisclosed reserves enhance a company's creditworthiness. Opposite: disclosed reserves. See also reserves.
Industry:Banking
