- 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.
A term referring to a transaction made conditionally because a security, although authorized, has not yet been issued.
Industry:Banking
Abbr.: CEF. Also: closed-end investment company. Investment fund in the form of a company (normally a public limited company) with fixed capital. A closed-end fund is not obliged to redeem units on demand. This type of investment fund is not legal in Switzerland. Opposite: open-end fund.
Industry:Banking
According to MiFID, all bank clients must receive appropriate information on the bank's best execution policy. The policy specifies that the bank must execute orders on the terms most favourable to the client.
Industry:Banking
According to MiFID, banks must be transparent regarding any fees, commissions and non-monetary benefits they receive or pay in connection with the provision of investment and ancillary services to clients.
Industry:Banking
According to MiFID, banks need to ensure proper management and transparency for potential conflicts of interest.
Industry:Banking
According to MiFID, when providing investment advice or portfolio management to a client, banks have to assess whether the service or product is suitable. For all other services, banks have to conduct an appropriateness test.
Industry:Banking
Also known as indirect listing. Term used in foreign exchange for a method of indicating currency prices, whereby one unit (or 100 units) of the home currency is expressed in units of a foreign currency. Most countries use direct listing.
Industry:Banking
Also suspense account.. An account for the temporary entry of charges or credits, pending determination of their ultimate disposal. Frequently used in connection with doubtful accounts receivable.
Industry:Banking
Also: barrier option. Option that in contrast to normal calls and puts is subject to certain restrictions which create better premiums. If the underlying of a limit option touches, exceeds or falls below a specific price or rate (barrier) during the term, the option is either activated or expires. See knock-in option, knock-out option.
Industry:Banking
Also: company limited by shares. Legal entity whose equity is publicly traded (mostly in the form of shares) and which is as a rule listed on one or several stock exchanges.
Industry:Banking
