- 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 fund raising technique for companies willing to exchange equity in return for money to grow or expand the business.
Industry:Banking
(1) An order to a bank from a customer instructing it to make a payment in favour of a third party.
(2) Authorization to transfer money, securities or other fungibles for the account of the authorizing party to another person entitled to receive the same in his own name (Article 466, Swiss Federal Code of Obligations). Article 1147 stipulates that payment orders not designated as bills of exchange but made out expressly to the order of a beneficiary and otherwise meeting the requirements of a drawn bill are bill-like payment orders.
Industry:Banking
An obligation on the part of banks and their employees to keep customer data confidential. In Switzerland, the violation of banking secrecy is a public offence under Article 47 of the Banking Law. However, under the law governing criminal procedure and other legal provisions, the banks have an obligation to provide the authorities with information and testify before them.
Industry:Banking
Any stock market order concluded. On the Swiss Exchange a trade is a securities transaction effected between members either on-exchange or over-the-counter.
Industry:Banking
The price quoted on an options exchange to buy or sell an option. See also option transaction.
Industry:Banking
Authorization to represent a client on the basis of a power of attorney.
Industry:Banking
Person who performs brokerage services in his capacity as owner of a banking institution or as an executive employee of a bank.
Industry:Banking
Also: repurchase price. The price at which an investment fund is obliged to repurchase fund units. The redemption price is charged to the fund's assets and corresponds to the net asset value less any redemption commission and (in the case of Swiss investment funds) the expenses incurred in connection with the sale of investments
Industry:Banking
The monetary system of a country or group of countries. Currencies can be referred to as being hard or soft depending on the level of confidence they enjoy worldwide. See also external value, ISO code.
Industry:Banking
