- 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.
Loan secured by pledging securities and precious metals in order to finance stock market transactions. See also lombard loan.
Industry:Banking
Also: bureau de change. Banking department/teller area that handles currency exchange and related business (such as coin dealing, traveller's cheques and letters of credit)
Industry:Banking
Name commonly used for the International Bank for Reconstruction and Development. Like the International Monetary Fund, it was established in 1944 at Bretton Woods (USA) and has its headquarters in Washington. Both institutions now have more than 180 member countries. Switzerland has been a member since May 1992. The World Bank's primary mission is to fight poverty. In particular, it grants long-term investment loans to developing countries and finances long-term projects aimed at improving the economic and ecological standard of living of the population. Website: www.worldbank.org.
Industry:Banking
Abbr.: EMU. Established under the Maastricht Treaty on European Union. In the broader sense an economic and monetary union. Participating countries are obligated to pursue a common economic policy and use a single currency (euro). Entered into force on 1 January 1999.
Industry:Banking
Abbr.: ECB. Central bank of the European Monetary Union whose remit is to implement European monetary policy within the EMU. The headquarters of the European Central Bank are in Frankfurt; it is wholly independent and not subject to instructions from governments or the EU executive. The central banks of member countries, which also enjoy complete independence, remain in existence and along with the ECB constitute the European System of Central Banks (ESCB). Website: www.ecb.int.
Industry:Banking
Abbr.: EMI. Precursor of the European Central Bank responsible for coordinating monetary and economic policy in the EMU countries in preparation for the third phase of the introduction of the euro.
Industry:Banking
Abbr.: EMS. The European Monetary System I (EMS I) was a system of fixed, but nonetheless flexible, exchange rates determining the exchange rates for the currencies of certain EU member countries. Since the European Monetary Union came into force a new system (EMS 2) has governed the fixing of exchange rates between the euro and the currencies of those EU countries not participating in the single currency.
Industry:Banking
Range of services offered by banks for the active management of a client's assets under a portfolio management mandate. Asset management is essentially synonymous with portfolio management or wealth management but in practice often refers to the service provided to institutional investors. See also institutional investor.
Industry:Banking
Principles or models used for predicting future stock market performance or for explaining past price trends.
Industry:Banking
