- 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 share in the profits of a limited company (corporation) or cooperative. The rate of dividend is determined at the General Meeting upon the proposal of the Board of Directors. Distributions to the owners of participation certificates and dividend-right certificates are also called dividends. Dividends can take the form of a cash dividend (payment in cash), stock dividends and dividends in kind.
Industry:Banking
Influence exerted on the money supply and interest rates by the central bank through purchases and sales of short-, medium- and long-term debt instruments on the money or capital market for its own account. See also monetary policy instruments.
Industry:Banking
Medium of payment created especially for use in international travel and tourism. In contrast to conventional cheques, traveller's cheques must be paid in advance by the buyer. They can be cashed at most banks and many businesses in other sectors (shops, hotels, etc) subject to verification. Traveller's cheques are issued by banks, groups of banks or travel organizations and are made out in round amounts. Example: Swiss Bankers Travellers Cheque.
Industry:Banking
Also: market value. The price at which a security (share or bond, etc.) is traded on the stock exchange. The market price changes independently of the par value, if any, of the security in response to supply and demand.
Industry:Banking
Balance sheet of a company covering a period ending between the regular annual closing dates. According to Article 23b of the Ordinance to Swiss Banking Law, the banks falling under the law with total assets exceeding CHF 100 million must draw up and publish interim financial statements (balance sheet plus income statement). Article 7 of the Banking Law further states that under certain circumstances the banks must submit monthly interim balance sheets to the Swiss National Bank. See also balance sheet.
Industry:Banking
System of holding securities in safekeeping in non-certificate form, i.e. purchases and sales are merely recorded in customers' accounts. Security certificates are only printed at the express wish of the customer, e.g. for over-the-counter delivery.
Industry:Banking
Increase in the average level of prices with resulting decrease in purchasing power.
Industry:Banking
Under the Swiss Stock Exchange Act, buyers acquiring more than one-third of the voting rights of a listed company via a takeover are required to offer to buy the shares of all other shareholders at the same price. Companies can make a provision in their articles of association opting out of this requirement or increasing the threshold to 49% (opting up).
Industry:Banking
