- 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.
The percentage rate of interest which a bank or other lender deducts in advance from loans made, or from the face value of bills of exchange or commercial paper bought. It is calculated for the period from presentation to maturity of the instrument. The amount of the discount rate depends on the liquidity of the financial markets and the party liable under the bill. Swiss commercial banks apply the private discount rate in their discounting operations; as a rule, this is higher than the official discount rate of the Swiss National Bank.
Industry:Banking
A series of data used as a proxy for the development of another statistic. See also economic indicator.
Industry:Banking
Investment fund which invests in a specific geographic region or economic area.
Industry:Banking
A common form of bank guarantee in the USA and Asia. May be used for all types of guarantee, in particular as a payment guarantee. It also serves as security for the event a third party fails to meet a promised obligation.
Industry:Banking
Customs or practices in trading or business that have become established over the years, e.g. stock exchange practice.
Industry:Banking
All measures imposed by government bodies through legislation or collective agreements to establish a social security system that provides for retirement and invalidity. In Switzerland, the compulsory saving takes the form of mandatory pension savings and essentially covers contributions to the first pillar (AHV) and the second pillar (occupational pension schemes).
Industry:Banking
Safeguarding, fiduciary. Used in banking for account and custody account maintenance with a management agreement. See also managed account.
Industry:Banking
Position taken by the purchase or sale of a contract but not yet closed by an opposite position.
Industry:Banking
Lien on movable property without transfer of title to the pledgee. Instead the lien (pledge) is entered in a register, and the pledged item itself remains the property of the pledgor. Applied to the pledging of livestock, ships and airplanes as collateral.
Industry:Banking
