- 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 amount an insurance company will repay to a policyholder who wishes to terminate his policy early. Usually, the life insurance policy premiums must have been paid for at least three years. The surrender value is used as a guideline for determining the credit line granted against the pledge of life insurance claims as collateral.
Industry:Banking
Selling technique in the issuing business whereby the price/return are not defined by the issuer or seller but instead on the basis of bids submitted by the investors or buyers.
Industry:Banking
A fund raising technique for companies willing to exchange equity in return for money to grow or expand the business.
Industry:Banking
Also: non-interest business. Transactions conducted by the bank which are not reported in the balance sheet. Under Swiss law these include contingent liabilities (e.g. guarantees), irrevocable commitments, liabilities for calls on shares, commitment facilities, open derivatives contracts and fiduciary transactions. These transactions must be reported separately below the line and underpinned by equity capital. Bank services such as investment counselling, asset management, securities trading and payments also fall under off-balance-sheet operations.
Industry:Banking
Research which produces financial reports for portfolio managers, fund managers, relationship managers and private banking clients, who are then in a position to purchase the securities on their own account. Opposite: sell-side research.
Industry:Banking
Settlement date for forward currency contracts that does not coincide with standard contract periods.
Industry:Banking
Initial distribution of part of the annual dividend on a company's shares. Dividends may be paid quarterly or half-yearly, on the basis of the company's ongoing accounts. Interim dividends are generally low and are kept as even as possible. The balance is paid out in the form of the final dividend. Interim dividends are common in countries such as the US; in Switzerland, only annual dividends are permitted. See also dividend, final dividend.
Industry:Banking
Period in which the lead underwriter restricts insiders from selling their shares for a period of time, usually 180 days, from the effective date of the offering.
Industry:Banking
Known simply as a warrant. Type of security, usually issued together with a bond or preferred stock, entitling the holder to buy a proportionate amount of common stock at a specified price for a period of years.
Industry:Banking
Abbr. RUF. Short to medium-term security traded on the Eurocommercial paper market. The lead manager acts as the sole placing agent. Renewable after expiry as required. Similar to note issuance facility.
Industry:Banking
