- 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.
Method of valuing and accounting for associated companies in the consolidated financial statements based on the percentage of net asset value held.
Industry:Banking
Fundamental figure describing the average percentage change in earnings per share.
Industry:Banking
Promissory note or bill of exchange issed to secure an obligation. Enables summary bill enforcement procedure in the case of non-performance by the debtor.
Industry:Banking
Phenomenon whereby investors switch from a large to a small currency area, which has a greater impact on the small currency area than on the large one.
Industry:Banking
Long-term loans granted by the central mortgage bond institutions to their member banks to refinance credits secured by mortgage collateral.
Industry:Banking
Component of Switzerland's three-pillar pension system. While contributions to pillar 1 (state pension) and minimum provisions under pillar 2 (occupational pensions) are required by law (compulsory savings), pillar 3 pension plans are optional private schemes. They are divided into pillar 3a schemes (tax-privileged) and pillar 3b schemes (unrestricted access savings). For persons in gainful employment, payments into pillar 3a schemes are tax-privileged up to an annual maximum.
Industry:Banking
Payment order written by one person (the drawer) directing another person (the drawee) to pay a certain amount of money at a specified future date to a third party. It designates a named beneficiary but is transferable by endorsement. Discount credit when sold to a bank. See also promissory note, acceptance, draft.
Industry:Banking
(1) Synonym for key interest rate.
(2) The rate of interest charged by US/Canadian banks for first-class or prime short-dated commercial paper.
Industry:Banking
Abbr.: BESR. Payment slip used in Switzerland for the efficient, low-cost invoicing of domestic business transactions. Funds paid into the account are notified to the client (on data carriers or by file transfer) for automatic reconciliation of accounts receivable.
Industry:Banking
An order to or from the drawee (usually a bank), cheque holder or another named person, that is payable on demand and linked to specific formalities, to pay a specified sum of money. Unlike a bill of exchange, a cheque is not a means of credit but a means of cashless payment. In Switzerland, cheques may be drawn only on a bank or the Post Office where the cheque issuer has a credit balance available to cover cheque transactions. Cheques made out to the bearer can be transferred to others simply by handing them over. Crossed cheques are limited in how they can be used. See also traveller's cheque, correspondence cheque, crossed cheque, blank cheque, banker's draft.
Industry:Banking
