- 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 forced sale of the assets pledged as security to the bank for a loan if the credit utilisation exceeds the lending value of the pledged collaterals or if the customer is in default regarding repayment of principal or payment of interest.
Industry:Banking
Legally stipulated amount of gold which is equivalent to one currency unit. The Swiss Federal Law on Currency and Legal Tender, which came into force on 1 May 2000, abolished the gold parity principle in Switzerland.
Industry:Banking
Inability to meet payment obligations leading to the enforced liquidation of the assets of a debtor entered in the Commercial Register. The proceeds of the liquidation are distributed among the creditors according to a specific plan. In UK English the term «bankruptcy» can only apply to individuals - «insolvency» should be used for companies. See also: schedule of creditors.
Industry:Banking
A mortgage note made out to order, under which only the party named on the mortgage note can claim the rights arising from the mortgage note.
Industry:Banking
Special order used by the holder of a postal checking account to dispose over the balance in his account and make payments.
Industry:Banking
Shares with a market price which far exceeds the average. They are therefore generally acquired only by large investors.
Industry:Banking
Banking system under which certain business areas must be strictly separated. The best-known example was the separation of commercial and investment banking in the USA from 1933 to 1999 (Glass Steagall Act). However, these restrictions were lifted when the law was changed in 1999, and it is therefore now also possible to operate as a full-service bank, i.e. to provide all financial services (including insurance) via a holding structure. Opposite: full-service or universal banking. See also full-service bank.
Industry:Banking
Reciprocal settlement (clearing) of the securities transactions of banks or brokers via common clearing houses. This not only facilitates the technical processing of securities trades but also reduces book and account entries to a minimum. Futures clearing covers all securities bought and sold forward, whereas spot clearing covers spot transactions.
Industry:Banking
Restructuring of the capital stock of a company by combining several of the old shares into one new share or preferred (preference) stock and common stock into a single share category.
Industry:Banking
Also: unlimited. Order from a client for the purchase or sale of a security to be executed by the bank at the best possible price. No maximum or minimum price is prescribed. See also market order. Opposite: limited.
Industry:Banking
