- 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.
Right of a third party to purchase a specific asset at a particular point in time in the future. The right to take delivery is the buyer's security that the seller will be able to deliver the goods promised at any time throughout the term to maturity of an option.
Industry:Banking
Also: tender bond, tender guarantee, bid guarantee. Guarantee common in export financing and intended to prevent companies from tendering a bid and subsequently rejecting the mandate received because the transaction has in the meantime become unattractive, for example. This enables the buyer to protect himself against the tendering of dubious or unqualified bids. Bid bonds are often required for public tenders.
Industry:Banking
Risk that a debtor may be unwilling or unable to repay. The credit risk is particularly high in the area of foreign trade due to legislative differences between countries. See also credit risk.
Industry:Banking
Official exchange rate of a currency fixed by central banks. The rate is kept within the permitted fluctuation margin in trading on the foreign exchange markets, if necessary by central bank intervention through purchasing or selling the relevant currency. Opposite: floating. See also intervention point.
Industry:Banking
The net difference between the value of a country's exports and imports of merchandise, with exports listed on the assets side and imports on the liabilities side. The balance of trade is positive (in surplus) if exports exceed imports, and negative (in deficit) if the reverse is the case.
Industry:Banking
The underlying value of a forward or futures transaction. It is arrived at by multiplying the number of contracts by the contract size by the price of the underlying.
Industry:Banking
A company recorded in the share register of a stock corporation as a shareholder, but which does not actually own any shares. This practise is particularly commonplace when trading US registered shares outside the USA, as each transaction must be entered in the share register, which can be a problem because of the distance. However, where a nominee is entered in the share register, it issues a stock certificate attesting to the possession of these foreign registered shares. These can be traded in Switzerland in the same way as bearer shares.
Industry:Banking
A document issued by a company or public authority planning to float a bond or shares. As well as describing the modalities of the issue, the profit outlook and the securities to be issued, it also contains an invitation to subscribe. See also prospectus liability.
Industry:Banking
In the USA: bond whose indenture stipulates that the redemption of the bond issue will be paid in accordance with a specified redemption plan from a sinking fund specially created for this purpose.
Industry:Banking
Documentary credit under the terms of which the beneficiary may instruct the expressly authorised bank to make all or part of the credit available to one or more other beneficiaries (second beneficiaries).
Industry:Banking
