- 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.
Ability of borrowers to meet their payment obligations. Opposite: insolvency. See also willingness to pay.
Industry:Banking
Also: unit trust (UK), mutual fund (USA). Entity in which investors pool their capital for joint investment. The assets are managed by the fund management company for the account of the investors based as a rule on the principle of risk distribution. Depending on the type of investment fund, the assets may be invested in securities, money market instruments or in real estate; investments can also be made in special fund products and asset allocation funds. Swiss investment funds must have a variable capital and are obliged to redeem units whenever requested. See also securities fund, money market fund, real estate fund, country-specific fund, regional fund, sector fund.
Industry:Banking
Assessment of the figures and ratios in the balance sheet and income statement (profit and loss account) in order to appraise the standing and creditworthiness of a company or to evaluate the securities it has issued for investment purposes. See also securities analysis.
Industry:Banking
(1) Payment made to carry forward short positions.
(2) Situation in which the spot price of a currency plus the cost of rent and interest exceeds the forward price. Opposite: contango.
Industry:Banking
Also: direct underwriting. Undertaking by a bank or syndicate to assume the risk of buying a new issue of securities and to offer them for public subscription at its own risk.
Industry:Banking
Freely convertible currency characterised by low inflation rates in the country of issue and particularly high currency stability. Opposite: soft currency.
Industry:Banking
Cash amount payable to the bondholder on conversion of a bond or payable to the company by the bondholder if the adjustment is negative. It is made up as follows:
(1) Accrued interest if the term of the new bonds begins after the coupon due date of the old ones.
(2) The amount of the difference in interest if the terms overlap and interest rates differ.
(3) The price difference if the new bonds are issued above or below par value.
Industry:Banking
Mortgage loan that does not conform to US agency-established limits such as loan-to-value ratio, term to maturity and other characteristics. Non-conforming mortgages are usually mortgages not meeting the purchase requirements of the two Federal agencies, Fannie Mae and Freddie Mac, because they are too large or for other reasons such as poor credit or inadequate documentation.
Industry:Banking
Share issued by companies with a relatively low stock market capitalization, a low public profile and thin trading volumes. See also: large cap, mid cap.
Industry:Banking
If demand for an issue exceeds the bond amount announced, the issue is said to be oversubscribed. See also allocation and stagging.
Industry:Banking
