- 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.
A payment guarantee secures any claims by the seller on the buyer for payment of the contract price by the agreed date. Often used in the import-export business instead of a documentary credit where delivery is against 'open account'. The guarantee amount is as a rule the contract price or a part thereof. The term mostly corresponds to the period allowed for payment, plus 15 days for example. See also bank guarantee.
Industry:Banking
Period of time for which an investor wishes to invest part of his assets.
Industry:Banking
Reconciliation of the assets, liabilities and off-balance sheet operations of a bank in order to optimise profitability, liquidity and security within the possibilities offered by the law.
Industry:Banking
Extension of a short position until the next settlement date of the securities market, where the bank delivers the securities on a loan basis on the originally agreed settlement date and charges the client the relevant commission. Opposite: contango.
Industry:Banking
Also: high yield. Broad term for all credit ratings below BBB, signifying that the security is speculative in nature. See also investment grade.
Industry:Banking
Compensation paid for work performed, generally based on the volume of the transaction or expressed as a percentage of the profit. See also bank commission.
Industry:Banking
Guarantee, under the terms of which the guarantor can be ordered to pay prior to the principal debtor and prior to the realisation of the real estate mortgages if the principal debtor is in arrears with his or her payment despite reminders or is clearly insolvent (Article 496 of the Swiss Code of Obligations). See also simple guarantee, guaranteed credit.
Industry:Banking
