- 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 order of claim established by senior and junior mortgages to the underlying real estate serving as collateral for the mortgage. The mortgages are entered in the Land Register in the order of their priority (first mortgage, second mortgage, etc.). The claim is generally realised (the mortgage foreclosed) by an action or proceedings brought by the creditor against the debtor after the latter has defaulted or as a consequence of the debtor's bankruptcy.
Industry:Banking
Banking: period during which certain securities are not placed freely at the owner's disposal (e.g. securities or employee shares deposited as collateral).
Industry:Banking
Long or short position which is not hedged by a corresponding opposite position. See also long position, short position.
Industry:Banking
Exploiting arbitrage opportunities offered by differences in interest rates.
Industry:Banking
Assets acquired by a company that are not intended for immediate consumption, e.g. land, machinery, tools, equipment, furniture, etc. Also includes certain immaterial values (patents, licenses, processes) and permanent participations. Opposite: current assets.
Industry:Banking
Also: book building procedure. Procedure in an initial public offering or issue of other securities in which the price expectations of large institutional investors are taken into account before the actual issue price is set. In contrast to a fixed-price procedure, the issuer carries the placement risk for book building.
Industry:Banking
Dismantling or abolition of state intervention in economic matters with the purpose of reducing the influence of the state in the economy, abolishing bureaucratic obstacles and legal regulations.
Industry:Banking
Stock market term for selling a security one does not own in the hope of purchasing it later at a lower price to cover the sale and thereby making a profit. Until the purchase to close the transaction has been made, the trader is said to be short on the particular stock or security. Traders taking advantage of falling prices to go short are known as bears.
Industry:Banking
Tax relief granted to holding companies by the Swiss federal government and most cantons.
Industry:Banking
An internationally accepted form of payment, permitting the cashless purchase of goods and services upon production and signature. Bills are issued monthly. Credit cards can be used at companies (shops, hotels, restaurants, transport companies, etc.) which have joined the appropriate credit card associations. Cash can also be withdrawn from ATMs using a PIN. Credit card companies include MasterCard, VISA, Diners Club and American Express.
Industry:Banking
