- 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.
An exchange rate which is allowed to move freely, finding its level as a function of supply and demand on the foreign currency market, and is subject to only limited intervention by the central bank. Opposite: fixed exchange rate.
Industry:Banking
A written conveyance of title to real estate property, but not its possession, to secure the payment of a debt or the performance of some obligation. Distinguished from a lien in that the creditor has actual title to the property and from a pledge in that the debtor retains possession. In Switzerland, such rights may take the form of a mortgage assignment or mortgage note. See also fixed-rate mortgage, portfolio mortgage.
Industry:Banking
Risk that a borrower will be unable to meet his/her payment obligations, and that the lender will suffer a financial loss. See also bad debt risk.
Industry:Banking
Also: impaired loan. A loan on which the borrower is late in repaying the agreed interest and/or capital or where the borrower is declared insolvent.
Industry:Banking
Term used in the securities business for subscription rights which are not sufficient to subscribe to a whole new share. The shareholder can either purchase additional rights on the market to buy whole new shares or can sell their fractional rights at the prevailing market price.
Industry:Banking
A constant used to simplify the calculation of interest, corresponding to the number of the days in the year divided by the rate of interest
Industry:Banking
O a figure: extrapolated for part of a year to reflect a hypothetical full year.
Industry:Banking
Statement listing data on the sales or purchases of securities, such as the buying or selling prices, numbers and types of securities, taxes and brokerage charged, and payment or credit dates.
Industry:Banking
Also: foreign exchange. Business activity which consists of the purchase and sale of currencies, holding currency positions, currency arbitrage and speculation on the currency markets. See also banknote trading.
Industry:Banking
Central bank policy which involves allowing exchange rates to be dictated by supply and demand on the foreign currency market. See also dirty floating.
Industry:Banking
