- 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.
Also referred to as a swap. An arrangement in which a currency is sold at the spot rate and then immediately repurchased forward or the other way round. Currency swaps are used to hedge currency risks on export credits. See also swap, spot transaction.
Industry:Banking
Investment fund whose assets are placed in buildings and/or vacant land, the overriding principle being to spread risks geographically and to invest in a number of diverse properties.
Industry:Banking
(1) Original meaning: coins which by law must be accepted as legal tender without restrictions. See also divisional coin.
(2) In Switzerland, gold coins that have been in circulation since 1850 but have not been minted for a long time, e.g. the «Goldvreneli».
Industry:Banking
An account where the name of the accountholder is known only to a small circle of people within the bank, as all transactions are processed under a number.
Industry:Banking
Legally defined procedures to be followed when compiling company accounts and consolidated accounts. In Switzerland, banks comply with the standards laid down in article 6 of the Swiss Federal Law on Banks and Savings Banks and articles 23-27 of the Banking Ordinance on banks' annual and interim reporting. They also follow the guidelines laid down by the Swiss Federal Banking Commission.
Industry:Banking
Method customarily used for calculating interest on current accounts, with interest based on the daily balance. Interest is paid on the existing balance until it changes.
Industry:Banking
Procurement of the short- to long-term financial resources needed by the enterprise. Consulting and support given to companies in the field of corporate finance is an important area of banking, esp. for big banks.
Industry:Banking
Increase in the price or rate of securities, foreign exchange, bank notes, etc.
Industry:Banking
In currency trading: price quote for a currency in which one unit (or 100 units) of a foreign currency are expressed in units of the domestic currency. See also indirect listing.
Industry:Banking
Unit of ownership in an investment fund. Embodies the investor's right, enforceable against the management company, to a share in the assets and income of the investment fund.
Industry:Banking
