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UBS AG
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 document forming the basis for the business activities of an investment fund and governing the rights and responsibilities of the contracting parties (fund management company, custodian, investors).
Industry:Banking
Investment fund whose portfolio is selected to match the structure of a recognised stock market index.
Industry:Banking
Publication listing the stock exchange prices of shares and bonds.
Industry:Banking
Investment fund that invests at least two-thirds of its assets in bonds. A maximum of 10% may be invested in equities and 25% in convertible bonds. See also equity, bond, convertible bond issue, fixed-income fund.
Industry:Banking
Also: base currency. (1) Currency in which an investor thinks and calculates. (2) Currency in which the performance of an investment product is measured.
Industry:Banking
Form of share common in the USA, the UK and Germany, which confers on the holder voting rights, the right to participate at the annual general meeting and the entitlement to distributions of income. See also preference share.
Industry:Banking
Letter of credit that cannot be changed or cancelled without the agreement of all parties, this being the norm in international trading. An irrevocable letter of credit gives the seller the security that the opening bank will make the payment if the documents stipulated under the documentary credit terms are presented as agreed. If payment is made via a correspondent bank, the opening bank can ask the latter at the demand of the principal to confirm the irrevocable letter of credit rather than merely issuing notification. The correspondent bank is then obliged to make the payment itself at the domicile of the beneficiary on due presentation of the documents (confirmed letter of credit). See also documentary credit.
Industry:Banking
A stock exchange order where the dealer can exercise a certain degree of discretion with regard to the limits when executing the order.
Industry:Banking
Price quoted on the stock exchange and used by the stock exchange dealer to offset purchases and sales within the bank.
Industry:Banking
Sudden drop in stock prices. A crash can occur when economic growth slows down abruptly or if the market is in technically poor condition due to excessive prices caused by speculation. Serious stock market crashes were seen on 13 May 1927, in Germany, and on 29 October 1929, and 19 October 1987, in New York, although the latter was less severe than its predecessors.
Industry:Banking
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