- 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 percentage rate of interest which a bank or other lender deducts in advance from loans made, or from the face value of bills of exchange or commercial paper bought. It is calculated for the period from presentation to maturity of the instrument. The amount of the discount rate depends on the liquidity of the financial markets and the party liable under the bill. Swiss commercial banks apply the private discount rate in their discounting operations; as a rule, this is higher than the official discount rate of the Swiss National Bank.
Industry:Banking
Abbreviation: FRA. A forward transaction between banks and industrial firms whereby the two parties agree on an interest rate for a future period and no initial margin payment is required at the time the contract is concluded. Unlike financial futures, FRAs are not standardised and are not traded on interbank markets. They are used to hedge the risk of a change in interest rates by locking in the current interest rate for future payments.
Industry:Banking
A series of data used as a proxy for the development of another statistic. See also economic indicator.
Industry:Banking
Also: fraction. Securities trade less than a round lot. The Swiss Exchange only accepts unlimited orders for odd lots.
Industry:Banking
Investment fund which invests in a specific geographic region or economic area.
Industry:Banking
A common form of bank guarantee in the USA and Asia. May be used for all types of guarantee, in particular as a payment guarantee. It also serves as security for the event a third party fails to meet a promised obligation.
Industry:Banking
Customs or practises in trading or business that have become established over the years, e.g. stock exchange practice.
Industry:Banking
All measures imposed by government bodies through legislation or collective agreements to establish a social security system that provides for retirement and invalidity. In Switzerland, the compulsory saving takes the form of mandatory pension savings and essentially covers contributions to the first pillar (AHV) and the second pillar (occupational pension schemes).
Industry:Banking
US: Bond whose owners have agreed to reduced interest payments or a reduced repayment of principal on the basis of a reorganisation or rescheduling plan. See also bond issue in default.
Industry:Banking
Requirement that during trading hours exchange members (e.g. on the Swiss Exchange) settle all orders up to a pre-agreed size (limit) via the exchange.
Industry:Banking
