- 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.
Abbreviation: ICC. Private, politically independent organisation formed to improve trade and business relations between nations. Based in Paris, it brings together national chambers of commerce and large professional associations. See also ERA.
Industry:Banking
Credit card that can be used worldwide. A VISA card also offers additional services such as cash withdrawals, hotel reservations and making phone calls without cash. Website: http://www.visaeurope.com
Industry:Banking
Abbreviation: IMF. The most important international organisation for monetary policy cooperation. The IMF, like the World Bank, was established in 1944 in Bretton Woods and is headquartered in Washington, D.C. Its aims are to monitor and stabilise the international financial system to prevent crises such as the crash of 1929. Switzerland joined in May 1992. Website: www.imf.org.
Industry:Banking
Swiss 20-franc gold coin featuring the head of a woman. A Swiss 10-franc gold coin is known as a 1/2 Vreneli. The 20-franc pieces have a fine gold content of 5.806 grammes and a gross weight of 6.45 grams. As in the case of other gold coins, the trading price is determined by supply and demand. The Vreneli is no longer accepted as legal tender in Switzerland.
Industry:Banking
Capital market anomaly which often results in shares, especially those of small companies, outperforming in January compared with the rest of the year. One of the strongest seasonal trends, it is sometimes attributed to the realisation of tax losses which can be offset against profits accruing during the year.
Industry:Banking
In stock market jargon, synonymous with the New York Stock Exchange and the financial centre of New York. Wall Street is the street that runs through New York's financial district.
Industry:Banking
Also: spot market. The here-and-now market for immediate delivery and payment. Opposite: futures market.
Industry:Banking
Also: bureau de change. Banking department/teller area that handles currency exchange and related business (such as coin dealing, traveller's cheques and letters of credit).
Industry:Banking
Name commonly used for the International Bank for Reconstruction and Development. Like the International Monetary Fund, it was established in 1944 at Bretton Woods (USA) and has its headquarters in Washington. Both institutions now have more than 180 member countries. Switzerland has been a member since May 1992. The World Bank's primary mission is to fight poverty. In particular, it grants long-term investment loans to developing countries and finances long-term projects aimed at improving the economic and ecological standard of living of the population. Website: www.worldbank.org.
Industry:Banking
Booking orders issued by the individual members of WIR. WIR cheques are not cheques as defined under Swiss law. WIR booking orders are never paid out in cash, but instead entitle the bearer to acquire goods and services offered by WIR participants by way of exchange.
Industry:Banking
