- 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.
In Switzerland, this source tax is imposed at the current rate of 35% on domestic income from capital gains and lottery winnings in excess of CHF 50. Tax payments can be reclaimed by persons filing Swiss federal tax returns or credited against cantonal tax liabilities. Individuals and companies domiciled abroad may claim a refund of Swiss withholding tax under double taxation treaties concluded between their country of domicile and Switzerland.
Industry:Banking
Infiltration of illegally acquired assets into the legal financial system. Generally, a distinction is made between three phases of laundering:
(1) Feeding money of criminal origin into the financial system.
(2) Masking the origin of funds by frequently transferring and converting.
(3) Reintegrating the funds into the legal economy. See also money laundering law.
Industry:Banking
The number of units of one or several types of goods that can be exchanged for one unit of money. In simpler terms, purchasing power is the ratio between money and goods, or how much money will buy in a specific country.
Industry:Banking
The value of a variable below which a certain percentage of observations fall.
Industry:Banking
Also: clearing organization. Institution which settles the payment of financial transactions between members. Used to rationalize securities trading and bank payments. Local clearing houses exist in all major banking centres, often alongside other organizations working on a national or international basis. See also bank clearing system, securities clearing.
Industry:Banking
Also: account. Record of all incoming and outgoing payments maintained by a bank for its clients. Interest rates, charges, credit and withdrawal limits and additional facilities will vary according to the type of account.
Industry:Banking
Short form: e-banking. Also: direct banking. Use of banking services via electronic channels or via designated providers and private transmission media regardless of time of day or location.
Industry:Banking
(1) Calculation of the capitalized value of regularly recurring payments or income streams (such as rental income) using a specific interest rate (capitalization rate).
(2) Synonym for market capitalization.
Industry:Banking
The open market for lending or borrowing short-term funds (as a rule up to 12 months) and dealing in negotiable instruments. In addition to the national money markets, the Euromoney market has developed in recent years into an efficient international marketplace for dealing in short-dated loanable funds.
Industry:Banking
Abbr.: PPP. «Effective» external value of a currency determined by comparing different countries' relative price levels. For example, a basket of goods costing USD 100 in the United States and CHF 160 in Switzerland would give a parity rate of CHF 1.60 per USD. Proponents of PPP theory hold the view that an exchange rate will move in the direction of purchasing power parity over the long term or at least reflect the differing price trends.
Industry:Banking
