- 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.
Transaction (purchase or sale), whereby the contractual obligations (e.g. delivery of and payment for currency, goods or securities) are not performed immediately but instead at a later date and at a price either fixed in advance or determined on the basis of market developments. A distinction is drawn between unconditional forward transactions (futures, forwards) and conditional forward transactions (options). Opposite: spot transaction.
Industry:Banking
The officially fixed ratio of the value of one currency against another, i.e. the equivalence between the market or declared values of two different currencies. Dollar parity, for example, is the ratio of a currency against the US dollar. See also gold parity.
Industry:Banking
(1) Options trading: simultaneous purchase and sale of options of the same class with different strike prices and/or different maturities.
(2) Difference between bid and ask price.
(3) Difference between interest rates or yields for the same maturity in different currencies.
(4) Also: margin. Price difference between purchase and sale price or between the bid and ask price for securities, banknotes etc. The price difference between the bearer and registered shares of a company or the different interest rates on bonds is also termed spread.
Industry:Banking
Price at which the underlying instrument is bought or delivered when an option is exercised. See also basis price.
Industry:Banking
Loan (usually granted to a broker, dealer or investment banker) which may be recalled by the lender or repaid by the borrower at any time without notice.
Industry:Banking
Also: dealer. Person or company commercially engaged in buying and selling securities on the exchange. For tax purposes, the issuers of securities are also classified as traders. See also broker.
Industry:Banking
Current account for persons regularly receiving a wage/salary or retirement benefit. Salary accounts carry higher interest rates than regular current accounts.
Industry:Banking
Limit of the range within which exchange rates are allowed to deviate from parity in a system of fixed exchange rates. If there is a risk that the exchange rate will move beyond the permitted range, the regulating body is obliged to intervene in the market. There are no intervention points in a system of flexible exchange rates. See also fixed exchange rate, floating exchange rate.
Industry:Banking
A positive exposure to a quantity. Owning a security or commodity. Investor's position where the number of contracts bought exceeds the number sold. Opposite: short position.
Industry:Banking
Paper which can be transferred by endorsement (negotiable). Legal order instruments (cheques, drafts, bills of exchange, registered shares) are always order instruments, even if they do not bear the «to the order of» notation. Bills of lading, bill-like orders, etc. become negotiable only with such a notation.
Industry:Banking
