- 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.
Portfolio management strategy where the manager tracks a benchmark index while making as few transactions as possible in order to minimize transaction costs.
Industry:Banking
Clause in a bond loan agreement linking the amount of the nominal claim to a material substance or assets or to changes in the price of real (material) values. Depending on the type of link, a distinction is made, for instance, between a gold clause and an index clause.
Industry:Banking
Group of countries that have a single currency and a common central bank, e.g. the European Monetary Union. See also currency zone.
Industry:Banking
Stock exchange order that is executed immediately, i.e. matched with all orders within a specific limit. When a fill-or-kill order is issued on the Swiss stock exchange, the order must be executed immediately in full or not at all. If it cannot be executed in full immediately, the part not executed is cancelled and eliminated from the order book.
Industry:Banking
Also: guarantee credit. A bank grants credit, thereby assuming liability for a bill guarantee up to a given amount (guarantee limit). See also contract bond, bill guarantee.
Industry:Banking
A portfolio is called efficient when there is no portfolio with lower risk for a given portfolio return or when there is no portfolio with a higher return for a given portfolio risk level.
Industry:Banking
A cheque restricted in use by means of special endorsements. A general crossed cheque has two parallel diagonal lines across the face and may also be endorsed «& Co.» The bank on which a crossed cheque is drawn may only pay it to one of its customers or to a bank. A special crossed cheque bears the name of a bank between the parallel lines, denoting that it may only be paid to the designated bank. If the bank on which the cheque is drawn is itself the designated bank, then the cheque may be paid to one of its customers. A general crossed cheque may be converted into a special crossed cheque, but not vice versa.
Industry:Banking
Also: inverse yield curve. Situation in which interest rates and yields for longer durations are lower than for shorter duration Normally, the interest rate or yield increases as the investment period increases.
Industry:Banking
