- 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.
A foreign bank's account with a domestic bank, either in local currency or foreign currency. The domestic bank maintains the account and prepares the statement. Opposite: nostro account.
Industry:Banking
Letter by the bank of the applicant notifying the beneficiary that a letter of credit has been opened. See also documentary credit.
Industry:Banking
Price risk inherent in forward transactions. Risk that the correlation between the price of a financial future and that of the underlying spot instrument could change so significantly as to diminish the success of the hedging transaction.
Industry:Banking
Coupon stripping is the act of detaching the interest payment coupons from a note or bond and splitting the security into a coupon sheet and a certificate, which is redeemed at face value on maturity. See also coupon.
Industry:Banking
Period during a trading session when the system closes the order books, starts the opening procedure, establishes the opening price and determines the orders to be executed according to the matching rules.
Industry:Banking
Bank and postal checking account balances available at any time for transfers and conversion into cash.
Industry:Banking
Banknotes and coins circulating in the private sector of the economy as well as giro (clearing) balances maintained with the central bank by commerce, industry and the banks. Another name is central bank money supply.
Industry:Banking
Special institution set up to issue mortgage bonds and grant long-term loans to its affiliated banks. Two such institutions were established in Switzerland in 1930, namely the Central Mortgage Bond Institution of the Swiss Cantonal Banks and the Mortgage Bond Bank of the Swiss Mortgage Institutions.
Industry:Banking
A declaration whereby a person who has received substitute instruments upon the loss of securities, coupons or savings books undertakes to indemnify the bank or company concerned for any improper use of the lost documents.
Industry:Banking
