- 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.
Schedule of creditor ranking, prepared by the bankruptcy trustee or the debt collection office.
Industry:Banking
A mortgage which has a lending limit less than that for first mortgages and therefore carries a higher interest rate. If it is stipulated in the Land Register that a junior mortgage may be ascribed a higher priority, it moves up in ranking if a lien with a higher ranking claim is cancelled.
Industry:Banking
Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the exchange rate. See also floating.
Industry:Banking
Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.
Industry:Banking
Investment strategies that concentrate on companies which are, or may be, subject to extraordinary corporate events such as restructurings, takeovers, mergers, liquidations, bankruptcies or other special situations. Event-driven strategies include merger arbitrage and distressed securities strategies with bonds or other debt instruments of distressed or bankrupt companies, as well as special situation strategies such as spin-offs, litigation or liquidations. The goal of event-driven strategies is to profit when the price of a security changes to reflect the likelihood and potential impact of the occurrence, or non-occurrence, of the extraordinary event.
Industry:Banking
Movement from public to private ownership of a company, typically when a shareholder or group of shareholders makes a public offer for the shares in outside ownership or when the shares are purchased by an outside private investor. Opposite: initial public offering.
Industry:Banking
Also: fee and commission income, net commission income. Item in the income statement consisting of income from commission and service fee activities less commission and service fee expenses. The bank is paid in the form of commission or fees, rather than earning interest.
Industry:Banking
Bond issue where the lender contracts that his debt will rank behind some or all other debt on liquidation or bankruptcy of the issuer. In Switzerland banks may count up to 100% of their subordinated bond issues with a residual term of 5 years as part of their equity capital; this percentage decreases as the term gets shorter.
Industry:Banking
Poison pills are any type of defensive maneouvre which a company might try in order to protect itself against unwanted takeover bids, e.g. stock issues, special distributions, spin-offs and management pay-outs.
Industry:Banking
A security which is vested by a personal claim and secured by a lien or mortgage on real estate property. It incorporates both the claim and its lien.
Industry:Banking
