- 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.
Also: consortium operation. Financial transaction usually of a considerable size (bond issue, loan, etc) organized by a group of several banks which form a syndicate or consortium for the purpose.
Industry:Banking
Banking institution in private hands (as opposed to public sector banks, e.g. Swiss cantonal banks and German Landesbanken), where the owner or partners are liable with their personal assets. Under Swiss law, the expression «private bank» theoretically refers only to institutions with the legal form of an individual proprietorship, partnership firm or limited partnership. They exist primarily in Geneva, Basel and Zurich.
Industry:Banking
Also referred to as sideways development, sideways trend. Phase without any notable changes in the value of a security or market.
Industry:Banking
Unconditional, limited order which is considered valid until revoked, i.e. until the end of the current month or, if given at month's end, until the close of the following month. The principal can extend or revoke the order at any time.
Industry:Banking
Interest paid to a bank for the money it has lent out. Opposite: interest paid.
Industry:Banking
Legal action to force the debtor to meet his or her payment obligations. Anybody may instigate debt collection procedures at the debt enforcement office at the domicile of the debtor. There are three types of debt enforcement procedure: debt enforcement by seizure, debt enforcement by realization of pledged assets and debt enforcement by bankruptcy proceedings. The procedure applied depends on the debt in question and whether or not the debtor is entered in the commercial register. The debt enforcement office reviews the circumstances and decides on the correct type of debt enforcement procedure on receipt of the appropriate application.
Industry:Banking
The mathematically computed capital required by an insurer or pension fund to meet its future commitments.
Industry:Banking
A form of financing which enables companies to generate liquidity. Factoring involves the sale of short-term trade receivables (usually of 30 days) to a factoring company (factor). The purchase price represents a certain percentage of the face value of the receivables. The remaining balance is returned to the client after deduction of a service charge once the debt is collected. The purchase price paid by the factor is credited to the client after deduction of the factoring fee and the financing charges (depending on the amount of credit drawn).
Industry:Banking
