- 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: syndicated credit. Credit or loan granted jointly by two or more banks, one of which acts as lead manager.
Industry:Banking
Promise made by the borrower in writing to the creditor not to pledge any assets in favour of third parties (securities, goods, claims, etc.) without the agreement of the creditor. This clause is also applied when issuing bonds. Here, the issuer undertakes to his/her creditors not to pledge assets in favour of third parties. See also negative mortgage clause.
Industry:Banking
In Switzerland: Private bankers are the owners or partners of a private bank, as defined by the Swiss Banking Act, who are liable with their personal assets. The term is a protected mark. SNB statistics show that there are still 15 such banking institutions in Switzerland. The private bankers are organized into the Swiss Private Bankers Association.
Industry:Banking
Market on which the trading of securities takes place. See also primary market.
Industry:Banking
An upturn in the underlying trend for a sector or company, providing a good opportunity to buy into specific securities.
Industry:Banking
Also: GTC order. A stock exchange order which remains valid until executed or cancelled.
Industry:Banking
(1) Written declaration on a bill of exchange that the latter is accepted. Acceptance of the bill of exchange must be declared, although it can also be limited to just part of the amount of the bill of exchange. The drawee of the bill of exchange is bound through acceptance to pay the latter on expiry.
(2) Accepted bill of exchange. Opposite: draft.
(3) Acceptance of a contract tender.
Industry:Banking
Debt enforcement which seeks to sell all the assets of the debtor. Debt enforcement by bankruptcy proceedings (Art. 39 of the Swiss Federal Law on Debt Collection and Bankruptcy) is generally used if the debtor is a legal entity or is entered in the commercial register with a legally specified function.
Industry:Banking
Purchase of securities in order to be able to deliver stocks sold short (i.e. close the position).
Industry:Banking
