- 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.
Applying to several banks at once for newly issued shares or bonds in strong demand in the hope of securing a sizeable allotment. A stag is a speculator engaging in this practice.
Industry:Banking
Person named on a bill by the drawer, endorser or guarantor and expected to accept or pay should the need arise.
Industry:Banking
The Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence (CDB) is a multilateral agreement between the Swiss Bankers Association (SBA) and banks domiciled in Switzerland. By signing the Agreement banks place themselves under an obligation to the SBA to identify their contracting partners and, in cases of doubt, to obtain a declaration as to the identity of the beneficial owner of the deposited assets. The banks also place themselves under an obligation not to provide any active assistance in the flight of capital or tax evasion. The original CDB dates from 1977, and it has been revised and made more stringent several times since then. The CDB is now also a key instrument in combating money laundering and served as the model for the Money Laundering Act.
Industry:Banking
Fund construction comprising several subfunds. Since the subfunds together form a single legal entity (umbrella), it is only necessary to submit the umbrella fund for authorization. Once the umbrella has been authorized, further subfunds may be created. Investors may switch from one subfund to another free of commissions. See also investment fund, fund of funds.
Industry:Banking
In subscribing a specific number of securities, the subscriber undertakes to take up the said securities according to the conditions set down in the prospectus if they receive a definitive allocation.
Industry:Banking
List published periodically by a bank containing a selection of securities recommended for investment.
Industry:Banking
A cheque signed by the drawer with no amount specified. This is inserted by the payee on pre-agreed terms. Liability remains with the drawer.
Industry:Banking
Analysis of the securities in a safekeeping account according to market value, income as well as the risk distribution by industry, country and currency. The portfolio analysis is part of the advisory service and asset management.
Industry:Banking
Also: futures contract. A futures contract based on a financial instrument. Depending on the type of underlying a distinction is made between interest futures, currency futures, index futures and precious metal futures. See also commodity futures contract.
Industry:Banking
