- 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.
The rate of interest for a year expressed as a percentage of the capital. See also accrued interest, variable interest rate.
Industry:Banking
Term that means trading against the trend. Countercyclical investors buy shares in a falling market, for instance, in the hope that prices will go up again. Opposite: procyclical.
Industry:Banking
An option contract which grants the right to buy or sell a certain currency at a predetermined price for a limited period of time. Currency options are used above all for hedging currency risks.
Industry:Banking
Also: hot money. Capital transferred by the owner to another country in violation of capital export or exchange control laws. See also Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence.
Industry:Banking
In terms of asset class: investments with direct exposure to the property market, e.g. direct ownership in real estate, investments in unlisted/private real estate securities or pure real estate funds with holdings predominantly in direct real estate.
Industry:Banking
Securities or other assets which can be readily sold or otherwise disposed of for cash. Opposite: illiquid.
Industry:Banking
A safekeeping account where the name of the accountholder is known only to a small circle of people within the bank, as all transactions are processed under a number. See also numbered account.
Industry:Banking
Specially defined unit used in international payments, which is not in fact a real payment medium. Also used for international bond issues and for the deposits of international institutions. One example is the special drawing right (SDR) of the IMF and the ECU prior to the introduction of the euro.
Industry:Banking
Also known as government paper, government issues. Bonds issued by a government to cover its financial obligations. In Switzerland, government bonds are issued by the Confederation and the cantons. See also Treasury bills, corporate bonds.
Industry:Banking
