- 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: stock market capitalization, capitalization. Value of a corporation as determined by the price of its equity. Calculated by multiplying the market value of the security (share, participation certificate) on a given day by the total number of securities in issue. See also market value.
Industry:Banking
Also: discount. The difference between the nominal or par value and the underlying market value, e.g. if the issue or market price expressed in percent of the nominal value drops below par (i.e. below 100). In foreign exchange operations, it is the term for the discount charged for exchanging a depreciated foreign currency and the charge or discount deducted for exchanging abraded or worn coins. See also premium (1).
Industry:Banking
A document forming the basis for the business activities of an investment fund and governing the rights and responsibilities of the contracting parties (fund management company, custodian, investors).
Industry:Banking
Investment fund whose portfolio is selected to match the structure of a recognized stock market index.
Industry:Banking
Investment fund that invests at least two-thirds of its assets in bonds. A maximum of 10% may be invested in equities and 25% in convertible bonds. See also equity, bond, convertible bond issue, fixed-income fund.
Industry:Banking
Also: base currency.
(1) Currency in which an investor thinks and calculates.
(2) Currency in which the performance of an investment product is measured.
Industry:Banking
Form of share common in the USA, the UK and Germany, which confers on the holder voting rights, the right to participate at the annual general meeting and the entitlement to distributions of income. See also preference share.
Industry:Banking
Letter of credit that cannot be changed or cancelled without the agreement of all parties, this being the norm in international trading. An irrevocable letter of credit gives the seller the security that the opening bank will make the payment if the documents stipulated under the documentary credit terms are presented as agreed. If payment is made via a correspondent bank, the opening bank can ask the latter at the demand of the principal to confirm the irrevocable letter of credit rather than merely issuing notification. The correspondent bank is then obliged to make the payment itself at the domicile of the beneficiary on due presentation of the documents (confirmed letter of credit). See also documentary credit.
Industry:Banking
A stock exchange order where the dealer can exercise a certain degree of discretion with regard to the limits when executing the order.
Industry:Banking
