- 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.
Financial market that operates regularly and is organized in accordance with fixed customs and practices, e.g. security, forex, option and commodity exchanges. The key exchanges include the New York Stock Exchange, the Nasdaq and the London and Tokyo stock exchanges. See also SWX Swiss Exchange.
Industry:Banking
Natural person or legal entity which is treated as non-resident for the purpose of exchange and currency regulations. Opposite: resident.
Industry:Banking
An exchange rate which is allowed to move freely, finding its level as a function of supply and demand on the foreign currency market, and is subject to only limited intervention by the central bank. Opposite: fixed exchange rate.
Industry:Banking
A written conveyance of title to real estate property, but not its possession, to secure the payment of a debt or the performance of some obligation. Distinguished from a lien in that the creditor has actual title to the property and from a pledge in that the debtor retains possession. In Switzerland, such rights may take the form of a mortgage assignment or mortgage note. See also fixed-rate mortgage, portfolio mortgage.
Industry:Banking
Risk that a borrower will be unable to meet his/her payment obligations, and that the lender will suffer a financial loss. See also bad debt risk.
Industry:Banking
Also: impaired loan. A loan on which the borrower is late in repaying the agreed interest and/or capital or where the borrower is declared insolvent.
Industry:Banking
Term used in the securities business for subscription rights which are not sufficient to subscribe to a whole new share. The shareholder can either purchase additional rights on the market to buy whole new shares or can sell their fractional rights at the prevailing market price.
Industry:Banking
A constant used to simplify the calculation of interest, corresponding to the number of the days in the year divided by the rate of interest
Industry:Banking
