- 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.
Under the Swiss Stock Exchange Act, buyers acquiring more than one-third of the voting rights of a listed company via a takeover are required to offer to buy the shares of all other shareholders at the same price. Companies can make a provision in their articles of association opting out of this requirement or increasing the threshold to 49% (opting up).
Industry:Banking
A bill or cheque marked «not to order» cannot be transferred through endorsement. Transfer may only be effected by assignment since the «not to order» clause changes an order paper into a registered security.
Industry:Banking
The price of a security for tax purposes. The Swiss Federal Tax Administration compiles a list with the taxable values for a wide range of securities, and these are binding for tax assessment purposes. In Switzerland, the price for tax purposes corresponds to the average of the prices recorded in December.
Industry:Banking
The date on which a sum of money is credited or debited, or from which interest begins to accrue.
Industry:Banking
More or less regular sequence of uptrends and downtrends in the performance of a market or economy. See also economy.
Industry:Banking
Also: Swiss GAAP. Recommendations supplementing the financial reporting provisions of Swiss company law which aim to increase the meaningfulness and comparability of annual accounts, and are designed to provide standards in line with international principles which present a true and fair view of a company's financial position, results of operations and cash flows. Adherence to these recommendations is a prerequisite for listing on the stock exchange. See also Generally Accepted Accounting Principles, International Financial Reporting Standards.
Industry:Banking
Term used in commercial contracts stating that the purchaser must pay the freight charges for a consignment of goods on delivery. See also freight prepaid.
Industry:Banking
Abbr.: ARR. Foundation whose remit is to standardize Swiss accounting principles. It is responsible for the Swiss Accounting and Reporting Recommendations.
Industry:Banking
Acceptance credit used for import or export financing. Usually secured by an irrevocable documentary credit issued by the buyer's bank. See also documentary credit.
Industry:Banking
Short name for the Federal Mortgage Association, a mortgage institution whose main business is in the securitization of existing loans for the purchase of real estate. According to the US Treasury it is the largest US borrower and acts as a mortgage financing agency. See also Freddie Mac.
Industry:Banking
