- 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.
Form of stock exchange trading based on the principle of a two-way market on which members can enter buy and sell orders at their discretion. System used on the Swiss Exchange. Opposite: quote-driven trading.
Industry:Banking
In commercial companies, the gross operating profit corresponds to the net sales revenue minus manufacturing costs for goods sold. For banks, the gross operating profit is the total of net interest income, net fee and commission income, net income from trading operations and other ordinary income after deduction of operating costs.
Industry:Banking
The collection of a sum due from a buyer by a bank against delivery of certain documents. The bank undertaking the collection only delivers the documents once the prescribed conditions have been fulfilled. Documentary collection offers exporters considerably more security than is offered by an open account basis, however not as much security as is offered by the documentary credit.
Industry:Banking
Over-the-counter securities trading involving securities which do not meet the requirements for official trading on a regulated market, but where there is interest on a transparent market. Off-exchange trading is not governed by the Swiss Stock Exchange Act and is subject only to the supervisory mechanisms implemented by the stock exchange concerned to prevent abuse. See also over-the-counter trading.
Industry:Banking
Security indicating that the bearer is recognized as the owner. Opposite: registered security.
Industry:Banking
The action of contracting to sell for future delivery more of a commodity or security than is currently held in the hope that the price will fall and the short seller can buy the balance before the delivery date and so make a gain.
Industry:Banking
An investment fund domiciled in one of the offshore financial centres, where investment fund legislation or supervision either does not exist or is very flexible (e.g. Bahamas, Bermuda, Cayman Islands).
Industry:Banking
Annualized rate of return on an investment, expressed in percent. The return consists of coupon payments plus any capital gains/losses.
Industry:Banking
Instrument used in connection with letters of credit, whereby the notifying bank issues a commitment at the request of the beneficiary to make a payment as per the conditions of the letter of credit on presentation of the proper documentation, without having a corresponding confirmation order from the opening bank.
Industry:Banking
Interest rate which may be changed during the term of a loan or a bond issue. In the case of international loans and bonds, the periodic adjustment in line with the London Euromoney market rate is of particular significance. See also floating-rate bond.
Industry:Banking
