- 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.
Statistical measure of the risk exposure of an investment (share, bond etc) or portfolio. Variance is the amount by which individual earnings positions deviate from average earnings over a set period. High variance is an indication of high risk.
Industry:Banking
A bank loan for a fixed amount and term the use of which is not tied to a commercial transaction. See also export finance credit.
Industry:Banking
Public sale in which goods or services are sold or bought in a bidding process.
Industry:Banking
The income produced by investments (such as securities, real estate property, etc) before any deductions, charges or taxes. Opposite: net yield.
Industry:Banking
Also: letter of credit, import credit, export credit. The most common form of the commercial letter of credit, the documentary credit is an arrangement for the safe negotiation of a payment and credit transaction, esp. in connection with international deliveries of merchandise. The documentary credit covering merchandise consists of a written undertaking on the part of a bank to pay, on instructions from the buyer, a certain amount to the seller within a prescribed period and against surrender of stipulated documents covering the shipment of goods contracted for between seller and buyer, to accept said payment or to negotiate it, or to authorize another bank to make such payments or draft negotiations if the conditions are met. All instructions to open, confirm or advise of a documentary credit must list precisely the documents to be presented. Permissible documents include: bill of lading, insurance documents, trading invoice, consular invoice, certificate of origin, weight and quality certificates. A documentary credit can be revocable or irrevocable.
Unless expressly stated to the contrary it is regarded as irrevocable. The basis for the execution of documentary credit is provided by the «Uniform Customs and Practice for Documentary Letters of Credit» (UCP) drafted by the International Chamber of Commerce in Paris.
Industry:Banking
Preferential rate savings account for occupational pension assets. Principal and interest are tax-free until paid out; interest is exempt from withholding tax. Benefits paid out are subject to a reduced tax rate. Principal may be used to purchase residential property for the beneficiary's own use or to amortize mortgages.
Industry:Banking
Fund created by a closely restricted group of investors for the purpose of joint capital investment and managed according to the principle of risk diversification. Unlike investment funds, inhouse funds may not be publicly advertised.
Industry:Banking
Also: readily marketable assets. Assets for which a market exists at all times. Defined by Article 16 of Switzerland's Ordinance to the Banking Law as those assets of a bank which must be reported in the liquidity statement (such as bills eligible for discount with the National Bank or bonds qualifying as collateral).
Industry:Banking
Also: without our guarantee. This or a similar note is used in banking mainly in the following contexts:
(1) to refuse any liability in connection with information provided to a third party
(2) refusal by a bill endorser to be held liable if the bill is dishonored. See also liability under bills of exchange.
Industry:Banking
A line chart that shows the individual yields at a certain point in time for fixed income securities with the same features but different maturities. Securities with longer maturities tend to have a higher yield. If short-term securities offer higher yields than long-term ones, then the yield curve is said to be inverted.
Industry:Banking
