- 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.
An investment fund which invests in a number of other funds with a variety of investment strategies. See also umbrella fund.
Industry:Banking
Transaction designed to secure a pecuniary advantage by improperly exploiting an information lead. According to Penal Code Article 161, insider transactions are punishable offences under Swiss law. Any insider obtaining a pecuniary advantage for himself or a third party by exploiting confidential information relevant to the price of a stock shall be liable to punishment. It is also a punishable offence for persons (even if they are non-insiders) to receive and make use of insider information.
Industry:Banking
A stipulation when placing an order to buy below or sell above a certain limit fixed by the customer. Opposite: at best.
Industry:Banking
Provision in a company's articles of association whereby it shall be bound by the obligation to make a public offer if it acquires more than 49% of the voting rights of a listed company. See also public offer.
Industry:Banking
A Swiss Treasury note issued by the federal government and Treasury bills issued by the cantons and communities. They can run for up to four years. Generally employed by public authorities to raise funds temporarily. Used in part also to achieve cyclical or capital market objectives, e.g. when the state sells sterilization rescriptions to the banks in order to mop up liquidity. Such rescriptions can sometimes be sold by the bank to the Swiss National Bank for short terms under repurchase agreements or discounted like other rescriptions during their remaining life of three months.
Industry:Banking
A conditional order with a trigger limit and an execution limit to be executed immediately once a given price level is reached. Once the trigger limit is reached, a stop-limit order becomes a normal limit order. For purchases the trigger limit must be above the current price; for sales it must be below the current price.
Industry:Banking
Also: managed portfolio. A (generally sizeable) securities safekeeping account managed by the bank on the basis of a mandate awarded by the client. The bank is authorized to perform all operations regarded as expedient within the generally accepted definition of asset management, e.g. the adjustment of securities weightings in line with market conditions and the reinvestment of freed-up resources.
Industry:Banking
Revised version of the Global Investment Performance Standards (GIPS) which introduces a number of important changes to the existing guidelines and also contains new provisions. The Gold GIPS are expected to come into force in 2006.
Industry:Banking
Lots are drawn to determine which bonds are to be redeemed according to the redemption schedule.
Industry:Banking
Also: bullish market, rising market. Market where prices are rising. See also rally. Opposite: bear market.
Industry:Banking
