- 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.
The MiFID requirement for investment firms that conclude transactions in shares (either on their own behalf or on behalf of clients) outside of a regulated market or MTF to make public information relating to those transactions (price, volume time, etc).
Industry:Banking
The MiFID requirement for regulated markets and MTFs to publish current bid and offer prices for shares and the depth of trading interest at those prices. MiFID also introduces a new requirement for systematic internalisers to publish firm quotes in liquid shares which they systematically internalize.
Industry:Banking
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
The peak to trough decline during a specific record period of an investment or fund. It is usually expressed as the percentage between the peak and the trough.
Industry:Banking
The Relative Strength Index (RSI) is one of the most frequently used indicators in technical security analysis. Shares with an RSI of more than 70% are considered "overbought," while those with an RSI under 30% are "oversold." Some analysts adjust these values according to the market environment.
Industry:Banking
Those bank clients who do not qualify for professional or eligible counterparty status. Private clients, or retail clients as they are named under MiFID, are generally considered to be the least sophisticated and are given the most protection. They are required to demonstrate to the firm that they are transacting with the necessary knowledge and experience to understand the risks associated with the transaction. There is also a greater administrative burden associated with private respectively retail categorization for both firms and clients.
Industry:Banking
To attempt to purchase all of the available supply of a commodity with the intention of controlling the market and advancing the price at will, obtaining a large profit by so doing. In the securities trade, it is an attempt to purchase a company's stock availble on the market and so force buyers (especially speculators who have sold short and must make purchases to cover their sales) to pay a high price.
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
Under MiFID, a subset of the category of professional clients which applies only in relation to dealing. Best execution and client order handling provisions do not apply to firms who transact with eligible counterparties.
Industry:Banking
