- 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.
Also: tom next. Foreign exchange and money market trades executed tomorrow for delivery on the next business day.
Industry:Banking
Also referred to as the recipient. Person or company to whom or to whose order the amount written on a bill, cheque or negotiable instrument by the drawer is to be paid.
Industry:Banking
Basket of instruments, e.g. stocks from the same sector or region. A basket in turn can be used as the underlying of a derivative financial product.
Industry:Banking
Also: ring trading. A system of stock market trading where the dealers call out the bid and ask prices for each security or make them known by using hand signals. Opposite: electronic trading system.
Industry:Banking
Mortgage that has precedence over all other mortgages. Usually granted for up to two-thirds of the property's market value. See also second mortgage.
Industry:Banking
Also: close a position, square a position. The action of offsetting an open stock exchange or foreign exchange position with the related hedge position (for example, covering securities sold forward for a certain date by a forward purchase as of the same date).
Industry:Banking
Also: concentration of risk. Loans, equity interests or investments whose size exceeds acceptable limits, thereby contravening the bank's policy of risk diversification.
Industry:Banking
Abbr.: MBS. Security similar to an asset-backed security, where the underlying assets are loans to owners of residential or commercial real estate secured with a mortgage over the property.
Industry:Banking
In Switzerland: credit granted to finance the mandatory stockpiles of essential raw materials and foodstuffs maintained in accordance with the Federal Law on Economic Planning for War and Emergencies of September 30, 1955. In order to facilitate the financing of stocks and reduce the costs involved, the Swiss Federal Government is fully liable to the lending banks for the repayment of credit extended. Borrowers are subject to strict formalities and controls on the part of the Federal Office for National Economic Supply. The significance of compulsory stockpiling and compulsory stockpiling credit has receded greatly since the Cold War ended in 1989. See also compulsory stockpile bill.
Industry:Banking
Inferior coin that need only be accepted as legal tender up to a certain amount (in Switzerland, a maximum of 100 coins). As a rule, the value of the metal contained in divisional coins is less than the nominal value stamped on them. See also full legal tender coins (1).
Industry:Banking
