- 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.
Bill of exchange accepted by a bank for collection or discounting and which is payable at the place where the accepting bank is located.
Industry:Banking
Currency policy which in principle recognises the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the exchange rate. See also floating.
Industry:Banking
Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.
Industry:Banking
Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.
Industry:Banking
Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss Performance Index (SPI) and the Swiss Market Index (SMI). International indices can also be calculated by weighting the individual indices and stating the figures in terms of a standard currency.
Industry:Banking
Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.
Industry:Banking
Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.
Industry:Banking
Investment strategies that concentrate on companies which are, or may be, subject to extraordinary corporate events such as restructurings, takeovers, mergers, liquidations, bankruptcies or other special situations. Event-driven strategies include merger arbitrage and distressed securities strategies with bonds or other debt instruments of distressed or bankrupt companies, as well as special situation strategies such as spin-offs, litigation or liquidations. The goal of event-driven strategies is to profit when the price of a security changes to reflect the likelihood and potential impact of the occurrence, or non-occurrence, of the extraordinary event.
Industry:Banking
Movement from public to private ownership of a company, typically when a shareholder or group of shareholders makes a public offer for the shares in outside ownership or when the shares are purchased by an outside private investor. Opposite: initial public offering.
Industry:Banking
Also: fee and commission income, net commission income. Item in the income statement consisting of income from commission and service fee activities less commission and service fee expenses. The bank is paid in the form of commission or fees, rather than earning interest.
Industry:Banking
