- 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.
Coverage of a country's banknotes in circulation by the official gold reserves. Abolished in Switzerland by the 2003 revision of the National Bank Law.
Industry:Banking
Also: netting transaction, compensation transaction, barter transaction.
(1) Securities trading: netting of clients' buy and sell orders at a bank at the marrying price.
(2) Foreign trade: offsetting the countervalue of merchandise shipped to a particular country against the merchandise imported from that country. Compensation (offsetting) frequently only covers part of the deliveries, the rest being settled in foreign exchange (partial compensation).
Industry:Banking
Bill of exchange which becomes payable at a certain date after presentation for acceptance (e.g. after one month).
Industry:Banking
(1) Holdings of bills and similar paper managed or administered by a bank.
(2) A pool of investments owned by an individual or an organization. The portfolio can either be managed by the owner him/herself or by a professional portfolio manager. Totality of securities held by banks in custody for clients or for own account.
(3) All securities owned by a person or company.
Industry:Banking
Agreement reached with borrowers, usually heavily indebted developing countries, to extend maturities, defer loan principal payments or reduce the interest rate of existing debt, especially by transforming short-term credit into medium- or long-term loans. See also moratorium.
Industry:Banking
The risk that a transfer covered by a contract cannot be effected between one currency area and another, or that such transfers are restricted as a result of state intervention.
Industry:Banking
Adjustment of the value of an asset on the balance sheet to its true value.
Industry:Banking
Also: share portfolio. Portfolio which is invested in equities and to a small extent in money market investments and where the investment objective is to achieve a high long-term return on the international equity markets through capital gains and forex revenues.
Industry:Banking
Macro-economic term: effective deployment of the production factor labour over a given period of time. Employment can be measured in absolute (hours worked/number of people in employment) or in relative terms (employment rate).
Industry:Banking
Fixed-interest debt obligation in the form of a security usually issued to bearer. Debentures may be secured or unsecured. See also bond.
Industry:Banking
