- 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.
Investment fund that invests in mortgage deeds and other similar securities. Under Art. 72 of Switzerland's Investment Fund Act, the Federal Council can issue instructions regarding the construction of mortgage funds. The Council has never yet made use of this power, and mortgage funds have therefore not been established in Switzerland.
Industry:Banking
A guarantee to secure the lender's claim on the borrower in the event of the loan not being repaid as stipulated in the agreement. Credit guarantees are used all around the world.
Industry:Banking
Also: dishonoured bill. A bill of exchange which was not paid at maturity (due date).
Industry:Banking
Also: share split, stock split. Division of a share into several shares with smaller par values (e.g. division of a CHF 500 share into five CHF 100 shares) without altering the sum of the total share capital. In Switzerland the par value of a share must be at least CHF 0.01 as per Art. 622 of the Code of Obligations. Opposite: reverse split.
Industry:Banking
Risk exposure dependent on factors which influence an individual security only, e.g. corporate results. Opposite: systematic risk.
Industry:Banking
Interest which is accrued on previous interest that has become due and been added to the principal amount.
Industry:Banking
The annual payment made by a borrower, consisting of an amortisation of principal and an interest component. This payment remains unchanged throughout the entire repayment period. As the debt is worked down the interest payments are gradually reduced, while the principal repayment rate increases.
Industry:Banking
Statement prepared by the bank for the client recording the sale or purchase of securities.
Industry:Banking
Private person or legal entity treated as resident under fiscal, currency control and other legislation.
Industry:Banking
Abbreviation: FRN. Also: floating rate bond. Bond with a variable interest rate based on a reference interest rate, plus or minus a further component as risk premium.
Industry:Banking
