- 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.
Registered shares which have changed hands and have not yet been entered in the share register under the name of the new owner.
Industry:Banking
(1) Also: odd lot. In share trading, a number of share units which is smaller than the number of units usually traded, as distinguished from the round lot, which is a multiple of the trading unit.
(2) In bond and rights trading: fractional item.
Industry:Banking
A mortgage credit in which a debt instrument secured by real estate (such as a mortgage note) is pledged as collateral. If the debtor becomes insolvent, the bank can dispose of or realise the property only after it has obtained title to it. See also mortgage loan, direct mortgage loan.
Industry:Banking
Also: country fund. Investment fund which invests exclusively in a specific country.
Industry:Banking
Also: published reserves, declared reserves. Reserves openly reported in a company's balance sheet. Opposite: undisclosed reserves.
Industry:Banking
Right of a person to whom a cheque, bill of exchange, promissory note or other negotiable instrument has been endorsed to recover payment from the endorser if the original borrower defaults.
Industry:Banking
Mortgage that follows a first mortgage in order of rank. Granted in Switzerland usually with a loan-to-value ratio of around 65%-80% of the underlying property's market value and subject to amortisation (unlike first mortgages, which in Switzerland are generally not amortized). The interest rate on second mortgages is higher than on first mortgages.
Industry:Banking
Abbr.: ABS. Bond-like instrument backed by a pool of financial claims such as mortgages or credit-card receivables which enables the originator to raise cash by borrowing against assets. Like with any fixed-income security, the investor is paid a coupon.
Industry:Banking
Central computerised system used by a stock exchange (e.g. the SWX Swiss Exchange) in which the various applications (e.g. order books, matchers) are run. The stock exchange system is linked up with the systems of dealers via gateways.
Industry:Banking
Strategy of spreading an investment over different assets in order to reduce the portfolio risk.
Industry:Banking
