- 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.
Swiss Federal Law on Occupational Retirement, Survivors' and Disability Pension Plans (in force since 1 January 1985). Legal framework comprising minimum standards for "second pillar" social security that are mandatory for all employees in Switzerland earning a certain income, as well as maximum standards governing occupational benefits. Execution of the provisions of this legislation is carried out by a pension fund, normally a foundation, which is entered in the BVG index. The banks offer a range of special services for implementing these norms, e.g. collective investments, pooled funds and the administration of termination benefits.
Industry:Banking
Part of the balance of payments showing all accounts receivable and payable by a country over a given period as a result of foreign trade in goods and services, transfer payments, and wages and capital income.
Industry:Banking
SRI approach that invests in leading companies with regard to environmental, social or governance criteria. The focus lies on how a company’s strategies, processes and products impact financial success, the environment and society. Forms of positive screening include: Best-in-class approach, Thematic approach
Industry:Banking
Abbr.: LIBID. Interest rate at which banks in London are prepared to accept each other's short-term deposits.
Industry:Banking
A card issued by Switzerland's PostFinance that can be used to withdraw cash (worldwide), or as a form of payment at shops, restaurants, gas stations, etc. (within Switzerland).
Industry:Banking
Chip card function (e.g. on a Maestro card or Postcard). Chips can be loaded with cash up to a set amount at a Bancomat. Can be used as a cash substitute in shops displaying the CASH sign. PIN codes are not required, and the price of the purchase can be debited directly from the card.
Industry:Banking
Abbr.: LIBOR. Interest rate at which banks in London offer to lend out short-term deposits to one another.
Industry:Banking
End-device that can be used when making cashless payments for goods and services in shops. The funds can be debited directly from the customer's account (e.g. when using a Maestro card with PIN). POS stands for point of sale.
Industry:Banking
The umbrella organisation of the Swiss regional banks, founded in 1994 with the aim of strengthening the regional banks and promoting collaboration between them. RBA-Holding performs central functions for its members relating to IT, bundling of business volumes, service standards and the purchasing of professional services. It also acts as a monitoring body. Do not confuse with the Reserve Bank of Australia (also RBA).
Industry:Banking
Note-changing machine which can be used irrespective of bank opening hours to change foreign currency notes into Swiss francs and vice versa.
Industry:Banking
