- 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.
Term applied to the group of ten countries that concluded the General Arrangements to Borrow (1962). International credits are granted in conjunction with the International Monetary Fund (IMF). Switzerland became an associated member of the Club of Ten in 1964 and a full member in 1984.
Industry:Banking
Open outcry trading. French expression for a system of stock market trading where the stock exchange clerks read out the securities in the order they appear on the official quotation list while the dealers gather around the ring and call out the bid and ask prices for each security and make the prices paid known to the registering clerk. Opposite: electronic trading system.
Industry:Banking
Highest debt grade in the rating system used by Standard & Poor's for securities in the international financial markets.
Industry:Banking
American Depositary Receipt. Negotiable registered certificate issued on the US market and evidencing title to non-US equity paper. ADRs are registered with the Securities and Exchange Commission (SEC) and quoted in USD. Holders of ADRs essentially enjoy the same ownership and membership rights as shareholders.
Industry:Banking
Abbr.: EMU. Established under the Maastricht Treaty on European Union. In the broader sense an economic and monetary union. Participating countries are obligated to pursue a common economic policy and use a single currency (euro). Entered into force on 1 January 1999.
Industry:Banking
Abbr.: ECB. Central bank of the European Monetary Union whose remit is to implement European monetary policy within the EMU. The headquarters of the European Central Bank are in Frankfurt; it is wholly independent and not subject to instructions from governments or the EU executive. The central banks of member countries, which also enjoy complete independence, remain in existence and along with the ECB constitute the European System of Central Banks (ESCB). Website: www.ecb.int.
Industry:Banking
Abbr.: EMI. Precursor of the European Central Bank responsible for coordinating monetary and economic policy in the EMU countries in preparation for the third phase of the introduction of the euro.
Industry:Banking
Abbr.: EMS. The European Monetary System I (EMS I) was a system of fixed, but nonetheless flexible, exchange rates determining the exchange rates for the currencies of certain EU member countries. Since the European Monetary Union came into force a new system (EMS 2) has governed the fixing of exchange rates between the euro and the currencies of those EU countries not participating in the single currency.
Industry:Banking
Clearing system of Swiss Interbank Clearing for Swiss payment transactions in euros within Switzerland and beyond its borders.
Industry:Banking
