- 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.
Abbr.: D/P. Notation used in foreign trade transactions indicating that documents may be handed over to the buyer only against payment.
Industry:Banking
Term used in commercial contracts indicating that the seller has paid the costs of freight beyond a named point to a second named point. Title to the shipment passes to the buyer at the first named point. See also freight collect.
Industry:Banking
Share made out to the bearer, i.e. the person who holds or possesses the instrument, rather than to a specific named person. Bearer shares may only be issued after payment of the full par value. Opposite: registered share.
Industry:Banking
Document confirming that a contract for life insurance coverage has been concluded. Serves only as evidence and is not a negotiable instrument.
Industry:Banking
Also: offshore market. Internationally oriented financial market that offers investors and financial institutions special advantages by virtue of its liberal economic and fiscal legislation. Transactions in these centres do not affect the domestic market and are executed in a foreign currency. Examples include Bahamas, British Virgin Islands, Cayman Islands, Barbados, Bermuda, Channel Islands, Netherlands Antilles and Panama.
Industry:Banking
Acceptance credit used for import or export financing. Usually secured by an irrevocable documentary credit issued by the buyer's bank. See also documentary credit.
Industry:Banking
Expression used in connexion with letters of credit. A notifying bank appends its confirmation to a transaction without being instructed to do so by the opening bank.
Industry:Banking
A clause aimed at removing the risk (with regard to a particular claim) of a devaluation of one's own currency, by designating a fixed ratio or exchange rate between this currency and the foreign currency.
Industry:Banking
Short name for the Federal Mortgage Association, a mortgage institution whose main business is in the securitization of existing loans for the purchase of real estate. According to the US Treasury it is the largest US borrower and acts as a mortgage financing agency. See also Freddie Mac.
Industry:Banking
Device which can be used to call up information on securities (prices, dividends, earnings per share, etc.) from a central electronic system.
Industry:Banking
