- 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.
Payment for the securities allotted under subscriptions to new or conversion issues. In the case of equities, this can be either full or partial, depending on whether only part or all of the share's par value is paid. See also non-paid-up capital.
Industry:Banking
Investment fund which is permitted to issue new units continuously and is obligated to redeem issued shares at their net asset value if shareholders so demand. Switzerland allows only this type of investment fund. Opposite: closed-end fund.
Industry:Banking
The act of returning assets invested in other countries to the funds' country of origin.
Industry:Banking
Dividend distributed in the form of shares of the company in question. Stock dividends are rare in Switzerland due to the tax burden they entail, but are common in the USA.
Industry:Banking
Also: statutory limitation. When a claim becomes time barred after a certain period of time has elapsed the borrower is then no longer obliged to make any payments. There are different limitation periods defined by law depending on the type of claim in question (cf. for example 127 ff. of the Swiss Code of Obligations). Mortgage claims are not subject to statutory limitation.
Industry:Banking
Abbreviation: GAAP. Mandatory US standards for the presentation of accounts. See also Swiss Accounting and Reporting Recommendations, International Financial Reporting Standards.
Industry:Banking
Abbr.: SMF. Swiss Exchange information system that provides all prices on a continuous basis with their trading volumes and times, the best bid and ask prices with accumulated amounts and accumulated daily volumes.
Industry:Banking
Credit balances or claims, for example in the form of loans, granted to customers abroad. Opposite: foreign liabilities.
Industry:Banking
A loss resulting from the lower valuation of assets or the higher valuation of liabilities (such as provisions). Equal to the difference between the old and the new (lower) book value. Opposite: book profit.
Industry:Banking
Also: double taxation treaty. Agreement (or treaty) signed between different nations for the purpose of eradicating or alleviating the effects of double taxation. The OECD has drafted a model treaty and recommendations.
Industry:Banking
