- Industry: 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.
Also: clearing organization. Institution which settles the payment of financial transactions between members. Used to rationalize securities trading and bank payments. Local clearing houses exist in all major banking centres, often alongside other organizations working on a national or international basis. See also bank clearing system, securities clearing.
Industry:Banking
Also: account. Record of all incoming and outgoing payments maintained by a bank for its clients. Interest rates, charges, credit and withdrawal limits and additional facilities will vary according to the type of account.
Industry:Banking
Abbr.: CP. Common form of money market paper in the US in the form of a promissory note issued by a large company which gives a blank endorsement of the CP. Interest is discounted from the face value at the prevailing market rate for commercial paper on sale. Foreign companies have recently also started issuing CP in the US. See also Eurocommercial paper.
Industry:Banking
Short form: e-banking. Also: direct banking. Use of banking services via electronic channels or via designated providers and private transmission media regardless of time of day or location.
Industry:Banking
Equity paper which does not confer any ownership rights but grants the holder the right to participate in the net profit and the liquidation proceeds, as well as the right to subscribe to new shares.
Industry:Banking
(1) Calculation of the capitalized value of regularly recurring payments or income streams (such as rental income) using a specific interest rate (capitalization rate).
(2) Synonym for market capitalization.
Industry:Banking
Precious metal account managed by a bank giving the accountholder a claim to a specified quantity of precious metal or a specified number of precious metal coins but not yet conferring title to the assets at the time they are credited.
Industry:Banking
Abbr.: PC. A security (registered or bearer) incorporating the right to participate in the ownership (equity) of a corporation, with some legally prescribed rights but without other rights granted to shareholders (e.g. the right to vote at shareholders' meetings). In Switzerland, participation certificates serve a similar function to dividend right certificates and are issued against cash contribution for the purpose of raising capital. As is the case with capital stock, participation certificates form part of the equity capital of a company. The minimum par value in Switzerland is CHF 0.01.
Industry:Banking
Also: non-fixed-income asset, tangible asset. Assets with a lasting value (e.g. real estate, precious metals, inventories of commodities or goods, shares). As a rule, an investment in real assets offers better protection against inflation and greater security against the depreciation of a currency over the long term than nominal claims (e.g. bonds). They are, however, subject to greater fluctuations in value. See also real asset clause.
Industry:Banking
Transaction (purchase or sale), whereby the contractual obligations (e.g. delivery of and payment for currency, goods or securities) are not performed immediately but instead at a later date and at a price either fixed in advance or determined on the basis of market developments. A distinction is drawn between unconditional forward transactions (futures, forwards) and conditional forward transactions (options). Opposite: spot transaction.
Industry:Banking
