- Branche: 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.
Company in which another company has a minority holding. See also holding company.
Industry:Banking
(1) Transaction to cover stock market obligations incurred.
(2) Forcible settlement of a stock market transaction if the other party fails to meet its obligations.
Industry:Banking
Abbr.: ERG. A guarantee provided in respect of receivables from export business. The Swiss federal export risk guarantee system has been in existence since 1934. On Jan 1, 2007 SERV, a federal institute under public law became ERG's successor. Export risk guarantees are not limited to exports of physical goods, but can also be extended in respect of many other forms of economic transactions, such as the leasing of goods, construction, engineering and development services, licensing, and scientific, technical and corporate consulting.
Industry:Banking
Bond issued before 1 March 2001 that have not been supplemented since 1 March 2002 whose interest income is not subject to the EU interest tax directive during a transitional period through 2010. Under the directive, 12 of the 15 old EU member states and all 10 new member states must be notified of cross-border interest payments to EU citizens. Austria, Belgium and Luxembourg require imposition of a source tax. The directive entered into effect in 2005.
Industry:Banking
Joint (usually large-scale) financing operation (bond issue, loan, etc.) by several banks which have formed a syndicate or consortium for the purpose. See also syndicated credit.
Industry:Banking
The promise made by a mortgage borrower to the creditor not to encumber the property with any additional pledges in favour of third parties without the creditor's consent and not to raise existing ones. Usually agreed in writing. See also negative pledge clause.
Industry:Banking
The market on which new securities are launched and enter into circulation. See also secondary market.
Industry:Banking
Supplementary information included in the notes to the financial statements of a company, giving a breakdown of business results by sector and geographical location. Required in accordance with International Accounting Standards.
Industry:Banking
(1) A sum of money or property held and administered by trustees on behalf of a third party. Under UK/US law, both the trustees and the beneficiaries are regarded as being the owners of the assets or property.
(2) A group with a dominant market position. 'Trust' is seldom used in this sense these days, with the exception of phrases such as 'anti-trust legislation'.
(3) Previously common short form for unit trust (= investment fund).
Industry:Banking
