- 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.
Sample copy of a share certificate to be introduced. It lacks certain details such as the serial numbers and/or signature.
Industry:Banking
(1) Also: custody account. Total of all securities and valuables deposited with a bank. See also sealed safekeeping account, open safekeeping account, numbered safekeeping account.
(2) Also: securities safekeeping account. Custody account for the safekeeping and administration of securities.
Industry:Banking
Also: structured finance. A field of corporate finance, financial engineering refers to the application of various mathematical, statistical and computational techniques to solve practical problems in finance. Such problems include the valuation of derivatives instruments such as options, futures and swaps, the trading of securities, risk management and regulation of financial markets. In a broader sense the term generally means qualified financial consulting services (e.g. solving capital and asset management problems, selecting financing strategies and instruments, drawing up financial and cash plans, assessing and evaluating investment projects).
Industry:Banking
UK synonym for leverage. Indicates how much more an options investment can earn than an equity investment with the same initial capital outlay. The higher the gearing, the more volatile the option.
Industry:Banking
Applying to several banks at once for newly issued shares or bonds in strong demand in the hope of securing a sizeable allotment. A stag is a speculator engaging in this practice.
Industry:Banking
Person named on a bill by the drawer, endorser or guarantor and expected to accept or pay should the need arise.
Industry:Banking
The Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence (CDB) is a multilateral agreement between the Swiss Bankers Association (SBA) and banks domiciled in Switzerland. By signing the Agreement banks place themselves under an obligation to the SBA to identify their contracting partners and, in cases of doubt, to obtain a declaration as to the identity of the beneficial owner of the deposited assets. The banks also place themselves under an obligation not to provide any active assistance in the flight of capital or tax evasion. The original CDB dates from 1977, and it has been revised and made more stringent several times since then. The CDB is now also a key instrument in combating money laundering and served as the model for the Money Laundering Act.
Industry:Banking
Fund construction comprising several subfunds. Since the subfunds together form a single legal entity (umbrella), it is only necessary to submit the umbrella fund for authorization. Once the umbrella has been authorized, further subfunds may be created. Investors may switch from one subfund to another free of commissions. See also investment fund, fund of funds.
Industry:Banking
In subscribing a specific number of securities, the subscriber undertakes to take up the said securities according to the conditions set down in the prospectus if they receive a definitive allocation.
Industry:Banking
