- 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.
The action taken by the holder of an option contract to exercise his right to buy or sell one or more underlyings at the terms specified in the option contract.
Industry:Banking
Also: overnight money, day-to-day money. Funds lent by the banks to one another at interest in large, round amounts which the lending bank can call for repayment on a daily basis and which can be repaid by the borrower at any time without notice.
Industry:Banking
A system used to settle accounts between securities traders (banks, brokers, etc.). All claims are set off against one another in a clearing centre and only the differences settled, with no physical delivery between participants. See also SIS Segaintersettle, Clearstream, Euroclear.
Industry:Banking
Loss that a bank would incur if a business partner were to become insolvent. See also risk.
Industry:Banking
Document issued by the registrar of the land register evidencing that a real estate lien (normally a mortgage certificate) has been founded but not yet officially registered. Prior to delivery of the real estate lien the rights associated with the latter can be claimed using the interim certificate.
Industry:Banking
Also: rate for advances on securities. Interest rate applied where securities are pledged as collateral for loans. See also Lombard loan.
Industry:Banking
The notation «to the order of» after the name of the beneficiary makes it possible to transfer securities by endorsement. The clause turns the security into an instrument to order (bill of lading). In the case of legal instruments made out to order (e.g. bill of exchange, cheque, registered share) the notation is not essential because these securities are already deemed to be endorsed.
Industry:Banking
Sum of money forwarded from one person or one entity to another, either by cash or by negotiable instrument, usually in payment of an invoice for goods or services purchased.
Industry:Banking
Stock market purchase order aimed at preventing a decline in price that would be undesirable from the buyer's perspective, or at supporting the price of a security or the exchange rate of a currency.
Industry:Banking
Also: dilution. Loss in the value of the equity paper issued by a company due to the placement of additional stock.
Industry:Banking
