- 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.
In currency trading: price quote for a currency in which one unit (or 100 units) of a foreign currency are expressed in units of the domestic currency. See also indirect listing.
Industry:Banking
Unit of ownership in an investment fund. Embodies the investor's right, enforceable against the management company, to a share in the assets and income of the investment fund.
Industry:Banking
Indicator which can be used to compare the value or level of a statistic with its value or level at an earlier point in time, accounting for changes due to factors such as price changes and movements in the economy. See also share index.
Industry:Banking
Securities and merchandise are quoted at a market or selling price. Foreign exchange is quoted in rates, not prices.
Industry:Banking
Endorsement on the face of a check indicating that the amount must be credited to an account and cannot be paid out in cash.
Industry:Banking
Literally, to discount again. To sell or discount a negotiable instrument which has already been discounted once. For example, the Swiss commercial banks are able to rediscount bills which they have already discounted at the Swiss National Bank.
Industry:Banking
Term coined in the seventies to describe the combination of slow or non-existent economic growth (stagnation) with relatively strong price increases (inflation).
Industry:Banking
Swiss banking term for an assignment credit granted to a building contractor or craftsman secured by an assignment of future receivables from a works contract.The contractor loan differs from a customary assignment credit in that it is always secured by the assignment of a future receivable and not an existing book claim.
Industry:Banking
Swap transaction whereby the two parties undertake to swap variable interest payments for fixed interest payments in respect of a certain nominal value at regular intervals over a specified period.
Industry:Banking
