- 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.
A loss resulting from the lower valuation of assets or the higher valuation of liabilities (such as provisions). Equal to the difference between the old and the new (lower) book value. Opposite: book profit.
Industry:Banking
Also: double taxation treaty. Agreement (or treaty) signed between different nations for the purpose of eradicating or alleviating the effects of double taxation. The OECD has drafted a model treaty and recommendations.
Industry:Banking
Economic indicator which changes before the overall economy itself changes, and is therefore seen as an indicator of future developments.
Industry:Banking
Bill of exchange presented to a bank for collection (and not for discounting). The countervalue of the bill is credited to the account of the customer either immediately «on the due date» or only «after collection».
Industry:Banking
Mix of hedge fund strategies characterized by the manager's complete freedom of choice as to strategic changes. Opportunistic hedge fund managers can utilize one or many investing styles at a given time. They are not restricted to any particular investment approach or asset class.
Industry:Banking
Also: contango transaction. Securities trading: the prolongation of a forward long trade from one expiry date to the next. The buyer sells the securities from the expired trade at the spot rate to the bank participating in the transaction, pays the contango (premium) and buys them back as of the next expiry date. Contango transactions generally take the form of a collateral loan. Opposite: backwardation.
Industry:Banking
Ownership of an entire floor of a building or of a particular apartment (flat) within a multi-family dwelling. In Switzerland, condominium ownership is regulated by federal law as a special form of co-ownership. Mortgages may be obtained for the acquisition of condominiums in a similar fashion to mortgages for entire properties.
Industry:Banking
Published list showing the numbers of the securities drawn for premature redemption (such as the bonds of a particular issue).
Industry:Banking
Equity sector incorporating shares of companies producing or distributing pharmacueticals, biotechnology equipment and accessories, or providing medical care. The respective MSCI Sector index acts as a benchmark for shares of companies belonging to this sector.
Industry:Banking
