- Industry: 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.
Mortgage that follows a first mortgage in order of rank. Granted in Switzerland usually with a loan-to-value ratio of around 65%-80% of the underlying property's market value and subject to amortization (unlike first mortgages, which in Switzerland are generally not amortized). The interest rate on second mortgages is higher than on first mortgages.
Industry:Banking
Central computerised system used by a stock exchange (e.g. the SWX Swiss Exchange) in which the various applications (e.g. order books, matchers) are run. The stock exchange system is linked up with the systems of dealers via gateways.
Industry:Banking
Strategy of spreading an investment over different assets in order to reduce the portfolio risk.
Industry:Banking
The transfer of title or rights to an order instrument by signing on the back of the instrument. See also assignment.
Industry:Banking
Risk arising from political, economic, legal or social factors in a particular country.
Industry:Banking
Swiss law which, together with the related ordinances issued by the Federal Council and the Swiss regulatory authority, governs the relationships between investors, fund management and custodian bank.
Industry:Banking
Abbr.: BIS. International financial institution domiciled in Basel. The BIS promotes cooperation between central banks as well as advocating the standardization of banking regulations by issuing recommendations for capital adequacy, risk management and derivatives. Website: http://www.bis.org.
Industry:Banking
Swiss Federal Law on Banks and Savings Banks dated 8 November 1934, and revisions. Designed primarily to protect creditors, the Banking Law also defines licensing policy, minimum liquidity requirements, capital adequacy, accounting principles, and internal and external supervision. The law governs the operations of all banks, private bankers and savings banks.
Industry:Banking
