- 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.
Abbr.: BankO. Abbreviation for the Swiss Implementing Ordinance on Banks and Savings Banks of 17 May 1972 and its amendments. It contains the supplementary provisions to the Swiss Banking Law.
Industry:Banking
Also: break-even point, break even, profitability threshold. Abbr.: BEP. In option transactions the price of an underlying at which the cost of purchasing an option is covered.
Industry:Banking
Abbr.: D/A. Notation used in foreign trade transactions signifying that documents may be surrendered to the drawee only against acceptance of the accompanying bill.
Industry:Banking
Statistically determined measure of the rise in price levels and therefore the decline in the value of money. The inflation rate shows the percentage change in price levels over a given period (month, year). See also inflation.
Industry:Banking
In Switzerland, the discount rate (also called bank rate) of the Swiss National Bank applies only for bills of exchange with a maturity of at least 180 days, drawn on a party in Switzerland and bearing at least two signatures of parties which are independent of one another and are known to be solvent (bills eligible for discount at the Swiss National Bank). The official discount rate is also applied to bill-like instruments of undisputed standing.
Industry:Banking
The return of an asset over a period of time compared to a pre-defined benchmark. The relative return is the difference between the absolute return achieved by the asset and the return achieved by the benchmark. Relative returns are most often used when reviewing the performance of a fund manager.
Industry:Banking
The significant value of an asset for taxation purposes. The Federal Tax Authorities issue a special list of binding tax values for a large number of securities.
Industry:Banking
Legally appointed body whose remit is to supervise the activities of financial institutions. In Switzerland, the Swiss Federal Banking Commission (FBC) is responsible for monitoring banks and investment funds.
Industry:Banking
The renting out, for a specific period, of industrial equipment, facilities and capital goods (machines, technical installations, vehicles, etc). The manufacturer or - in the case of leasing in the narrower sense of the word (financial leasing) - special leasing companies act as principals. Leasing helps to preserve liquidity. 100% borrowing on a pay-as-you-earn basis. Fixed monthly costs cover interest, amortization, the upfront fee and (e.g. with car leasing) the insurance premium.
Industry:Banking
A clause in a contract aimed at excluding the risk posed by the devaluation of a currency relating to a particular claim by fixing the applicable exchange rate between this currency and the foreign currency in the terms of the contract.
Industry:Banking
