- 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.
(1) Financial statements: cut-off date.
(2) Exchange trading: the day on which liabilities arising from forward transactions have to be settled.
(3) Dividend distributions: the day on which shareholders become entitled to a dividend.
Industry:Banking
Electronic memory device maintained by the Swiss Exchange. It contains all current buy and sell orders in price-time sequence for a specific security at a given moment.
Industry:Banking
Price or rate at which securities, foreign exchange, foreign bank notes or precious metals are offered for sale. Price is marked A or a for asked. Opposite: bid.
Industry:Banking
Abbr.: D/P. Notation used in foreign trade transactions indicating that documents may be handed over to the buyer only against payment.
Industry:Banking
Term used in commercial contracts indicating that the seller has paid the costs of freight beyond a named point to a second named point. Title to the shipment passes to the buyer at the first named point. See also freight collect.
Industry:Banking
Share made out to the bearer, i.e. the person who holds or possesses the instrument, rather than to a specific named person. Bearer shares may only be issued after payment of the full par value. Opposite: registered share.
Industry:Banking
Document confirming that a contract for life insurance coverage has been concluded. Serves only as evidence and is not a negotiable instrument.
Industry:Banking
Also: offshore market. Internationally oriented financial market that offers investors and financial institutions special advantages by virtue of its liberal economic and fiscal legislation. Transactions in these centres do not affect the domestic market and are executed in a foreign currency. Examples include Bahamas, British Virgin Islands, Cayman Islands, Barbados, Bermuda, Channel Islands, Netherlands Antilles and Panama.
Industry:Banking
Expression used in connection with letters of credit. A notifying bank appends its confirmation to a transaction without being instructed to do so by the opening bank.
Industry:Banking
A clause aimed at removing the risk (with regard to a particular claim) of a devaluation of one's own currency, by designating a fixed ratio or exchange rate between this currency and the foreign currency.
Industry:Banking
