- 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.
Issue whose bonds can be converted into shares or participation certificates of the issuing company under certain conditions and at specified terms.
Industry:Banking
(1) Value, for example of a company, obtained using objective valuation methods. See also net asset value.
(2) Options: positive difference between the current price of the underlying and the lower strike price of a call or higher strike price of a put.
Industry:Banking
A restriction on the transferability of shares as defined in the issuing company's articles of association. See also registered share with restricted transferability.
Industry:Banking
Also: amortization; write-off.
(1) The gradual decrease in value of an asset through wear and tear or other factors limiting its usefulness. Fixed assets are depreciated in accounts by regularly reducing their book value in the balance sheet.
(2) Write-down or write-off of doubtful debts or impaired assets. See also credit risk.
Industry:Banking
Also: cash payment. In future and forward transactions the performance of contractual obligations by paying in cash as opposed to physically delivering the commodity underlying the contract. See also financial future, forward contract.
Industry:Banking
Also: cash transaction. Transaction where delivery and payment for the instruments or goods (e.g. securities, foreign currencies or commodities traded on exchanges) are immediate. In the securities business in Switzerland, a spot transaction is usually settled on the third working day following the transaction and in the foreign exchange market at the latest two working days later. Opposite: forward transaction.
Industry:Banking
Issue of securities with identical features and the placement of these securities within a short space of time at the same conditions for the purpose of procuring long-term debt capital or shareholders' equity on the capital market.
Industry:Banking
The reserves which a company is required to form to comply with legal requirements (e.g. company law). Art. 5 of Switzerland's Banking Law stipulates that 5% of the annual profit is to be allocated to a reserve fund (until 20% of the paid-in capital has been reached) plus a tenth of the amount distributed from the annual profit after the regular allocation to the reserve fund and after payment of 5% to shareholders and others entitled to a share in profits. Any premiums generated during share issues must be allocated to the legal reserves, unless they are used for depreciation or employed for charitable purposes. See also voluntary reserves, reserves.
Industry:Banking
Minimum amount of funds which by law must be deposited by the banks with the central bank. Usually non-interest-bearing. The amount which must be deposited is generally calculated as a percentage of specific liabilities. Minimum reserves restrict the ability of the banks to grant loans and thus influence the money supply.
Industry:Banking
Credit granted to bridge seasonal needs for funds as experienced by certain types of enterprises, e.g. fashion houses. Special form of working capital loan.
Industry:Banking
