- 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.
Inequalities of information, liquidity, expertise, etc. in the market. These can result in price, rate or interest-rate differences between different marketplaces at a given time.
Industry:Banking
Institution which offers bank-like services, e.g. asset management and loans, but which does not have a banking licence and is thus not accountable to the supervisory authorities.
Industry:Banking
An order to or from the drawee (usually a bank), cheque holder or another named person, that is payable on demand and linked to specific formalities, to pay a specified sum of money. Unlike a bill of exchange, a cheque is not a means of credit but a means of cashless payment. In Switzerland, cheques may be drawn only on a bank or the Post Office where the cheque issuer has a credit balance available to cover cheque transactions. Cheques made out to the bearer can be transferred to others simply by handing them over. Crossed cheques are limited in how they can be used. See also traveller's cheque, correspondence cheque, crossed cheque, blank cheque, banker's draft.
Industry:Banking
Trend moving in the opposite direction in reaction to a prior upward or downward trend.
Industry:Banking
A share with preference rights, i.e. which entitles the holder to a certain preferential treatment, primarily with regard to the distribution of income (preferred dividends), the distribution of assets on liquidation and exercising subscription rights. Opposite: deferred share. See also cumulative preference share.
Industry:Banking
Abbr.: BESR. Payment slip used in Switzerland for the efficient, low-cost invoicing of domestic business transactions. Funds paid into the account are notified to the client (on data carriers or by file transfer) for automatic reconciliation of accounts receivable.
Industry:Banking
Written request addressed by a customer (buyer) to his bank to open a letter of credit. Notification usually takes place via a correspondent bank. See also documentary credit.
Industry:Banking
One hundredth of a percent. Used for calculating yield differentials in interest instruments.
Industry:Banking
A set of coupons attached to a bond or share certificate which entitle the owner to receive the interest or dividend on the respective due dates. Today payment of dividends is usually made directly to the shareholder or his or her bank account on the basis of the share register.
Industry:Banking
