- 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.
Statement prepared by the bank for the client recording the sale or purchase of securities.
Industry:Banking
Private person or legal entity treated as resident under fiscal, currency control and other legislation.
Industry:Banking
Abbreviation: FRN. Also: floating rate bond. Bond with a variable interest rate based on a reference interest rate, plus or minus a further component as risk premium.
Industry:Banking
Current account loan secured by a maximum-sum mortgage or pledge on a mortgage deed.
Industry:Banking
Preference share on which unpaid dividends accumulate until they can be paid. In the case of limited cumulative preferred shares the number of years in which dividends may accrue is limited.
Industry:Banking
The act or process of transforming or extending a credit agreement, whereby the old debt is cancelled by the establishment of a new one. With current accounts this can be achieved by determining the negative balance and having this acknowledged.
Industry:Banking
Abbr.: SN. Swap transaction involving the purchase of currency for delivery on the working day after the spot date.
Industry:Banking
Term that indicates that the price of a security is lower than its nominal value. Opposite: above par.
Industry:Banking
(1) The difference between the interest earned by a bank and the interest paid by it.
(2) The difference between the interest rates in a particular sector of the banking business, e.g. between the interest rate for first mortgages and the interest rate on the deposits and borrowings used to refinance the mortgages.
Industry:Banking
