- 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.
Under Swiss withholding tax law, the annual distribution of investment trusts deriving at least 80% of their income from non-Swiss sources is credited to shareholders not residing in Switzerland without deduction of Swiss withholding tax, provided the bank where the coupons are cashed declares:
(1) that the shareholder does not reside in Switzerland,
(2) that the shares are deposited with it in a safekeeping account,
(3) that the coupon amount is not paid out in cash but credited to an account held by the shareholder at that bank.
Industry:Banking
A system used to settle mutual indebtedness between a number of organizations (banks, brokers, etc). All claims are set against one another, a balance is struck at agreed intervals and only the differences are settled. Used frequently in securities clearing.
Industry:Banking
In Switzerland there is no state deposit insurance, however Swiss banks offer depositor protection.
Industry:Banking
Totality of measures taken by a central bank to control the money supply, interest rates and the exchange rate against foreign currencies.
Industry:Banking
Also: funded pension scheme, funded pension system. Method of financing employed by insurance companies and pension funds. The contributions of the insured parties are accumulated to form the capital required for the payment of insurance benefits. Opposite: pay-as-you-go system.
Industry:Banking
Daily adjustment of (generally exchange-traded) derivative contracts to calculate daily gains or losses on the relevant position.
Industry:Banking
Securities issued at the nominal or face value, i.e. without agio or disagio (premium or discount). In the case of an above par issue the price is higher than the nominal value and in the case of a below par issue it is lower.
Industry:Banking
Medium- to long-term credit with a floating interest rate which is usually reset every 3, 6 or 12 months. The basis for the periodic interest rate adjustment is, for instance, the London Interbank Offered Rate (LIBOR) for short-term borrowing on the Euromarket.
Industry:Banking
Partial convertibility means that a currency can be converted into other currencies at least to a certain extent. See also full convertibility, convertibility.
Industry:Banking
Shares of a corporation which have scored faster-than-average earnings gains and are expected to show high levels of profit growth. As a consequence, they justify a higher P/E ratio but also constitute riskier investments than average equities.
Industry:Banking
