- 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.
Abbreviation: IRG. Swiss federal government institution set up to facilitate investment in developing countries. Investors can use the guarantee to cover certain risks which neither they nor their partners in the recipient country can influence and which they cannot cover in any other way. Under certain conditions, the investment risk guarantee covers inability or refusal to pay on the part of governments and public authorities, as well as the risks of political events or government measures in the recipient country. In Switzerland, the IRG is governed by the Federal Law on the IRG dated 20 March 1970.
Industry:Banking
Savings, lending or mortgage bank that initially drew up a mortgage loan or proposed a new securities issue.
Industry:Banking
Exposure to damage or financial loss, e.g. a fall in the price of a security, or insolvency on the part of a creditor. Financial market theory measures the risk exposure of an investment in terms of the degree of variance. Risk and return are in direct mutual correlation: the higher the risk exposure, the more substantial the long-term return on an investment should be. The main risk categories are: country risk, transfer risk, settlement risk, price risk, interest-rate risk and credit risk. Risks are hedged with provisions. Hedging products available from banks include forward and repurchase transactions, options and financial futures. See also systematic risk.
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
