- 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.
Swiss commercial bank under the sole or majority ownership of a cantonal government. They conduct the bulk of their business in the respective canton. Most cantonal banks are public-law corporations, but more and more are converting to public limited companies which are, as a rule, backed by a guarantee under which the canton assumes liability for all or part of the bank's obligations.
Industry:Banking
Market manipulation is the practice of using sham transactions, other transactions without an economic basis or simply placing orders with intent to create the impression of market activity or to distort supply and demand, share prices or the valuation of securities.
Industry:Banking
Indicates that the price of the instrument is equal to its face or nominal value. See also issue at par, par value price.
Industry:Banking
Exchange specializing in commodities / raw materials contracts. The major commodities exchanges are located in Chicago, London and New York.
Industry:Banking
An acceptance which varies from the terms of the bill itself, e.g. in that it calls for payment of only part of the amount. See also bill of exchange.
Industry:Banking
A foreign bank's account with a domestic bank, either in local currency or foreign currency. The domestic bank maintains the account and prepares the statement. Opposite: nostro account.
Industry:Banking
Letter by the bank of the applicant notifying the beneficiary that a letter of credit has been opened. See also documentary credit.
Industry:Banking
Price risk inherent in forward transactions. Risk that the correlation between the price of a financial future and that of the underlying spot instrument could change so significantly as to diminish the success of the hedging transaction.
Industry:Banking
Coupon stripping is the act of detaching the interest payment coupons from a note or bond and splitting the security into a coupon sheet and a certificate, which is redeemed at face value on maturity. See also coupon.
Industry:Banking
Period during a trading session when the system closes the order books, starts the opening procedure, establishes the opening price and determines the orders to be executed according to the matching rules.
Industry:Banking
