- 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.
Investment fund which invests in securities and book-entry securities traded on an exchange or other regulated market open to the public.
Industry:Banking
Credit granted on the basis of security or collateral pledged or deposited to assure repayment. The security may take the form of a pledge of securities, an assignment, a guarantee, a surety or real and personal collateral. Opposite: unsecured credit. See also collateral security.
Industry:Banking
Also interim account. An account for the temporary entry of charges or credits, pending determination of their ultimate disposal. Frequently used in connection with doubtful accounts receivable.
Industry:Banking
Loan granted against the pledging of securities as collateral (broker's loan) or against the pledging of goods (advance against goods as security). The costs of a lombard loan are calculated on the basis of the official or private lombard rate (rate for advances against collateral).
Industry:Banking
Options of the same option class and with the same expiry date, but with different strike prices.
Industry:Banking
The stage in the economic cycle at which activity declines, characterized by a drop in real terms in the national product.
Industry:Banking
Also: portfolio management mandate. Limited power of attorney empowering the authorized agent to perform management and administrative acts, but not conferring any authority with regard to disposal. See also managed account.
Industry:Banking
Fund-like pool of assets. Units are offered solely to clients who already have assets under management with the bank operating the fund. Under Switzerland's Investment Fund Act, a bank may not publicly advertise inhouse funds.
Industry:Banking
