- 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.
A portfolio is called efficient when there is no portfolio with lower risk for a given portfolio return or when there is no portfolio with a higher return for a given portfolio risk level.
Industry:Banking
A cheque restricted in use by means of special endorsements. A general crossed cheque has two parallel diagonal lines across the face and may also be endorsed «& Co.» The bank on which a crossed cheque is drawn may only pay it to one of its customers or to a bank. A special crossed cheque bears the name of a bank between the parallel lines, denoting that it may only be paid to the designated bank. If the bank on which the cheque is drawn is itself the designated bank, then the cheque may be paid to one of its customers. A general crossed cheque may be converted into a special crossed cheque, but not vice versa.
Industry:Banking
Also: inverse yield curve. Situation in which interest rates and yields for longer durations are lower than for shorter duration Normally, the interest rate or yield increases as the investment period increases.
Industry:Banking
A hedge fund strategy that invests in currencies, exchange rates, commodities, gold, bonds and fixed-income securities and is based on fundamental analysis of the global macroeconomy. Macro hedge funds are the oldest and best known. Their trading volumes are very high, and they apply a diverse range of instruments. These funds are regarded as highly speculative, as leverage is particularly high and managers also make use of derivatives, and especially financial futures. The aim is to maximize returns on the hedge fund through leverage.
Industry:Banking
A stock exchange order that links two transactions so that one is contingent on the other and they can only be executed together. With a contingent order the proceeds of the sale of one security can be used when switching to another.
Industry:Banking
Obsolete. A bank licensed to trade securities on a ring. See also stock exchange bank.
Industry:Banking
The rate of interest charged on an overdue debt, from the date of default to the date of eventual settlement.
Industry:Banking
Also: accounts, annual accounts. The balance sheet and profit and loss account/income statement of a company prepared at the end of an accounting period.
Industry:Banking
Place where banks are domiciled or are represented by business offices. In Switzerland only those localities are considered to be banking centres in which the Swiss National Bank maintains its own bank office or agency or is represented by a correspondent bank. This distinction plays a role primarily in connection with bill collection and discounting.
Industry:Banking
