Home > Term: interim statement
interim statement
Balance sheet of a company covering a period ending between the regular annual closing dates. According to Article 23b of the Ordinance to Swiss Banking Law, the banks falling under the law with total assets exceeding CHF 100 million must draw up and publish interim financial statements (balance sheet plus income statement). Article 7 of the Banking Law further states that under certain circumstances the banks must submit monthly interim balance sheets to the Swiss National Bank. See also balance sheet.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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