- 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.
Also: counter credit, back-to-back credit. Documentary credit which is granted to another beneficiary on the basis of an existing, non-transferrable documentary credit (prime/master/original letter of credit). Back-to-back credits are commonly used by middlemen when the original credit cannot be transferred and/or the terms of the two credits are not the same.
Industry:Banking
Abbr.: CIP. Clause used in the forwarding business meaning that the seller delivers the goods to the carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and additional costs occurring after the goods have been so delivered. However, in CIP the seller also has to procure insurance against the buyer's risk of loss of or damage to the goods during the carriage. See also CIF, FAS, FOB.
Industry:Banking
Funds raised by a company for capital investment in plant and equipment or for acquisition purposes, via the issue of shares and participation certificates or, in the case of a cooperative, the issue of unit certificates. Opposite: debt financing.
Industry:Banking
Area of banking which is primarily concerned with the securities business and corporate finance.
Industry:Banking
The field of economics that studies the behavior of the economy as a whole. Macroeconomics examines economy-wide phenomena such as changes in unemployment, national income, gross domestic product (GDP), growth, and price levels (inflation).
Industry:Banking
Price performance by a stock or portfolio that exceeds that of a given benchmark. Opposite: underperformance.
Industry:Banking
Return on an investment in first-class money market paper, which due to its short term to maturity is subject to virtually no price fluctuations and is therefore regarded as being risk-free, e.g. Treasury bills.
Industry:Banking
In general: financial term for a combined or simultaneous buying and selling operation.
(1) Swaps between central banks: transactions that are frequently carried out in connection with the IMF or the BIS to bridge international liquidity crises.
(2) Capital-market swaps: agreements whereby the two parties undertake to swap payments over a specified period on specified dates and at conditions fixed in advance. The swap contract can either refer to the exchange of interest payments (interest-rate swap) or the exchange of interest payments and nominal amounts in different currencies (currency swaps).
(3) Synonym for currency swap.
(4) Synonym for debt-equity swaps.
Industry:Banking
Pan-European blue chip exchange, set up by the London stock exchange «Tradepoint» and Swiss Exchange SWX and based in London. virt-x is the first pan-European blue chip platform, on which all European blue chips can be traded electronically and which offers integrated clearing and settlement with a central counterparty. One of the key facets of virt-x is the extremely high level of automation, which means that an order can be traded, cleared and settled with one mouseclick. Website: www.virt-x.com.
Industry:Banking
