- 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.
In Switzerland, a current account-type loan granted specifically for financing the construction or renovation of a building. Funds are advanced at specific stages of construction in so-called progress payments. Accrued interest is factored into the loan. On completion of building work, a construction loan is usually converted into a mortgage.
Industry:Banking
A specified sum of money lent by a creditor or lender (e.g. a bank) to a person or entity and repayable at a predetermined due date or after notice of repayment is given. See also fixed advance.
Industry:Banking
Account held in a bank by a trustee on behalf of third-party assets. See fiduciary transactions.
Industry:Banking
Comprehensive service for the management of large, globally diversified securities portfolios. The aim is to provide institutional investors with an efficient, transparent form of securities administration.
Industry:Banking
Agreement by the terms of which the fund management undertakes to ensure the entitlement of each investor to a share of the investment fund proportional to the units they have acquired, and to manage this fund in accordance with the provisions of the fund regulations and the applicable legislation.
Industry:Banking
Also: after-hours trading. Unofficial securities trading after the close of a stock exchange. Normally takes place between banks via electronic information systems. See also over-the-counter trading.
Industry:Banking
Bond issued without conversion or warrant clauses but with a fixed term to maturity, fixed interest rate, regular interest payments on dates specified in advance and unconditional repayment of the bond amount at maturity. See straight bond. «Plain vanilla» is also used in connection with other financial products (e.g., options, swaps) to indicate a standard form without special characteristics.
Industry:Banking
A market that is driven by short-term trading considerations and chart analysis.
Industry:Banking
