- 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.
According to MiFID, banks need to ensure proper management and transparency for potential conflicts of interest.
Industry:Banking
According to MiFID, when providing investment advice or portfolio management to a client, banks have to assess whether the service or product is suitable. For all other services, banks have to conduct an appropriateness test.
Industry:Banking
Also known as indirect listing. Term used in foreign exchange for a method of indicating currency prices, whereby one unit (or 100 units) of the home currency is expressed in units of a foreign currency. Most countries use direct listing.
Industry:Banking
Also suspense 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
Also: barrier option. Option that in contrast to normal calls and puts is subject to certain restrictions which create better premiums. If the underlying of a limit option touches, exceeds or falls below a specific price or rate (barrier) during the term, the option is either activated or expires. See knock-in option, knock-out option.
Industry:Banking
Also: company limited by shares. Legal entity whose equity is publicly traded (mostly in the form of shares) and which is as a rule listed on one or several stock exchanges.
Industry:Banking
Also: intangibles. Identifiable non-monetary asset without physical substance held for use in the production or supply of goods or services, for rental to others, or for administrative purposes. Examples include rights, patents, licences, brands, goodwill and client relationships.
Industry:Banking
Also: inverse interest rate structure. 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
Also: key interest rate, base rate (GB), prime rate (USA). The interest rate set by a central bank for central bank funds.
Industry:Banking
An investment firm making markets outside a regulated market or an MTF. MiFID Level 2 measures will establish criteria for determining when an investment firm is a systematic internalizer.
Industry:Banking
