5 Terms
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Investment banking
Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.
Industry: Banking
Add a new termContributors in Investment banking
Investment banking
letter of credit issuance
Banking; Investment banking
Letter by the bank of the applicant notifying the beneficiary that a letter of credit has been opened. See also documentary credit.
basis risk
Banking; Investment banking
Price risk inherent in forward transactions. Risk that the correlation between the price of a financial future and that of the underlying spot instrument could change so significantly as to diminish ...
coupon stripping
Banking; Investment banking
Coupon stripping is the act of detaching the interest payment coupons from a note or bond and splitting the security into a coupon sheet and a certificate, which is redeemed at face value on ...
opening
Banking; Investment banking
Period during a trading session when the system closes the order books, starts the opening procedure, establishes the opening price and determines the orders to be executed according to the matching ...
checkable deposits
Banking; Investment banking
Bank and postal checking account balances available at any time for transfers and conversion into cash.
monetary base
Banking; Investment banking
Banknotes and coins circulating in the private sector of the economy as well as giro (clearing) balances maintained with the central bank by commerce, industry and the banks. Another name is central ...
