Investment banking

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

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Investment banking

grey market

Banking; Investment banking

A part of the capital market that is unregulated or not under government supervision. The grey market is a market where securities that have not been issued yet are traded before closing of the ...

income statement

Banking; Investment banking

A statement detailing and balancing the expense items and income items of a company for the past financial year.

passporting

Banking; Investment banking

A term describing the right to conduct financial services across the EU based on a single authorization or approval. Firms authorized in one Member State acquire passporting rights enabling them to ...

when, as and if issued

Banking; Investment banking

A term referring to a transaction made conditionally because a security, although authorized, has not yet been issued.

closed-end fund

Banking; Investment banking

Abbr.: CEF. Also: closed-end investment company. Investment fund in the form of a company (normally a public limited company) with fixed capital. A closed-end fund is not obliged to redeem units on ...

best execution

Banking; Investment banking

According to MiFID, all bank clients must receive appropriate information on the bank's best execution policy. The policy specifies that the bank must execute orders on the terms most favourable to ...

inducements

Banking; Investment banking

According to MiFID, banks must be transparent regarding any fees, commissions and non-monetary benefits they receive or pay in connection with the provision of investment and ancillary services to ...