12 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
central mortgage bond institution
Banking; Investment banking
Special institution set up to issue mortgage bonds and grant long-term loans to its affiliated banks. Two such institutions were established in Switzerland in 1930, namely the Central Mortgage Bond ...
declaration of indemnity
Banking; Investment banking
A declaration whereby a person who has received substitute instruments upon the loss of securities, coupons or savings books undertakes to indemnify the bank or company concerned for any improper use ...
subsidiary
Banking; Investment banking
Also: subsidiary company. Legally independent company that is controlled by another company, its parent company. The subsidiary may have been founded by the parent company or acquired by it, and ...
exchange rate mechanism
Banking; Investment banking
The European Monetary System (EMS) was replaced following the decision taken by the European Council on 16 June 1997 to set up an Exchange Rate Mechanism (ERM II) in the third stage of the Economic ...
discount
Banking; Investment banking
(1) Price reduction expressed in percent which may be deducted from the invoiced amount if payment is made within a specified period. (2) Interest deducted in advance if claims falling due later, ...
bank declaration
Banking; Investment banking
Under Swiss withholding tax law, the annual distribution of investment trusts deriving at least 80% of their income from non-Swiss sources is credited to shareholders not residing in Switzerland ...
clearing
Banking; Investment banking
A system used to settle mutual indebtedness between a number of organizations (banks, brokers, etc). All claims are set against one another, a balance is struck at agreed intervals and only the ...
