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

prospectus

Banking; Investment banking

A document issued by a company or public authority planning to float a bond or shares. As well as describing the modalities of the issue, the profit outlook and the securities to be issued, it also ...

sinking fund bond

Banking; Investment banking

In the USA: bond whose indenture stipulates that the redemption of the bond issue will be paid in accordance with a specified redemption plan from a sinking fund specially created for this purpose.

transferable letter of credit

Banking; Investment banking

Documentary credit under the terms of which the beneficiary may instruct the expressly authorized bank to make all or part of the credit available to one or more other beneficiaries (second ...

balance of payments

Banking; Investment banking

Balance-sheet-like record of all cross-border payments of a country during a given period. The balance of payments includes current transactions in respect of goods (foreign trade) and services ...

good-till-cancelled order

Banking; Investment banking

Also: GTC order. A stock exchange order which remains valid until executed or cancelled.

acceptance

Banking; Investment banking

(1) Written declaration on a bill of exchange that the latter is accepted. Acceptance of the bill of exchange must be declared, although it can also be limited to just part of the amount of the bill ...

debt enforcement by bankruptcy proceedings

Banking; Investment banking

Debt enforcement which seeks to sell all the assets of the debtor. Debt enforcement by bankruptcy proceedings (Art. 39 of the Swiss Federal Law on Debt Collection and Bankruptcy) is generally used if ...