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

interest spread

Banking; Investment banking

(1) The difference between the interest earned by a bank and the interest paid by it. (2) The difference between the interest rates in a particular sector of the banking business, e.g. between the ...

advance payment bond

Banking; Investment banking

Guarantee furnished by a bank that in the event of non-performance of an agreement it will reimburse the customer for amounts paid.

valid for one day

Banking; Investment banking

Only valid on the trading day specified in the order. If a stock exchange order labelled «valid for one day» cannot be executed as specified, it lapses automatically. Opposite: good-till-cancelled ...

currency swap

Banking; Investment banking

Also referred to as a swap. An arrangement in which a currency is sold at the spot rate and then immediately repurchased forward or the other way round. Currency swaps are used to hedge currency ...

fund

Banking; Investment banking

Short for investment fund.

real estate fund

Banking; Investment banking

Investment fund whose assets are placed in buildings and/or vacant land, the overriding principle being to spread risks geographically and to invest in a number of diverse properties.

full legal tender coin

Banking; Investment banking

(1) Original meaning: coins which by law must be accepted as legal tender without restrictions. See also divisional coin. (2) In Switzerland, gold coins that have been in circulation since 1850 but ...