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

trade confirmation

Banking; Investment banking

Statement prepared by the bank for the client recording the sale or purchase of securities.

resident

Banking; Investment banking

Private person or legal entity treated as resident under fiscal, currency control and other legislation.

floating rate note

Banking; Investment banking

Abbreviation: FRN. Also: floating rate bond. Bond with a variable interest rate based on a reference interest rate, plus or minus a further component as risk premium.

credit facility secured by mortgage

Banking; Investment banking

Current account loan secured by a maximum-sum mortgage or pledge on a mortgage deed.

cumulative preference share (GB); cumulative preferred share (US)

Banking; Investment banking

Preference share on which unpaid dividends accumulate until they can be paid. In the case of limited cumulative preferred shares the number of years in which dividends may accrue is limited.

renewal

Banking; Investment banking

The act or process of transforming or extending a credit agreement, whereby the old debt is cancelled by the establishment of a new one. With current accounts this can be achieved by determining the ...