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

call loan

Banking; Investment banking

Loan (usually granted to a broker, dealer or investment banker) which may be recalled by the lender or repaid by the borrower at any time without notice.

securities trader

Banking; Investment banking

Also: dealer. Person or company commercially engaged in buying and selling securities on the exchange. For tax purposes, the issuers of securities are also classified as traders. See also broker.

salary account

Banking; Investment banking

Current account for persons regularly receiving a wage/salary or retirement benefit. Salary accounts carry higher interest rates than regular current accounts.

intervention point

Banking; Investment banking

Limit of the range within which exchange rates are allowed to deviate from parity in a system of fixed exchange rates. If there is a risk that the exchange rate will move beyond the permitted range, ...

long position

Banking; Investment banking

A positive exposure to a quantity. Owning a security or commodity. Investor's position where the number of contracts bought exceeds the number sold. Opposite: short position.

order instrument

Banking; Investment banking

Paper which can be transferred by endorsement (negotiable). Legal order instruments (cheques, drafts, bills of exchange, registered shares) are always order instruments, even if they do not bear the ...

ring

Banking; Investment banking

Circular counter around which ring representatives used to buy and sell contracts by calling out bid and asked quotations. A distinction was drawn between the stock trading ring and the bond trading ...