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

bond fund

Banking; Investment banking

Investment fund that invests at least two-thirds of its assets in bonds. A maximum of 10% may be invested in equities and 25% in convertible bonds. See also equity, bond, convertible bond issue, ...

reference currency

Banking; Investment banking

Also: base currency. (1) Currency in which an investor thinks and calculates. (2) Currency in which the performance of an investment product is measured.

ordinary share (GB); common stock (USA)

Banking; Investment banking

Form of share common in the USA, the UK and Germany, which confers on the holder voting rights, the right to participate at the annual general meeting and the entitlement to distributions of income. ...

irrevocable letter of credit

Banking; Investment banking

Letter of credit that cannot be changed or cancelled without the agreement of all parties, this being the norm in international trading. An irrevocable letter of credit gives the seller the security ...

approximate-limit order

Banking; Investment banking

A stock exchange order where the dealer can exercise a certain degree of discretion with regard to the limits when executing the order.

Basel I

Banking; Investment banking

Set of guidelines issued by the Basel Committee on Banking Supervision in 1988 covering capital adequacy and risk management by banks. See also Basel II, Basel Committee on Banking Supervision.

Basel II

Banking; Investment banking

Revised version of the guidelines drawn up by the Basel Committee on Banking Supervision covering risk management, the powers of the supervisory bodies to monitor risk management and the extended ...