Central bank

Central bank

Also: national bank. Only institution which has the right to issue banknotes, constitutes the monetary and credit policy authority of a currency zone. In Switzerland, this function is performed by the Swiss National Bank.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
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Related terms

central bank

Banking; Investment banking

Also: national bank. Only institution which has the right to issue banknotes, constitutes the monetary and credit policy authority of a currency zone. In Switzerland, this ...

central bank

Economy; Economics

A guardian of the monetary system. A central bank sets short-term interest rates and oversees the health of the financial system, including by acting as lender of last resort to ...

central bank

Economy; Economics

Autonomous or semi-autonomous organization entrusted by a government to, administer certain key monetary functions.

central bank

Economy; Economics

An institution designed to oversee the banking system and regulate the quantity of money in the economy.

central bank

Earth science; Mapping science

A bank's bank and a public authority that regulates a nation's depository institutions and controls the quantity of money.

central bank

Financial services; General Finance

A country's main bank whose responsibilities include the issue of currency, the administration of monetary policy, open market operations, and engaging in transactions designed to ...

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

standing order

Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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