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

Collateralized debt obligation

Banking; Investment banking

Abbr.: CDO. Bond that is secured by a diversified debt portfolio. A collateralized debt obligation is generally divided into different tranches with different credit ratings.

Paying-in slip

Banking; Investment banking

Form which can be used at either a bank or a post office to make a deposit or transfer money in favour of a recipient. See also bank payment slip with reference number.

Joint account

Banking; Investment banking

Account opened jointly in the names of two or more persons whereby it is agreed that each can dispose of the assets in the account individually and without having to obtain the consent of the ...

Capital gain/loss

Banking; Investment banking

Positive/negative difference between the price at which an investment is purchased and the price at which it is sold. Profit or loss on the realisation of a long-term investment.

Mid-month

Banking; Investment banking

15th day of the month. Date on which forward transactions are settled (squared) on the exchanges, especially in Belgium and the United Kingdom.

Parity price

Banking; Investment banking

The base price at which US stocks are traded on the Swiss Exchange. Equals the share price on the NYSE translated at the current exchange rate.

Surrender value

Banking; Investment banking

The amount an insurance company will repay to a policyholder who wishes to terminate his policy early. Usually, the life insurance policy premiums must have been paid for at least three years. The ...