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

High water mark

Banking; Investment banking

Principle whereby the manager of a hedge fund does not receive a percentage of the growth in the fund's value until any losses incurred in the previous year have been made up during the current year.

Credit

Banking; Investment banking

Also: loan. Legal operation by which the creditor transfers money to the borrower which he/she must repay at the end of the term, when called or in instalments. Loans must be repaid and normally ...

Monetary policy instruments

Banking; Investment banking

Instruments of credit, monetary and currency policy which the central bank is authorised to use. The classical instruments include discount and Lombard policy, repurchase transactions, open market ...

Forwarder's receipt

Banking; Investment banking

Forwarding agent's written declaration confirming receipt of goods for shipment. Not a security, but often necessary for the execution of a documentary credit. See also documentary credit.

Underweight

Banking; Investment banking

Qualification of securities as part of an analyst's recommendations stating that the investor would be best advised to hold a lower weighting in this security than in others or in relation to a ...

Assignment credit

Banking; Investment banking

Book credit secured against the fiduciary assignment of existing receivables. See also discount credit.

Investment strategy

Banking; Investment banking

Entirety of the guidelines that determine the portfolio structure in terms of investment vehicle, currency, sector and maturity structure required to achieve the defined investment objective .