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

Deposit base

Banking; Investment banking

Average volume of customer deposits available to the bank for investment at any given time regardless of withdrawal options available to customers.

Proxy voting by custodians on behalf of customers whose shares they keep

Banking; Investment banking

Proxy voting right exercised at annual general meetings by the custodian bank on the basis of a power of attorney. See also proxy.

Fixed-income fund

Banking; Investment banking

Investment fund that invests in fixed-income securities. See also bond fund.

High-yield bond

Banking; Investment banking

Bond which is rated BB+ or below by the leading rating agencies, or is of comparable quality. Because of their inferior credit quality, high-yield bonds offer a higher return than papers with a ...

Credit derivative

Banking; Investment banking

Bilateral financial transaction allowing credit risk to be isolated from other risks and from the instrument it is associated with and transferred from one counterparty to the other.

Banknote trading

Banking; Investment banking

Also: banknote dealing, change. The exchange of cash in one's own currency into a foreign currency. Where cheques, bills of exchange or bank deposits are converted into a foreign country, the term ...