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

Leverage

Banking; Investment banking

Means of enhancing profitability using borrowed money by exploiting the fact that the rate of interest on equity capital is higher than the interest payable on borrowed funds. A leverage effect can ...

Correlation

Banking; Investment banking

Statistical measure of the linear relationship between two series of figures (e.g. performance of a security and the overall market). A positive correlation means that as one variable increases, the ...

Note

Banking; Investment banking

(1) In the Swiss context only: a fixed or variable-rate security legally classed as a bond or debenture issued as a private placement. The maturity is usually between five and seven years. Notes are ...

Tax at source

Banking; Investment banking

Tax collected at source by withholding the amount of the tax from payments due to the taxpayer. See withholding tax.

Sovereign

Banking; Investment banking

English gold coin, made from 22 carat gold and first minted in London in 1816 under Queen Victoria. Due to Britain's numerous colonies, the sovereign became widely accepted and used worldwide and was ...

Pay-as-you-go system

Banking; Investment banking

Financing method used by pension funds under which employees' contributions during a particular period cover the benefits paid out to the retirement beneficiaries during that period. The Swiss state ...