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

Unsecured credit

Banking; Investment banking

Loan granted on the strength of the borrower's credit history or reputation. Opposite: secured credit.

Safekeeping account bookkeeping

Banking; Investment banking

Keeping a record of all securities deposited with a bank by safekeeping account number and within the safekeeping accounts by securities number.

Hedge

Banking; Investment banking

Also: hedging transaction. Countertrade or covering transaction designed to offset an existing or potential risk position by eliminating or diminishing the element of risk, in particular price, ...

Correspondent bank

Banking; Investment banking

Credit institution acting as agent for a bank in a financial centre where the latter does not have its own branch.

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 function is performed by ...

No-par stock

Banking; Investment banking

Also: non-par value share. Share issued by a corporation with no par value shown on the face of the share. Used most frequently in the United States.

Social accounting

Banking; Investment banking

Also: social report. The reporting of the cost incurred in complying with anti-pollution, safety and health and other socially beneficial requirements, and, more generally, the impact of a business ...