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

Bond issue in default

Banking; Investment banking

A bond issue whose interest or planned repayments of principal are not made as scheduled under the terms of the issue.

Rating agency

Banking; Investment banking

A company that specialises in assigning ratings, e.g. Standard & Poor's, Moody's.

Special fund

Banking; Investment banking

Investment fund exempt from certain legal requirements. Participation is restricted exclusively to investors proven to be peer professional players (e.g. insurance companies, pension funds).

Not easily marketable

Banking; Investment banking

Also: illiquid. Refers to securities of such low investment quality that they cannot be readily sold to investors.

Interest operations

Banking; Investment banking

(1) All bank transactions based on an interest margin. The margin derives from the fact that the bank pays a lower rate of interest on the funds received from clients than it earns on the loans it ...

Bonds

Banking; Investment banking

In terms of asset class: instruments with main exposure in the fixed income markets, i.e. interest rate and issuer risks. Includes convertible bonds and structured products with guaranteed principal ...

Exchange

Banking; Investment banking

Financial market that operates regularly and is organised in accordance with fixed customs and practices, e.g. security, forex, option and commodity exchanges. The key exchanges include the New York ...