on 2023/07/21 by alex1, []

A portfolio or pool contains securities to which third parties have rights (the risk that clear titles become comingled [= mixed] with assets owned legally by a third party). – This became apparent in many cases in the course of the financial crisis that followed the subprime crisis. When special-purpose entities and funds in financial […]

on 2023/07/21 by alex1, []

In rating, the – previously planned, i.e. expected or – the actual default rates of the loans; if not expressed otherwise, calculated as the amount of the loss as a percentage of the exposures at the time of the counterparty default. Discrepancies between planned and incurred loss indicate poor calibration. – See default, default loss, […]

on 2023/07/21 by alex1, []

Generally, a one-time payment imposed on owners of wealth (property owners). – In particular, the collection from rich citizens of a failing euro area member state before taxpayers of other members are asked to pay. It should not be the „little man“ (regular guy) in other eurozone countries who has to pay for the mismanagement […]

on 2023/07/21 by alex1, []

Generally, a prior contractual agreement on the proportions in which losses arising from the default are to be shared among the various parties. – In particular, the agreement on how, in the event of the insolvency of a major debtor, the banks affected with non-performing loans are to cooperate and according to which formula the […]

on 2023/07/21 by alex1, []

The payment for the land surveyor (land surveyor; also called decempedator, field surveyor, geodesist, geometer and hoplometer), who usually carried out a survey together with assistants. The land surveyor was sworn in by the respective lordship; his expenses are shown in old documents to be very high. This can be explained by the fact that […]

on 2023/07/21 by alex1, []

In the language of the supervisory authorities, a natural or legal person who, under unlimited and unconditional liability, provides to a single financial services provider, for each of which it acts, – securities services, together with ancillary services, to clients or potential clients. accepts and forwards instructions or orders from the client in relation to […]

on 2023/07/21 by alex1, []

In the event of a loss of twenty-five percent or more of liable capital, a bank in Germany must notify the supervisory authority without delay; see Sec. 24, Para. 1, № 5 KWG. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. […]

on 2023/07/21 by alex1, []

In the context of the insurance industry, an investment to secure (cover) claims arising from insurance contracts. Corresponding laws and regulations of the supervisory authorities stipulate the respective ratio. – In the context of pensions, the money accumulated and invested in a funded scheme. – See fund, funded scheme, pension fund, pension fund. – See […]

on 2023/07/21 by alex1, []

In Germany, on the basis of the „Law for Liberation from National Socialism and Militarism“ of March 5, 1946, ordered confiscation of assets owned by the entities and private individuals affected by the law. – See blocked account. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without […]

on 2023/07/21 by alex1, []

The term used to describe non-financial assets owned by a company. These include the company’s own goodwill, patents, industrial property rights, concessions – in the case of institutions also the permission of the supervisory authority -, licenses, trademarks, brands, customer relationships, employee knowledge, research status, etc. – Due to the structural change towards an increased […]