ENG
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Company report
on
2023/07/21 by
alex1, []
Under the German Prospectus Act, anyone wishing to list securities on the regulated market segment of the German stock exchange must submit a disclosure of all the company’s important circumstances in a form and content specified and controlled by the supervisory authorities. – See listing prospectus, ad hoc notification, offering prospectus, enforcement, financial report, prospectus […]
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Upside risk (also used in German, more rarely upside risk and risk from improvement in the situation)
on
2023/07/21 by
alex1, []
In general, the possibility that the actual return from an investment may exceed expectations upside (the possibility that the value of an engagement may increase beyond forecast level). Any engagement in the financial market involves the possibility of downside risk and upside risk. – For a borrower, the risk that the market interest rate will […]
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Currency clause
on
2023/07/21 by
alex1, []
A provision in contracts that specifies the relationship between a company’s own currency and one or more foreign currencies. This is intended to exclude the risk, which experience has shown to be not insignificant, of the depreciation of one of the currencies involved; value date = here: foreign means of payment. – See bond, currency-selectable, […]
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Corporate bonds
on
2023/07/21 by
alex1, []
Fixed-interest securities issued by large companies with the capacity to issue them. Their price usually closely follows the share price of the respective issuer. The term ranges from three to thirty years. In Germany, corporate bonds accounted for a total of only six percent of gross domestic product in 2005, compared with around twenty percent […]
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Underbidding
on
2023/07/21 by
alex1, []
In the variable rate tender procedure – as introduced in the Eurosystem since 2000 – the fact that the bids submitted by banks in aggregate fall short of the allotment amount provided by the ECB. As a result, banks run the risk of having insufficient liquidity at the end of the reserve maintenance period. In […]
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Inequality trap
on
2023/07/21 by
alex1, []
The fact that within a society – and especially in developing countries – people in the lowest income bracket often rise to the average income level only after several, usually five, generations. This is explained in detail in sociology for various reasons. – However, it cannot be the task of monetary policy to create improvements […]
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Venture capital company, UBG (holding company)
on
2023/07/21 by
alex1, []
A company exclusively dedicated to the acquisition, holding, management and sale of venture capital investments, in the form of shares, shares in a limited liability company, limited partnership shares, participation as a general partner or as a silent partner. Via and through the holding company, access to the financial markets is to be opened indirectly […]
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Uptick and plus tick (so also in German; more rarely uptick and uptick)
on
2023/07/21 by
alex1, []
In stock exchange parlance, a buy or sell transacted at a more favorable price than an immediately preceding transaction in the same security (an exchange transaction in which a buy or sell of a security occurs at a price higher than the previous trade). Attention: The financial encyclopedia is protected by copyright and may only […]
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Foreign currency securities
on
2023/07/21 by
alex1, []
Securities denominated in foreign currency. The price of these securities fluctuates because and to the extent that the price of the foreign currency, measured against the domestic currency, depends on supply and demand on the foreign exchange market. – See swap rate. Attention: The financial encyclopedia is protected by copyright and may only be used […]
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Unisex tariff (gender neutral tariff)
on
2023/07/21 by
alex1, []
The requirement to treat men and women equally in insurance. – See Bisextarif. – Cf. Annual Report 2003 of BaFin, p. 126 f., p. 175 f. (issues of equal treatment also in occupational pensions), BaFin Annual Report 2004, p. 90, BaFin Annual Report 2012, p. 113 f. (ECJ case law; since December 2012, gender-based calculation […]