ENG
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Distance to default
on
2023/07/21 by
alex1, []
Measure used to assess stability in the financial market. The measure is more precisely the number of standard deviations of the asset value from the default threshold (defined as the point at which the value of a bank’s assets exactly equals the value of its liabilities, i.e. its equity is zero). The measure is determined […]
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Resolvability (resolution regime)
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2023/07/21 by
alex1, []
Term incorporated into regulatory language after 2010. It refers to the precautions taken in the event that a systemic bank becomes distressed. In principle, resolution should take place in such a way that – threats to financial stability are averted, – retail investors are protected, and – any losses are not borne by the state. […]
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Deduction (disengagement)
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2023/07/21 by
alex1, []
In financial terminology, generally the substantiated lowering of a sum expressed in monetary terms. – The withdrawal from a transaction, the withdrawal from a commitment or even from a country. – In particular, also the termination of deposits with an individual bank or the institutions as a whole (run). – See discount, markdown, deduction, discount, […]
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Actual/Actual; also ACT method, bond basis and ISMA Rule 251 [ISMA = International Securities Market Association]; often abbreviated to act./act
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2023/07/21 by
alex1, []
) Interest day count in which the actual number of calendar days and the year is calculated as 365 days. – Actual/360 is based on the year with 360 days. – See Accrual principle, Effective interest rate, Eurointerest method, Interest day count. Attention: The financial encyclopedia is protected by copyright and may only be used […]
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Advisor and, as in English, adviser, more rarely fund advisor (adviser, advisor, consultant)
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2023/07/21 by
alex1, []
Unless otherwise defined, an expert who provides expert advice on a fee basis to the decision-makers of a capital management company, i.e. the fund management, – on investments in specific markets, regions or financial products, and – on domestic and foreign tax matters (tax adviser) and legal matters (legal adviser). – See investment committee, asset-liability […]
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Agio securities (premium securities)
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2023/07/21 by
alex1, []
Bonds that are redeemable at a premium on draw or call. Certain corporate bonds in particular are redeemable at such a premium. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: […]
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Briefcase indicator
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2023/07/21 by
alex1, []
Financial journalists draw conclusions about the decisions of the Federal Reserve Board on the key interest rate based on the size of the briefcase of the Federal Reserve Board’s president, who steps out of his car for meetings of the Board. According to the report, a thin briefcase belonging to Alan Greenspan, who served as […]
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Stock register (stock book)
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2023/07/21 by
alex1, []
A list kept by a stock corporation in which, in accordance with the provisions of Section 67 of the German Stock Corporation Act (AktG), the issued registered shares and interim certificates are to be entered, stating the holder’s name, place of residence and profession. Pursuant to § 68 AktG, a transfer of registered shares and […]
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Stock spread (continental share [US
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2023/07/21 by
alex1, []
stock] spread): Unless otherwise defined, the deviation in the price development of shares on the stock exchanges in Europe and the U.S.A.; more rarely also related to Japan or Asia as a whole. – Cf. in detail the ECB’s Monthly Bulletin of March 2006, pp. 41 ff. Attention: The financial encyclopedia is protected by copyright […]
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Takedown
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2023/07/21 by
alex1, []
The transfer, the transfer of money from a bank to a borrower under a loan agreement, loan commitment, or line of credit. – See call term, call risk, downside risk, account, auto-balanced, forward risk, transfer, final. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! […]