on 2023/07/21 by alex1, []

Important abbreviations (shortened forms of a word or a phrase) from the world of finance, including the (official) abbreviations of relevant laws and regulations, can be found in alphabetical order in the appendix of the respective annual report of the (German) Federal Financial Supervisory Authority. Attention: The financial encyclopedia is protected by copyright and may […]

on 2023/07/21 by alex1, []

When securities are sold on the customer’s account, the profit margin of the bank or dealer (broker) included in the price. – The difference between today’s rate of certain foreign currencies and the three-month’s rate of that currency on the futures market (unless otherwise stated). – Deduction of interest (discounting) on the purchase of receivables […]

on 2023/07/21 by alex1, []

A general slowdown in economic activity in an area, as indicated by economic indicators such as stock market prices, production, employment or foreign trade. – A standstill or even decline in gross domestic product during two quarters. – See deficit spending, crisis, landing, soft, recession, sentiment barometer, cyclicality. Attention: The financial encyclopedia is protected by […]

on 2023/07/21 by alex1, []

In the financial market, for the transfer of a natural or legal person’s domicile from one territory to another, usually for regulatory or tax reasons (the removal of one’s legal residence or citizenship from one country to another for the most part to avoid high taxation or regulatory overkill). – See Customer Data Information Requirement, […]

on 2023/07/21 by alex1, []

Procedures through which financial institutions submit and exchange data and documents on payments or transfers of securities (arrangements used to facilitate the settlement of transfers of funds, assets or financial instruments). In most cases, the procedures also include rules for calculating participants‘ bilateral and multilateral net positions. Such netting simplifies the settlement of transactions by […]

on 2023/07/21 by alex1, []

In connection with Basel II, a body whose main task is to harmonize banks‘ accounting for regulatory purposes. It also develops guidelines on auditing and thus also on the quality of banks‘ auditing departments. – See Andersen scandal, IAS, IFRS, balance sheet scandal, Public Company Accounting Oversight Board, factual design, Sarbanes-Oxley Act, loss camouflage. Attention: […]

on 2023/07/21 by alex1, []

The naming of false information – usually not limited to the address in the narrower sense, but also with regard to other facts – in business transactions and also vis-à-vis a bank. – Opening and maintaining an account at a bank under a false identity. – Estimates suggested that at the beginning of 2011, five […]

on 2023/07/21 by alex1, []

The management of a company does not act primarily, and in extreme cases not at all, – in the interest of the owners, i.e. the shareholders or partners, or – with consideration for the interests of the employees, or – for the benefit of the customers and thus ultimately also the longer-term success of the […]

on 2023/07/21 by alex1, []

At an institution, a colleague against whom every criticism and every recommendation made in bank staff training bounces off without any success. – See Aktenschänder, Alleskönner, Autonom agierende Einheit, Behavioural Branding, Chief Copying Officer, Kollege Harzenmoser, Käserei, Kontakt-Allergiker, Krokodil, Loch, schwarzes, Mailbomber, Selbstverwirklicher, Sitzheizung, Tenu-Schlamper, Totholz, Triple A, Umsatzbremse, Unfallflüchtling. Attention: The financial encyclopedia is […]

on 2023/07/21 by alex1, []

Generally, a share that is resistant to economic crises and hardly loses price on the stock market even in bad times (a share that performs well when the general market moves lower resp. a share which resists well to an economic downturn or a financial shock, as beverage, food, and utility shares). Attention: The financial […]