Ubs dictionary of Banking
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Fr FRA Abbreviation for forward rate agreement. fraction / Fraktion / fraction / spezzatura (1) Also: odd lot. In share trading, a number of share units which is smaller than the number of units usually traded, as distinguished from the round lot, which is a multiple of the trading unit. (2) In bond and rights trading: fractional item. fractional rights / Spitze / rompus / spezzatura Term used in the securities business for subscription rights which are not sufficient to subscribe to a whole new share. The shareholder can either purchase additional rights on the market to buy whole new shares or can sell their fractional rights at the prevailing market price. franchising / Franchising / franchisage / franchising System under which a licence is granted to manufacture or market a product or service for which the equipment or supplies are manufactured and furnished by the franchisor. The franchisee makes an initial payment and/or pays a royalty on the product or service to the franchisor. Franchises are often granted for a particular territory and for a particular period. The franchisor usually performs certain managerial functions and assumes specific investment and operating costs, while the franchisee operates for his own account. FRB Abbreviation for floating rate bond. Freddie Mac Short name for the Federal Loan Mortgage Corporation, a mortgage institution whose main business is in the securitization of existing loans for the purchase of real estate. See also Fannie Mae. free alongside ship / Free Alongside Ship / free alongside ship / free alongside ship Abbreviation: FAS. A contract clause commonly used in foreign trade which stipulates that the price of the goods includes transport and insurance costs until the goods are delivered to the quay at the port of lading. free cash flow / Free Cash-Flow / free cash-flow / free Cash-Flow Total liquid funds not required to finance operations or for capital expenditure on replacement. These free funds are available for distribution to shareholders, for new investment or for the repayment of debt capital. free float / Free Float / flottant / flottante The part of a company's shares which is not held as a long-term investment by the founder, management, etc. and can therefore be traded on a stock exchange at any time, making it available to the investing public. freight collect / Freight Collect / port dû / porto assegnato Term used in commercial contracts stating that the purchaser must pay the freight charges for a consignment of goods on delivery. See also freight prepaid. freight prepaid / Freigth Prepaid; franko / franco; port payé; franc de port / franco; porto affrancato Term used in commercial contracts indicating that the seller has paid the costs of freight beyond a named point to a second named point. Title to the shipment passes to the buyer at the first named point. See also freight collect. friendly takeover / freundliche Übernahme / rachat amical / scalata amichevole Takeover welcomed and supported by the management of the company which is the subject of the takeover. Opposite: hostile takeover. FRN Abbreviation for floating rate note.  Top
Ft FTSE-100 / FTSE-100 / indice FTSE 100 / FTSE 100 UK share price index compiled by FTSE, a company owned by the Financial Times and the London Stock Exchange. This index comprises the 100 most highly capitalised blue chip companies, representing approximately 80% of the UK market. Top
Fu full convertibilty / Vollkonvertibilität / convertibilité totale / piena convertibilità Full convertibility means a currency can be exchanged into other currencies with virtually no restrictions. See also partial convertibility, convertibility. full legal tender coin / Kurantmünze / pièce courante / moneta corrente (1) Original meaning: coins which by law must be accepted as legal tender without restrictions. See also divisional coin. (2) In Switzerland, gold coins that have been in circulation since 1850 but have not been minted for a long time, e.g. the «Goldvreneli». full set / Full Set / jeu complet / full set Term commonly used in documentary credit transactions denoting the complete set of bills of lading (i.e. the full set of original documents). full-service bank / Universalbank / banque universelle / banca universale A bank operating in all banking sectors and for all types of clients. Banks combining investment banking, commercial banking, and other activities are now also possible in America, via a holding company structure. fully diluted earnings Earnings per share of a company calculated by dividing the net profit by the number of outstanding shares and those shares which could potentially come into existence through the exercise of rights attached to convertible bonds or other securities conferring entitlement to purchase the company's shares. fund / Fonds / fonds / fondo Short for investment fund. fund management company / Fondsleitung / direction du fonds / direzione del fondo Independent company which manages investment funds for the account of investors and in its own name. The fund management company decides which investments to acquire and sell, in the same way as it decides on distributions and the issuing of units. fund of funds / Fund-of-Funds; Dachfonds / fonds de fonds / fondo di fondi An investment fund which invests in a number of other funds with a variety of investment strategies. See also umbrella fund. fund regulations / Fondsreglement / règlement du fonds / regolamento del fondo A document forming the basis for the business activities of an investment fund and governing the rights and responsibilities of the contracting parties (fund management company, custodian, investors). fund unit / Fondsanteil / part de fonds / quota di fondo Unit of ownership in an investment fund. Embodies the investor's right, enforceable against the management company, to a share in the assets and income of the investment fund. fundamental analysis Synonym for basic analysis. fundamentals Key figures which relate directly to a company and are not dependent on the market. They include sales or revenues, cash flow and profits. Basic analysis uses such data to determine the theoretical value of a share, which may indicate that the share is undervalued, overvalued or fairly valued on the market. The term is also used to denote the important economic numbers (growth, inflation, current account balance, government finances) which can influence the financial markets. funded system / Kapitaldeckungsverfahren / financement par un capital de couverture / sistema della capitalizzazione Also: funded pension scheme, funded pension system. Method of financing employed by insurance companies and pension funds. The contributions of the insured parties are accumulated to form the capital required for the payment of insurance benefits. Opposite: pay-as-you-go system. fungible / fungibel / fongible / fungibile Freely exchangeable. fungible items / fungible Sachen / biens fongibles / beni fungibili In general, any good, product or instrument in which every unit is so similar to or identical with every other unit that they can be exchanged for one another without legal consequences, e.g. bearer shares, commodities, etc. future Synonym for futures contract. futures contract / Futures-Kontrakt; Terminkontrakt / contrat à terme de gré à gré / contratto a termine Also: future. Standardized contract traded on an exchange by which the seller undertakes to sell or buy a specified quantity of a commodity of a defined quality (commodity future) or a specified amount of a financial instrument (financial future) on a specified due date and for a specified price. futures exchange / Terminbörse / Bourse à terme / borsa a termine Exchange on which certain futures market products are offered. Eurex is an example of a futures exchange. futures market / Terminmarkt / marché à terme / mercato a termine Commodity exchange on which futures contracts are traded. Opposite: spot market. futures trading / Terminhandel / négoce à terme / commercio a termine See forward transaction. futures transaction / Termingeschäft / opération à terme / operazione a termine The buying and selling of commodities, foreign exchange or securities under contracts providing for the delivery of specific amounts, at a particular price and at some specified future date. Opposite: spot transactions. Top
Fx FX Abbreviation for foreign exchange.
G7 Abbreviation for Group of 7, a group comprising the major industrialized nations in economic terms, which in view of the global economic importance of the member states have made it their objective to coordinate their respective economic policies. Ga gain / anziehen / hausser / aumento Increase in the price or rate of securities, foreign exchange, bank notes, etc. gamma / Gamma / gamma / gamma Statistical measure of the absolute change in the delta of an option when the price of the underlying moves. gap / Gap / écart / divario Sharp price leap between two exchange trading sessions. gateway Electronic gateway, e.g. at the Swiss Exchange, linking trader systems with the exchange system. Guarantees equal treatment of exchange members. Top
Gd GDP / BIP / PIB / PIL Abbr. for gross domestic product. Top
Ge gearing / Hebelfaktor / gearing / fattore leva UK synonym for leverage. Indicates how much more an options investment can earn than an equity investment with the same initial capital outlay. The higher the gearing, the more volatile the option. general business conditions / Allgemeine Geschäftsbedingungen (AGB) / conditions générales / condizioni generali The principles and guidelines that govern business relations. They are an integral part of contracts concluded between a company (e.g. a bank) and any of numerous business partners. general crossed cheque / allgemein gekreuzter Check / chèque à barrement général / assegno bancario con sbarramento generale See crossed cheque. Generally Accepted Accounting Principles / Generally Accepted Accounting Principles / Generally Accepted Accounting Principles / Generally Accepted Accounting Principles Abbreviation: GAAP. Mandatory US standards for the presentation of accounts. See also Swiss Accounting and Reporting Recommendations, International Financial Reporting Standards. gentlemen's agreement / Gentlemen's Agreement / Gentlemen's Agreement / Gentlemen's Agreement A voluntary agreement between parties secured only by the honour of the participants. In Switzerland, this expression is often applied to the agreements between the commercial banks and the Swiss National Bank. German stock index Abbr. DAX. Stock index, which measures the performance of the 30 largest German companies in terms of order book turnover and market capitalization. Top
Gi gilt-edged bonds Highly rated bonds whose issuers have long-standing reputations for paying interest on time. GIPS Abbreviation of Global Investment Performance Standards. giro transfer / Giro / transfert / bancogiro (1) The cashless transfer of payments. (2) Transfer by endorsement of an order instrument (e.g. bill of exchange). Top
Gl Glass-Steagall Act / Glass-Steagall Act / Glass-Steagall Act / Glass-Steagall Act US banking law introduced in 1931 in response to the stock market crash of 1929 which prohibits commercial banks from engaging in investment banking and prevents deposit banks from dealing in securities. global custody / Global custody / global custody / global custody Comprehensive service for the management of large, globally diversified securities portfolios. The aim is to provide institutional investors with an efficient, transparent form of securities administration. Global Investment Performance Standards / Global Investment Performance Standards / Global Investment Performance Standards / Global Investment Performance Standards Abbreviation: GIPS. Recommendations issued by the Association for Investment Management and Research (AIMR) aimed at ensuring globally uniform and modern performance reporting. The objectives are to ensure full disclosure and fair presentation of the performance of asset managers, and also to enable performance comparisons. See also Swiss Performance Presentation Standards. Top
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