2023 July

A code used by rating agencies to denote the highest credit rating (AAA) (the phrase triple A, or AAA, refers to the top score awarded for a specific paper by various rating agencies. It indicates that this investment is very safe and there is little risk of default). – In the internal jargon of banks,… read more »

Another name for overnight money. – See drawdown money, facility, standing, marginal lending facility. 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: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

Interest rate on a bond that rises automatically with increasing maturity to compensate for the loss in value due to inflation. – See bond, index-linked, bond, inflation-linked, capital protection. 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…. read more »

The purchase of all obtainable shares of a target company at the market’s open by a raider. A dawn raid is a surprise technique that allows the raider to gain an important portion of the target company before the target company recognises what is happening). – See shareholder vote chase, bidder, blitzkrieg takeover bid, Europa… read more »

Experience shows that two main risks arise when a bank is acquired by another financial institution. – How good a bank’s balance sheet really is always becomes apparent after the acquisition. Only when the investor is in control of all the figures can he see what risks are hidden in them. – In the upscale… read more »

A person or entity, appointed to manage the affairs of a company or institution including assets and debts; in older documents and partly until today also called salmann. – In Switzerland, the professional term for tax advisors, auditors, management consultants, and all persons – including architects or engineers – who represent the interests of a… read more »

Fee for the use of a waterway for drifting, namely rafting: the transportation of floating logs or lumber. – Payment to the owner (in older documents often also Possessor; proprietor) of a plot of land for the Niessbrauch (usufruct: the temporary right of use) of the land in order to – lead cattle over it… read more »

In Germany, a body tasked with supporting the German Federal Financial Supervisory Authority in its supervision under the German Securities Acquisition and Takeover Act (WpÜG). Since January 1, 2002, this Act has regulated the framework conditions for corporate takeovers and ensures a transparent and fair procedure. In particular, the Advisory Board advises on the issuance… read more »

The maker of a bill of exchange (a writer of a draft), i.e. the bill creditor. – In older documents also said at all of someone who collects a debt. In old expressions such as: “a punto trassieren” = “to collect to the last heller” this is still often expressed. – See exhibitor. Attention: The… read more »

Especially in older documents, a list of services and respective prices, which in the forwarding business an entrepreneur (namely – carrier: a person or firm in the business of transporting people or goods or messages; – a forwarder: an intermediary between carrier and owner of goods being transported, who arranges for their carriage and provides… read more »