English

Memoranda of understanding between supervisory authorities that enable cross-border cooperation in the context of administrative assistance. Supervisors agree to comply with requests for notification in investigations of insider trading, market manipulation, or other violations under their national laws. – See Multilateral Memorandum of Understanding, Nominee, Twinning, Circumstances, Significant for Assessment. – See BaFin Annual Report… read more »

Agreements under private law with (initial) purchasers of shares or other marketable papers on the date up to which they may not be sold on the stock exchange, especially in the case of large blocks of shares. – The purpose of such a lock-up period is primarily to ensure that confidence in the company is… read more »

In general, all tradeable commercial papers which are backed by assets of the issuer. – In particular, debt instruments backed by payments from a portfolio in which a large number of individual receivables are pooled. At the end of 2007, before the subprime crisis turned into a financial crisis, investors (banks, funds, insurance companies and,… read more »

the nominal form of a verb made into a noun] (performance, yield): Often said in older financial literature for yield, to be worthwhile, to bring in something, to earn interest, to yield profit, to yield a return. The word was, however, already contemporarily criticized as an unattractive expression. Attention: The financial encyclopedia is protected by… read more »

According to Article 1 No. 26 of Directive 2000/12/EC of the Parliament and of the Council of the European Community of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions, a “close link” is a situation in which two or more natural or legal persons are linked by:… read more »

Body set up by the EU Commission in November 2003 with the task of advising the Commission on issues relating to the internal energy market. – Cf. 2008 Annual Report of BaFin, p. 47 (joint recommendations of CESR and ERGEG on market transparency and publication obligations). Attention: The financial encyclopedia is protected by copyright and… read more »

Compilation of information mainly about the nature, subject matter and possible risks of securities. – See securities prospectus. 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/

In ECB terminology, a contractual and technical arrangement whereby securities can be appropriately transferred between two securities settlement systems that are not directly linked via a third system acting as an intermediary. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard… read more »

An account set up for a specific purpose and funded by regular deposits (savings account offered by a financial institution to investors looking to save for particular purpose). This also includes – which the name does not initially suggest – an account set up by an individual for this purpose, e.g. to cover expenses during… read more »

An event in which people are injured or even killed and/or property is damaged as a result of driving on public roads. – From the point of view of national accounts, traffic accidents increase the national product and thus prosperity. This is because statistically, services in connection with an accident, such as the deployment of… read more »