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In the variable rate tender procedure – as introduced in the Eurosystem since 2000 – the fact that the bids submitted by banks in aggregate fall short of the allotment amount provided by the ECB. As a result, banks run the risk of having insufficient liquidity at the end of the reserve maintenance period. In… read more »

Term used to describe a company, and especially a bank, where solvency is ensured now and in the future. However, there is a lack of cash to take advantage of market opportunities or to make worthwhile investments. – See cash ratio, cash management, financial planning, insolvency, liquidity, optimal, liquidity risk, excess liquidity. Attention: The financial… read more »

Prohibition imposed by the supervisory authority and usually also publicly announced – of the activities of persons or companies on the financial market as a whole or in individual sectors or – of mergers and acquisitions that do not comply with the statutory provisions. – In Germany, a prohibition as defined in Section 37 of… read more »

In Switzerland, this is the usual designation for the securities identification number. 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/

Goods and services which – to the individual and – thus always also to society – cause harm now, i.e. immediately – or later, after some time. – However, it is completely wrong to include money among the bads, as is often done. For money is a certificate of entitlement to goods of every kind;… read more »

An establishment – as an entity in which factors of production are constantly combined for the purpose of producing marketable goods and/or services (marketable goods) in accordance with economic rationality – in the market economy system; a company that operates under the ownership or control of a single organization. In other words: a company in… read more »

a document to be filled in and kept with an institution when opening a business. It contains the specimen signature of the customer and any potential authorized document signers and, if applicable, their power of disposal (the card or electronic representation on file at a financial institution that contains the signature of the customer and… read more »

In old documents, this refers to the difference between the loan to the debtor – in good, stable money – and the repayment in money that has since lost its purchasing power. Corresponding documents from earlier times, which have come down to us in abundance, are invaluable for economic history and especially for monetary history…. read more »

An institution that basically offers all financial services. – In the discussion about the causes of the subprime crisis in 2007 and the financial crisis that followed it, some experts recommended that universal banks should be prohibited by law and, in general, that the separation banking system should be introduced worldwide. This should prevent customers’… read more »

In the financial market as defined in Section 1, Paragraph, 1 of the German Banking Act (KWG), “companies that are not financial holding companies, mixed financial holding companies or institutions and that have at least one deposit-taking institution, one e-money institution, one securities trading company or one capital management company as a subsidiary. A mixed… read more »