Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.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 »
In earlier times, this was a tax imposed on the propertyless inhabitants of a village (citizens without full political rights; Insten, Einsassen, Inleute), who usually worked as day laborers (Tagner, Tauner, Losmann, Lidl, Diurnist, Diëtarius and Diëist: this always refers to unskilled workers; although craftsmen also sometimes worked for a day wage, they were not… read more »
In the case of a life insurance policy, the automatic lapse under the terms of the policy if the policy owner falls behind with the premium (the termination of an insurance policy because of the owner of the policy failing to pay the premium within the grace period [commonly within 30 days after the last… read more »
Primarily used in connection with real estate. It is understood to mean the price which – at the time to which the determination relates – could be obtained in the course of business on the basis of the legal circumstances and actual characteristics, – the other properties and – the location of the property or… read more »
Supply and demand for securitization instruments of all kinds. In principle, anything that promises a continuing stream of payments can be securitized, from credit card receivables to student loans to revenues in a soccer stadium or concert hall. – The catch with any securitization is the moral hazard problem. This is because the incentive for… read more »