English

Planned clearing currency (initially planned as a basket currency similar to the ECU) of Asian countries as a precursor to a later single currency in Asia, at least within the Asian Free Trade Area.…

Stamp, seal of authenticity (hallmark) on bars of precious metals in general and gold bars in particular (a stamped impression on the surface of a precious metals bar that indicates the producer, serial number,…

Paper money put into circulation in France in 1789, the year of the Revolution; it was supposed to be covered by the sale of the church’s expropriated properties or to certify claims to them.…

In older financial language, a person – who appraises the value of assets, an appraiser, or – an expert who calculates the cost of a project (one who is competent of predicting the probable…

In Germany, the supervisory authority is exempt from liability. An individual market participant can neither – demand that the Federal Financial Supervisory Authority take appropriate measures (such as market timing), nor – claim damages…

A letter sent by a financial services provider to potential customers announcing a telephone call (a personal call by an employee). The supervisory authority considers this procedure to be prohibited cold calling. – Cf.…

In the German retail trade, widespread until about 1950, not yet completely extinct and, according to economic history, a very old habit of mainly poorer private households to pay later for purchased goods. The…

Generally, a claim to a fraction of an asset. – In national accounts, a liability item, namely securities issued by domestic enterprises and held by foreigners. – See share, security. – Cf. Monthly Report…

Technical term from supervisory law. In this case, an institution requests the supervisory authority to review its business operations as a whole or individual processes to determine whether all activities comply with the legal…

Money appropriated (by a public treasury; by a bank) may only be used for the purpose for which the payment was made. Use for other purposes is not permitted. – See earmarking. Attention: The…