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In Germany, the German Retirement Assets Act (AVmG) also allows capital management companies to offer the conclusion of pension contracts. For this purpose, Section 1, Paragraph 6 of the KAGG was amended and some…

The possibility for a supervisory authority to order an audit of a bank’s accounts by civil servant auditors, who are also assigned to the supervisory authority if possible, in cases of suspicion. This is…

Investment in a company that is still at the stage of its (organizational, technical) development and therefore does not yet generate revenue from sales (sale of the good on the market). – See Seed…

With regard to the European Monetary Union, the view, often put forward but unproven because it cannot be demonstrated, that a common currency would set in motion automatic forces for economic convergence among the…

In earlier times, a sum paid to enlisted soldiers (recruits) to defray the expenses of traveling from their home to the place of enlistment; sometimes called marching money and conduct money. – See detraction,…

Guidelines that are established when building up assets according to the requirements of security, risk diversification, value preservation, profit generation, return and any other objectives, such as sustainability (the guiding principle that governs how…

A provider combines, bundles various assets and combines them into a single offering for the customer. This can be securities, insurance or other financial products. – The EU Commission in 2012 presented a draft…

Investors noticeably withdraw money from a weak currency and park it in a strong currency. – Before entry into the European Monetary Union, periods of USD weakness were regularly associated with shifts in favor…

Generally, the borrowing of outside money by an economic entity; a loan, a credit. – A debt security (bond) – in certificated form as an issue of securities, – by means of which a…

Unless expressly defined otherwise, a debt security with a maturity of between twelve months and five years (bonds with a maturity of between one and five years). Attention: The financial encyclopedia is protected by…