English

stocks): The value of shares issued by issuers domiciled in Germany is recorded statistically by Deutsche Bundebank and published in the respective monthly report in the statistical section under the heading “Capital market” with…

Cash shortfall, deficit. – Shortfall in revenue: the inflow of money below the forecast (the EX-ANTE financial plan); said in this sense especially in public budgets in relation to the budget. – Shortage in…

The acquisition and sale of securities, money market instruments or derivatives in the name of a third party for the account of a third party. – In Germany, such service providers are subject to…

Committee of representatives of the EU member states; chaired by the European Commission. Its task is to advise the Commission on matters relating to international accounting regulations. – Cf. ECB Monthly Bulletin, February 2004,…

fortgeschrittener Messansatz): A tool used by institutions to measure operational risk. This is ultimately based on the bank’s own estimates of capital backing and must be approved by the supervisory authority. – See counterparty…

In older financial jargon, for a courtesy loan in which – a person known to be solvent vouches that – a loan will be granted to a debtor – by a third person –…

Financial journalists draw conclusions about the decisions of the Federal Reserve Board on the key interest rate based on the size of the briefcase of the Federal Reserve Board’s president, who steps out of…

A security representing a share in an AG or KGaA, but excluding the holder from voting rights at the Annual General Meeting. In return, the shareholder usually receives a higher dividend. – See share,…

stocks]): The process of a company buying back its own shares. This makes sense for the company if more equity is available than is needed for investments. The share buyback usually increases the value…

A uniform tax rate on – all types of capital gains (especially interest and dividends) and – gains from the sale of financial products. – Experience shows that (which is generally neglected in financial…