English

In connection with Basel II, a body whose main task is to harmonize banks’ accounting for regulatory purposes. It also develops guidelines on auditing and thus also on the quality of banks’ auditing departments.…

Generally, a sum to be added to a given amount. – See premium, pagament, allowance, co-payment. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express…

A shareholder who has a large stake in a corporation and takes an active role in its management. Such activities are possible in various ways (or-less-iable negotiations with management, proxy battles, publicity campaigns, or…

Body established as part of the Single Resolution Mechanism. In the event of a bank failure, the resolution authority ensures the orderly restructuring or liquidation of the institution concerned across national borders. As with…

Procedures through which financial institutions submit and exchange data and documents on payments or transfers of securities (arrangements used to facilitate the settlement of transfers of funds, assets or financial instruments). In most cases,…

) Interest day count in which the actual number of calendar days and the year is calculated as 365 days. – Actual/360 is based on the year with 360 days. – See Accrual principle,…

In finance, an advertising letter (ad mail) with the purpose of attracting attention to an institution’s services; usually used as a lead-up to a subsequent call or visit and often accompanied by a lure…

stock): A security representing a share in a company, in Germany a stock corporation [AG] or a partnership limited by shares [KGaA] (an equity investment that represents ownership in a company). The issuance of…

Generally, a share that is resistant to economic crises and hardly loses price on the stock market even in bad times (a share that performs well when the general market moves lower resp. a…

stocks]: In principle, the number of shares representing more than half of the nominal capital of a corporation (ordinary majority). Sometimes, however, the qualified majority is also meant, namely as a two-thirds majority or…