share
Security representing a share in the capital of a public company. It assures the owner membership rights (voting and election rights at the general meeting) and property rights (right to share in the profits, share in capital increases or in the liquidation result).
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stock exchange
Regular market organized according to fixed customs. Depending on the traded goods one speaks z. B. from securities, securities, foreign exchange, commodity exchanges or exchanges for derivative instruments (futures exchanges).
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CEO
Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.
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CFO
Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.
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COO
Anglo-Saxon acronym for Chief Executive Officer, Chief Financial Officer, Chief Investment Officer and Chief Operating Officer, which together make up the Executive Board.
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Cap
Price of an underlying asset or an interest rate, which often decides whether the underlying asset is delivered or a cash amount is paid.
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Corporate Governance
Rules and principles for good and responsible corporate governance. Increasing criticism of the quality of corporate governance has led to business associations and stock exchanges developing regulations on transparency, governance and control. Since 2002, companies listed on the SIX have had to implement the Corporate Governance Directive. The revised guideline came into effect at the beginning of 2007.
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Dividend
The percentage of earnings paid by a corporation per share. The dividend is determined by the General Meeting at the request of the Board of Directors. Payments to the holders of profit participation certificates are also referred to as dividends.
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Ebit
EBIT (Earnings before Interest and Taxes): Earnings before interest and taxes. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operational earning power better than the published net profit. Without operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued activities are usually eliminated from the operating result and included in the net result as the result of discontinued activities. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.
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Ebitda
EBIT (Earnings before Interest and Taxes): Earnings before interest and taxes. Ebita: Ebit before goodwill amortization. Ebitda (Earnings before Interest, Taxes, Depreciation and Amortization): Operating profit before interest, taxes, depreciation and amortization. These three variants of the operating result show the operational earning power better than the published net profit. Without operational reasons, this can vary widely depending on the accounting standard, the contribution of the financial result (interest as defined above) and the tax burden. Discontinued activities are usually eliminated from the operating result and included in the net result as the result of discontinued activities. On the other hand, extraordinary expenses for restructuring or value adjustments are taken into account if they are operational.
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Fed
US central banking system to which the twelve Federal Reserve Banks are attached. At the top is the Governing Board (Board) in Washington, which also provides the majority in the Open Market Committee, in which monetary policy is decided.
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Fonds
Assets raised by investors through public advertising for the purpose of collective capital investment, which is generally managed by the fund management company according to the principle of diversification for the account of the investors. Investment funds are bought directly from the bank and increasingly also via Internet platforms and, unlike ETFs, are usually not traded on the stock exchange.
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IPO
Opening of a private joint stock company, whose share capital was previously owned exclusively by a limited group of people, to a public company through the issue and listing of shares. Also called Initial Public Offering (IPO). Opposite: going private.
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Inflation
Price increase or currency depreciation. The change is given as the inflation rate. Often causes central banks to adopt a restrictive monetary policy (high key interest rates), which weighs on stocks and bonds. Opposite: disinflation, deflation.
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Marge
1. Difference between a bank’s lending and borrowing rates (interest margin). 2. Difference between the bid price and the ask price of a security (bid-offer spread). 3. Cash margin (initial margin, variation margin) in futures or CDF (safety margin). 4. Earnings (usually operational) in relation to sales (return on sales, RoS).
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private investors
Investors who manage their own money. According to the Ordinance on the KAG, you are considered a qualified investor from CHF 2 million in investment assets.
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VR
Supervises and directs (through the definition of strategy) the management of a company for all shareholders. As a rule, the majority of the board members of an AG under Swiss law must have Swiss citizenship and be domiciled in Switzerland. The BoD consists of executive (internal) and non-executive (external) members. As part of good corporate governance, the practice is becoming more and more established that a significant part of the board of directors may not have any business relationship with the company. The board of directors is elected by the general assembly.
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Board of Directors
Supervises and directs (through the definition of strategy) the management of a company for all shareholders. As a rule, the majority of the board members of an AG under Swiss law must have Swiss citizenship and be domiciled in Switzerland. The BoD consists of executive (internal) and non-executive (external) members. As part of good corporate governance, the practice is becoming more and more established that a significant part of the board of directors may not have any business relationship with the company. The board of directors is elected by the general assembly.
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