A partial redemption with reduction of nominal value implies the partial redemption of securities before their scheduled final maturity date with reduction of the nominal value of these securities. You can find more information under the Privacy Statement. Amy has over 30 years of experience in the banking industry. An optional dividend has to be distinguished from dividend reinvestment as the company creates new share capital in exchange for the dividend rather than investing the dividend in the market. A payment date is the date on which a corporate action distribution is scheduled to be paid. A liqiudation payment occurs when a company is insolvent, meaning it cannot pay its obligations when they come due. What happens if I miss the deadline for issuing instructions? A maturity extension may be subject to bondholder's approval. After the deadline, the default option applied, can be seen in the "Completed" Tab as "Expired". Join to Connect UBS. What Corporate Actions are available on e-Banking? asset manager) at final maturity. If you haven’t issued any instruction(s) by the deadline, the default option will be applied. demerger, distribution, unbundling). Never give out personal data like contract and access card numbers or security codes if someone asks for them. UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland.Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution in the world. Yes, your CA will contact you before the deadline where necessary. Your engaging Digital Banking experience starts with our quick and secure login via the UBS Access App. A final maturity is the redemption of an entire issue outstanding of securities (e.g. A liquidation payment is a distribution of cash, assets or both. A capital distribution is an event in which shareholders receive an amount in cash issued from the Capital account. (Examples of voluntary corporate actions: repurchase offer, takeover offer, class action, capital increase, etc.). Extraordinary dividends are one-time distributions as the result of unanticipated profits or a nonrecurring increase of revenue. Once your instruction has been processed, you will receive a separate booking advice statement. Get hired! You may also contact our digital banking hotline or your client advisor for more information. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Corporate actions can either be mandatory or voluntary. Worthless implies the booking out of valueless securities. Amanda Soon. tender the shares under the offer, take up the dividend in form of new shares, etc.). A warrant exercise is an option offered to holders to buy (call warrant) or to sell (put warrant) a specific amount of stock, cash, or commodity, at a predetermined price, during a predetermined period of time (which usually corresponds to the life of the warrant issue). Call options give the call options holder the right but not the obligation to buy a given quantity of the underlying asset, at a given price on or before a given future date. Since joining UBS in 1995, she has held a number of senior management positions including Regional Head of Ultra High Net Worth in Asia. Spin-off represents a form of divestiture usually resulting in an independent company or in an existing company (e.g. A delisting means that a security is no longer able to comply with the listing requirements of a stock exchange and is removed from the official board quotation. A dividend reinvestment represents a dividend payment where holders can keep cash or have the cash reinvested in the market by the issuer into additional shares of the issuing company. Associate Director at UBS Investment Bank Beijing, China. The bank employs about 2,400 people, providing corporate finance, foreign exchange, fixed income products and other banking services. Managing Director, Head of Corporate Finance, China Merchant Bank International Hong Kong 114 connections. An odd lot is a parcel of shares or bonds for trade that is smaller than the standard lot for that particular security. You are free to change your cookies' settings in the privacy settings. UBS e-banking in Hong Kong; UBS Quotes; Corporate & Institutions. As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims as specified by the security. UBS Hong Kong is a division of the Swiss-based global financial services company UBS AG. If the owner wishes to take part in the event, instructions from the account owner are required. This includes shareholders, both common and preferred, as well as bondholders. A tax reclaim is an event related to tax reclaim activities. Senior Team Head at Bank of China (Hong Kong) ... Christine Ding Head of International Corporate Bank, Greater China at Barclays Corporate Banking Hong Kong SAR. We have provided answers to the most frequently asked questions about digital banking in the short videos and FAQs below. Yes. The candidate will be one of the contact person for wealth management client advisors with clients who require corporate finance services and advice on investment banking products. Option within a corporate action event which will be applied if no instruction is submitted by a shareholder. merger, reorganisation, issue of supplementary tranches, etc.)). SERVICES OFFERED. Intermediate securities are rights/right securities which are distributed based on an underlying holding (e.g. An exchange can be either mandatory or voluntary involving the exchange of outstanding securities for different securities and/or cash. Head of Greater China ECM at UBS Hong Kong 500+ connections. Your engaging Digital Banking experience starts with our quick and secure login via the UBS Access App. You have a maximum of 10 seconds to check the order details and submit the transaction by clicking on "Execute". Show more profiles Show fewer profiles ... Head of Corporate Finance, China Merchant Bank International. UBS AG, Hong Kong Branch was formerly known as Swiss Bank Corporation Hong Kong Branch. HONG KONG, March 12 (Reuters) - UBS Group is moving to increase ownership in its Chinese securities joint venture to 67%, as two local partners put their … A par value is a notional value of a share or bond. Bankruptcy is a legal status of a company being unable to pay creditors. UBS Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution and comprehensive access to international capital markets. shares) and which give the holder the right to take part in a future corporate action event as for instance an optional dividend. The outstanding amount of securities will be reduced proportionally. We want to create superior value for our clients, shareholders and employees. Partial redemption without reduction of nominal value. ... Financial Sponsors Group, CCS, UBS Hong Kong SAR. Standard terms as per trades through your client advisor will apply. An exchange implies the exchange of holdings for other securities and/or cash. A payment in kind is an Interest or dividend payment in any kind except cash, distributed to holders of an interest bearing asset (e.g. In the local market, the bank provides essential business and individual banking services like foreign exchange, corporate finance and fixed income products. It can be distinguished between ordinary dividends and extraordinary dividends. After instruction, you can view your instructions in the “Completed” tab. Welcome back. A disclosure is a requirement for holders or beneficial owners to disclose their name, location, holdings of any issue and other information to the issuer. While a mutinous atmosphere erupts in BofA's corporate bank, there's almost certainly an air of satisfaction over at UBS. The materials on this website are not directed to US persons. A takeover offer is an offer of an acquiring company to the target company's shareholders to buy the target company's shares to gain control of the business. © UBS 1998 - 2021. The owner may separate the cum right from the stock and sell it. How do I know if I need to issue instructions for a new corporate action? Before the deadline, it is still possible to change instructions for a specific event. On September 14, Swiss banking giant UBS held an intimate gathering to unveil their new rehang of its corporate collection in the bank’s Hong Kong headquarters. The bank employs about 2,400 people, providing corporate finance, foreign exchange, fixed income products, and other banking services. bonds, preferred equity) by the issuer or its agent (e.g. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. You can issue instructions for a capital market transaction if you have eligible holdings in a UBS custody account and have transaction capabilities enabled for e-Banking.
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