{"id":28869,"date":"2026-07-13T10:35:23","date_gmt":"2026-07-13T08:35:23","guid":{"rendered":"https:\/\/www.bancasempione.ch\/glossary\/"},"modified":"2026-07-13T10:52:23","modified_gmt":"2026-07-13T08:52:23","slug":"glossary","status":"publish","type":"page","link":"https:\/\/www.bancasempione.ch\/en\/glossary\/","title":{"rendered":"Glossary"},"content":{"rendered":"\n

Glossary<\/h1>\n\n
\n\n
\n

A<\/h3>\n
\n
\n
Asset allocation<\/dt>\n
Process of allocating wealth across different asset classes, such as equities, bonds, liquidity and other instruments, with the objective of optimising the balance between risk and return.<\/dd>\n <\/div>\n
\n
Asset class<\/dt>\n
Category of financial instruments sharing similar characteristics in terms of risk, return and market behaviour.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

B<\/h3>\n
\n
\n
Benchmark<\/dt>\n
Reference index or parameter used to compare and evaluate the performance of an investment, a portfolio or an investment management strategy.<\/dd>\n <\/div>\n
\n
Bond<\/dt>\n
Debt instrument through which an investor lends capital to an issuer in exchange for periodic interest payments and repayment of the principal at maturity.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

C<\/h3>\n
\n
\n
CET1 Ratio<\/dt>\n
Capital adequacy indicator that measures a bank\u2019s financial strength and its ability to absorb potential losses.<\/dd>\n <\/div>\n
\n
Corporate social responsibility (CSR)<\/dt>\n
Refers to the approach through which a company integrates social, environmental and ethical considerations into its business activities, stakeholder relationships and long-term corporate strategy.<\/dd>\n <\/div>\n
\n
Correlation<\/dt>\n
Statistical measure that expresses the degree of relationship between the performance of two or more financial instruments, asset classes or markets.<\/dd>\n <\/div>\n
\n
Coupon<\/dt>\n
Periodic interest payment made to the holder of a bond according to the terms and conditions of the issue.<\/dd>\n <\/div>\n
\n
Currency<\/dt>\n
Monetary unit used as a medium of exchange and unit of account within a specific country or monetary system.<\/dd>\n <\/div>\n
\n
Currency risk<\/dt>\n
Risk arising from fluctuations in exchange rates between different currencies, which may affect the value of an investment.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

D<\/h3>\n
\n
\n
Derivatives<\/dt>\n
Financial instruments whose value depends on the performance of underlying assets such as equities, bonds, currencies, indices or interest rates.<\/dd>\n <\/div>\n
\n
Diversification<\/dt>\n
Investment strategy that distributes investments across different instruments, sectors and markets in order to reduce the overall portfolio risk.<\/dd>\n <\/div>\n
\n
Drawdown<\/dt>\n
Decline in the value of an investment or portfolio from its previous peak.<\/dd>\n <\/div>\n
\n
Duration<\/dt>\n
Indicator used to measure the sensitivity of a bond\u2019s price to changes in interest rates.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

E<\/h3>\n
\n
\n
Equity index<\/dt>\n
Indicator that measures the performance of a group of shares representing a market, sector or geographical area.<\/dd>\n <\/div>\n
\n
ESG<\/dt>\n
Refers to the Environmental, Social and Governance factors considered in investment decisions and corporate assessments.<\/dd>\n <\/div>\n
\n
ETF<\/dt>\n
Exchange-listed fund that replicates the performance of an index, market or specific asset class, providing diversified exposure through a single investment.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

F<\/h3>\n
\n
\n
Financial advisor<\/dt>\n
Professional who supports clients in managing their wealth and making investment decisions through a holistic advisory approach, identifying solutions aligned with their objectives, personal circumstances, investment horizon and risk profile.<\/dd>\n <\/div>\n
\n
Financial advisory<\/dt>\n
Service that supports clients in defining investment strategies aligned with their wealth management needs. Under this service, investment decisions always remain with the client.<\/dd>\n <\/div>\n
\n
Financial market<\/dt>\n
Physical or digital marketplace where financial instruments, capital and currencies are traded, facilitating the interaction between supply and demand.<\/dd>\n <\/div>\n
\n
Financing<\/dt>\n
Solution that enables clients to access financial resources for personal, wealth-related or business needs, according to terms and conditions agreed with the Bank.<\/dd>\n <\/div>\n
\n
Forex<\/dt>\n
Global market dedicated to currency trading, characterised by high liquidity and continuous trading activity.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

G<\/h3>\n
\n
\n
Government bond<\/dt>\n
Bond issued by a government or public authority to finance its economic activity and public expenditure.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

H<\/h3>\n
\n
\n
Hedge fund<\/dt>\n
Investment vehicle that adopts flexible and specialised investment strategies with the objective of generating returns under different market conditions.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

I<\/h3>\n
\n
\n
Interest rate<\/dt>\n
Measure that determines the cost of borrowing capital or the return on invested or deposited financial resources.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

L<\/h3>\n
\n
\n
Leverage ratio<\/dt>\n
Regulatory indicator that measures the relationship between a bank\u2019s capital and its total exposure, regardless of the associated level of risk.<\/dd>\n <\/div>\n
\n
Liquidity<\/dt>\n
Ability of a financial asset to be converted into cash quickly without significant changes in value.<\/dd>\n <\/div>\n
\n
Lombard credit<\/dt>\n
Financing solution secured by financial assets deposited with the Bank, typically used to meet liquidity needs or support wealth management strategies.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

M<\/h3>\n
\n
\n
Market capitalisation<\/dt>\n
Total value of a listed company, calculated by multiplying its share price by the number of shares outstanding.<\/dd>\n <\/div>\n
\n
Market value<\/dt>\n
The value attributed by the market to a financial instrument or portfolio at a specific point in time.<\/dd>\n <\/div>\n
\n
Monetary policy<\/dt>\n
Set of measures implemented by central banks to influence inflation, liquidity, economic growth and employment through the setting of interest rates or other monetary policy instruments.<\/dd>\n <\/div>\n
\n
Mortgage loan<\/dt>\n
Financing solution secured by real estate, used for the purchase, construction or enhancement of property, as part of a broader wealth and financial planning strategy.<\/dd>\n <\/div>\n
\n
Multi-asset<\/dt>\n
Investment approach that combines different asset classes within a single portfolio with the objective of promoting diversification.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

P<\/h3>\n
\n
\n
Portfolio<\/dt>\n
Collection of financial instruments held by an investor and structured according to investment objectives, time horizon and risk profile.<\/dd>\n <\/div>\n
\n
Precious metal<\/dt>\n
Physical asset such as gold, silver or platinum, often used for diversification or investment purposes.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

R<\/h3>\n
\n
\n
Return<\/dt>\n
Economic result generated by an investment over a given period, expressed in absolute or percentage terms.<\/dd>\n <\/div>\n
\n
Risk mitigation<\/dt>\n
Set of techniques and strategies used to reduce exposure to financial risks and preserve the balance of the portfolio.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

S<\/h3>\n
\n
\n
Share<\/dt>\n
Security representing an ownership interest in a company and entitling the holder to participate in its economic and financial performance.<\/dd>\n <\/div>\n
\n
Sustainable investment<\/dt>\n
Investment approach that integrates environmental, social and governance considerations alongside traditional financial objectives.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

V<\/h3>\n
\n
\n
Volatility<\/dt>\n
Indicator that measures the magnitude of an investment\u2019s price fluctuations over time and represents its level of risk.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n
\n

Y<\/h3>\n
\n
\n
Yield curve<\/dt>\n
Graphical representation of bond yields across different maturities, used to interpret market expectations regarding interest rates and economic conditions.<\/dd>\n <\/div>\n <\/dl>\n <\/div>\n \n <\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Glossary<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"No Hero","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-28869","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nGlossary - Banca del Sempione<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bancasempione.ch\/en\/glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glossary - Banca del Sempione\" \/>\n<meta property=\"og:description\" content=\"Glossary\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bancasempione.ch\/en\/glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"Banca del Sempione\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100075458006919\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-13T08:52:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bancasempione.ch\\\/en\\\/glossary\\\/\",\"url\":\"https:\\\/\\\/www.bancasempione.ch\\\/en\\\/glossary\\\/\",\"name\":\"Glossary - 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