UBS Dictionary of Banking

Qu

quanto / Quanto / quanto / quanto
Option with a fixed exchange rate between two currencies at the beginning of the maturity. When the option is exercised, the premium is paid out in the foreign currency. Quantos exist solely as a component of another option. They allow investors to speculate in underlyings denominated in a foreign currency and eliminate the foreign currency risk that would otherwise exist.

quarterly dividend / Quartalsdividende / dividende trimestriel / dividendo trimestrale
An interim dividend, paid out quarterly.

quasi-bank / Parabank / établissement parabancaire / Istituto parabancario
Institution which offers bank-like services, e.g. asset management and loans, but which does not have a banking licence and is thus not accountable to the supervisory authorities.

quorum / Quorum / quorum / quorum
The minimum number of members of an organized body legally competent to transact business in the absence of other members.

quotation list / Kursblatt / cote des valeurs mobilières / listino di borsa
Publication listing the stock exchange prices of shares and bonds.

quote / Notierung / cotation / quotazione
Also: quotation. The market price of an officially listed security. The price is determined during trading hours and is published in the official price list and in the daily papers and other media.

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