Our glossary explains technical terms from the areas finance and reinsurance. We hope it facilitates the understanding of our texts, publications and annual reports. If you have comments or suggestions, please use our feedback form!
Obligatory (also: treaty) reinsurance
reinsurance treaty under which the reinsurer participates in a cedant’s total, precisely defined insurance portfolio. This is in contrast to facultative reinsurance.
Other securities, available-for-sale
securities that cannot be clearly allocated to the “trading” or “held-to-maturity” portfolios; these securities can be disposed of at any time and are reported at their fair value at the balance sheet date. Changes in fair value are not recognised in the statement of income.
Other securities, held-to-maturity
investments in debt securities that can and are intended to be held to maturity. They are measured at amortised cost.
Other securities, trading
securities that are held principally for short-term trading purposes. They are measured at their fair value at the balance sheet date