This term refers to the portion of a company’s profit, distributed per share by the latter to its shareholders. The amount depends on the extent of the profit made by the company and the decision of the Board of Directors.


Dow Jones

This is the oldest stock index in the United States, created on May 26th, 1896. At the outset it was composed of 12 industrial stocks, of which only one is still listed. Today, it is made up of a selection of 30 stocks representative of the major industrial enterprises in the United States. The Dow Jones index, like any other exchange index, varies according to the price fluctuations of the stocks that compose it.



A command that tells your computer to transfer external files, via the Internet, to your computer's hard disk.


e-banking (BCV-net)

Banking transactions via internet; this service is offered by BCV to its clients, so that they may consult their account and transact business using remote access.


TradeDirect Phone or BCV-phone

Banking transactions via telephone network; this is a service offered by a bank to its clients, so that they may consult their account and transact business using remote access.


Internet Access Provider

Private company offering Internet access via computer and modem, usually in exchange of a subscription payment.


Internet Explorer

Software designed to allow the user to search the Internet for information.


Investment fund units

Under the Swiss law, investment funds are considered as collective investment contracts, placing the purchaser of a unit of an investment fund in the position of a creditor towards the fund management, to the extent of his share in the assets and income of the fund concerned.

The issued price must correspond to the market value of the fund’s assets at the time of the issue, divided by the number of units outstanding.

An important feature of the Swiss law is that the holder of a fund unit may terminate the contract at any time and request the payment in cash of his units, the buy-back price being calculated according to the same principles as the issue price.
The issue price and the buy-back price may be increased or lowered respectively to take into account the amount of any commissions or charges. These items must be indicated separately in the fund regulations.

Investment funds

In Swiss law, investment funds may be personal property (shares, bonds, etc.), real-estate, or else "other" (precious metals, options, futures) funds.

On the market, investment funds are classified as follows:

  • shares
  • bonds
  • by sector (industry, information technology, etc.)
  • by geographical sector

Companies such as S&P or Lipper periodically compile performance rankings and award "prices". All investment funds publish their detailed performance results in ad hoc reports.

TradeDirect offers a wide range of mutual funds available online.


TradeDirect accepts all order types authorised by the Swiss Exchange (SIX Swiss Exchange), namely "At market", "Limit", "Stop-Loss" and "Stop-Limit" orders. Limit : The maximum bid of offer price is set when the order is entered.


Limited company

A legal entity with a share capital, engaged in a business activity for the purpose of sharing profits and losses among all shareholders.