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The glossary of Fondsdepot Bank

In our glossary you will find an overview of the most important technical terms relating to investing and fund management at Fondsdepot Bank.



The management of assets.

The assets held in custody by a custodian bank (e.g. the Fondsdepot Bank).

Segments into which the capital market can be divided and in which assets can be invested. Well-known assets are shares, real estate, commodities and foreign exchange.

Transaction costs that may be incurred when buying and selling ETFs.

Application Programming Interface.

Interface to allow different programmes to access a system.

The price at which a particular financial product is offered to investors for purchase.


The fund's investment capital is predominantly invested in bonds. This includes, for example, government and corporate bonds and profit participation certificates.

Federal Financial Supervisory Authority.

BaFin is the central supervisory authority for credit and financial services institutions, insurance companies and securities trading. Its tasks include solvency and market supervision as well as combating money laundering in Germany.

One hundredth of a percentage point (0.01%).
100 basis points = 1%.

A general (synthetic) benchmark against which the performance of funds and other financial products can be compared.

The price at which a particular financial product is offered for sale to investors.


In a broker pool, the business of many insurance brokers or financial brokers is bundled (pooled). The resulting significantly higher joint sales volume is used by insurance companies, building societies and providers of investment funds to negotiate better conditions.


Funds without a commission component, i.e. share classes that do not have distribution fees.

The customer service of Fondsdepot Bank. Available by telephone from Monday to Friday from 8 a.m. to 8 p.m. on +49 9281 7258 - 3000 or by e-mail to info(at)

Custodian banks such as Fondsdepot Bank GmbH are independent depositories for fund assets. This is where clients' investments are held in safe custody.

Even before sales begin, the volume / number of units that can be subscribed to in this fund is determined. The sale is stopped as soon as the specified volume is reached. The capital remains in the fund for a fixed term. After that, the fund is wound up (see Fund in liquidation).


Capital management companies are companies whose business operations are geared towards managing domestic investment assets, EU investment assets or foreign alternative investment funds. (§17 KAGB).


Funds of the provider Dimensional.

"Place of safekeeping" for assets such as investment fund units, precious metals and the like. Securities can be easily managed via a custody account.

German share index.

As a performance index, it tracks the development of the shares of the 30 largest German companies with the highest turnover.


The fund's investment capital is predominantly invested in equities.

Exchange-traded investment fund that is "passively" managed, i.e. it tracks a known or newly created index 1:1 synthetically / mathematically.

Transaction and financial instrument specific cost information to be provided to the client prior to each transaction.

Further information: FAQ ex ante-disclosure of costs

Cost information provided to the client at least once a year. This information contains a list of the costs and allowances actually incurred for his investment.

Further information: FAQ ex post-disclosure of costs

Euro Inter Bank Offered Rate.  Euribor refers to the average interest rates at which many European banks grant each other bonds in euros. It is published by the Deutsche Bundesbank.


Closed-end funds are liquidated at the end of a fixed term. The investments are sold and the investor receives the current equivalent value of his units.

Foreign exchange spread

The difference between the buying and selling rate (here of a foreign exchange/foreign currency).

Further information: FAQ Foreign exchange spread

Also referred to as a fund bank. Fund platforms such as Fondsdepot Bank give investors access to funds from the various fund companies on the market. They take care of the administration of the portfolios.

See investment fund.


Self-employed financial brokers need a permit to broker financial investments according to § 34f GewO (Trade Regulation Act). This permit specifies which investment products may be brokered.


Capital pool in which money is collected from investors and savers. This money is invested in different asset classes according to previously defined investment guidelines.

Further information: FAQ investment funds

Independent Financial Advisor

A bank-independent financial advisor whose service is to find the right fit for the client from a wide range of fund products.


Reimbursement in the form of commission to advisors / intermediaries / brokers.


Fund that invests mainly in short-term money market instruments.


The NAV of an investment fund is the sum of all valued assets minus all liabilities.


(Telephone) acceptance point for custody orders such as purchases, sales and changes.

The number of units is not limited from the outset and can be increased or reduced depending on demand.

The electronic transmission of custody orders to the relevant offices.


Payment Services Directive 2.

An EU directive to regulate payment services and payment service providers, e.g. to increase security in payment transactions and strengthen consumer protection.

Further information: FAQ PSD2

Flat rate on the basis of which investors in an investment fund are taxed at the beginning of each year. In order to prevent the flat-rate tax deduction by means of the sale of fund units (in whole or in part), the securities account holder can deposit an exemption order.

Further information: FAQ Pre-set standard tax base


Fund in which the investment capital is invested in buildings and land. A basic distinction is made between "open" and "closed" funds. (See glossary: open-end fund / closed-end fund).

The fixed investment mix changes as a result of different increases in the value of different asset classes in a portfolio. Rebalancing is the redistribution of a portfolio's positions in order to restore the original weighting.

According to a decision of the Federal Ministry of Finance, an estimate retention is possible within the scope of the publication of the taxation bases for public AIFs and UCITS.


Tax on investment income. This is paid directly by the banks to the tax office.

Loan secured by mortgaging a deposit.

The investment capital of the fund investors, which is separated from the assets of the investment company / the capital management company. This separation protects the fund assets from being accessed by the investment company or creditors - even in the event of insolvency.

See Customer Care Center.


Undertakings for Collective Investments in Transferable Securities.

UCITS are funds that comply with the strict rules of the EU Investment Directive.

You can find more answers to your questions in our FAQ