Zurich, Switzerland
Zurich, Switzerland

Credit Suisse Group is a Switzerland-based multinational financial services holding company, headquartered in Zürich, that operates the Credit Suisse Bank and other financial services investments. The company is organized as a stock corporation with four divisions: Investment Banking, Private Banking, Asset Management, and a Shared Services Group that provides marketing and support to the other three divisions.Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt in order to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. It also helped develop the country's currency system and funded entrepreneurship. In the 1900s Credit Suisse began shifting to retail banking in response to the elevation of the middle-class and the growing popularity of savings accounts. Credit Suisse partnered with First Boston in 1978. After a large failed loan put First Boston under financial stress, Credit Suisse bought a controlling share of the bank in 1988. In the 1990s, Credit Suisse acquired the Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. and Bank Leu among others. In the year 2000, it added the U.S. investment firm Donaldson, Lufkin & Jenrette.The company restructured itself in 2002, 2004 and 2006. It was one of the least affected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. During the period between 2008 and 2012, Germany, Brazil, and the United States began a series of investigations into the use of Credit Suisse accounts for tax evasion. In May 2014, the company pleaded guilty to decades of conspiring to help US citizens "hide their wealth" in order to avoid taxes, and agreed to pay $2.6 billion in fines.In 2014, Credit Suisse had 888.2 USD Bn of assets under management according to the Scorpio Partnership . Wikipedia.


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On June 6, 2017, Credit Suisse announced expected coupon payments for the following ETNs: 1.    For each ETN, the Current Yield equals the Coupon Amount, annualized and divided by the Closing Indicative Value, as discussed in more detail below.  The Current Yield is not indicative of future coupon payments, if any, on the ETNs.  You are not guaranteed any coupon payment or distribution under the ETNs.  Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments.  The Coupon Amount may vary significantly from coupon period to coupon period and may be zero.  Any payment on the ETNs is subject to Credit Suisse's ability to pay its obligations as they become due.  Accordingly, the Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement. 2.   The Current Yield for the ETN equals the sum of (i) the Coupon Amount plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. 3. On May 15, 2017, the Credit Suisse Nasdaq Gold FLOWSTM 103 Index, the Credit Suisse Nasdaq Silver FLOWSTM 106 Index and the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the "Indices") concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with June 2017 expiration.  We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on June 12, 2017, subject to adjustment in the event of any market disruption events.  Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on June 12, 2017, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount.  The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. 4.   For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below.  The Expected Current Yield is not indicative of future coupon payments, if any, on the ETNs.  You are not guaranteed any coupon payment or distribution under the ETNs.  Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments.  The Expected Coupon Amount may vary significantly from coupon period to coupon period and may be zero.  Any payment on the ETNs is subject to Credit Suisse's ability to pay its obligations as they become due.  Accordingly, the Expected Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.  For GLDI and SLVO, the Expected Current Yield equals the sum of (i) the Expected Coupon Amount plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis.  For USOI, which launched on April 25, 2017, the Expected Current Yield equals the sum of (i) the Expected Coupon Amount plus (ii) the amount of the ETN's most recent coupon payment, multiplied by six (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis.  The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. The ETNs may not be suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The ETNs are subject to the credit risk of Credit Suisse. You may receive less, and possibly significantly less, than the principal amount of your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked indices. An investment in the ETNs involves significant risks. For further information regarding risks, please see the section entitled "Risk Factors" in the applicable pricing supplement. Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,640 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this press release relates. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated May 4, 2015 and the Prospectus dated May 4, 2015 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below: REML:   Pricing Supplement dated July 12, 2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=REML AMJL:   Pricing Supplement dated May 17, 2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=AMJL MLTI:  Pricing Supplement dated June 9, 2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=MLTI USOI:  Pricing Supplement dated April 25, 2017, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=USOI GLDI:  Pricing Supplement dated August 12, 2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI SLVO:  Pricing Supplement dated August 16, 2016, including the Prospectus Supplement dated May 4, 2015, and Prospectus dated May 4, 2015:  https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO Alternatively, Credit Suisse, Credit Suisse Securities (USA) LLC or any agent or any dealer participating in this offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling 1-800-320-1225. This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/credit-suisse-announces-coupon-payments-and-expected-coupon-payments-on-credit-suisse-x-links-exchange-traded-notes-the-etns-300469206.html


A processor-implemented method for executing a synthetic cross-currency basis swap, including determining a notional value for the swap, the notional value being denominated in a first currency; calculating a synthetic spread based on a spot rate between the first currency and a second currency, a first reference rate for the first currency, and a second reference rate for the second currency; calculating a first payment to be paid by a first party to the swap by multiplying the notional value by a predetermined number of basis points; calculating a second payment to be paid by a second party to the swap by multiplying the notional value by the synthetic spread; and facilitating an exchange of payment between the first party and the second party.


News Article | July 17, 2017
Site: www.prnewswire.com

Nelson Louie, Global Head of Commodities for Credit Suisse Asset Management, said: "Recoveries of major economies seem to be moving in the same direction. Reported manufacturing activity in the US and Europe remained in expansion territory, while China returned to a slight expansion in June, which may be supportive of base metals demand. Consumer confidence levels in the US and parts of the Eurozone have also increased. Despite these positive economic indicators, central banks continued to be accommodative. Recently, the US Fed expressed that any reduction to the federal balance sheet will be deliberately slow. In addition, the Chinese central bank indicated it will continue to attempt to support its economy as it tightens credit conditions and shifts towards a consumer-driven economy, easing concerns surrounding the country's pace of economic growth." Christopher Burton, Senior Portfolio Manager for the Credit Suisse Total Commodity Return Strategy, added: "Low energy prices have served as a drag on inflation. Markets now are waiting to see how sustainable newly restored production out of Libya and Nigeria will be, along with if other OPEC members will act to offset this increase in supply. Industrial Metals continued to be influenced by labor disputes as well as environmental-related restrictions on the production of certain metals. In Agriculture, weather-related risks, or lack thereof, remain the largest driver of returns for grains and softs. As the Brazilian meat scandal and corruption probe widens, the US may take up more beef market share due to it being viewed as a safe supplier. Lastly, the demand for Precious Metals continues to be influenced by the strength of the US Dollar and safe haven demand. The trend of higher interest rates may hurt precious metals demand, unless offset by greater inflation, while safe haven demand is likely to remain intact." Credit Suisse's Total Commodity Return Strategy is managed by a team with over 30 years of experience, and seeks to outperform the return of a commodities index, such as the Bloomberg Commodity Index Total Return or the S&P GSCI Total Return Index, using both a quantitative and qualitative commodity research process. Commodity index total returns are achieved through: As of June 30, 2017, the Team managed approximately USD 8.5 billion in assets globally. Credit Suisse AG Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,640 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Asset Management In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 21 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world. All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types. Important Legal Information This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document. Certain risks relating to investing in Commodities and Commodity-Linked Investments: Exposure to commodity markets should only form a small part of a diversified portfolio. Investment in commodity markets may not be suitable for all investors. Commodity investments will be affected by changes in overall market movements, commodity volatility, exchange-rate movements, changes in interest rates, and factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Commodity markets are highly volatile. The risk of loss in commodities and commodity-linked investments can be substantial. There is generally a high degree of leverage in commodity investing that can significantly magnify losses. Gains or losses from speculative derivative positions may be much greater than the derivative's original cost. An investment in commodities is not a complete investment program and should represent only a portion of an investor's portfolio management strategy.


On August 2, 2017, Credit Suisse announced expected coupon payments for the following ETNs: 1.    For each ETN, the Current Yield equals the Coupon Amount, annualized and divided by the Closing Indicative Value, as discussed in more detail below.  The Current Yield is not indicative of future coupon payments, if any, on the ETNs.  You are not guaranteed any coupon payment or distribution under the ETNs.  Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments.  The Coupon Amount may vary significantly from coupon period to coupon period and may be zero.  Any payment on the ETNs is subject to Credit Suisse's ability to pay its obligations as they become due.  Accordingly, the Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement. 2.   The Current Yield for the ETN equals the sum of (i) the Coupon Amount plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis. 3. On July 17, 2017, the Credit Suisse Nasdaq Gold FLOWSTM 103 Index, the Credit Suisse Nasdaq Silver FLOWSTM 106 Index and the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the "Indices") concluded the notional sale of options on GLD shares, SLV shares and USO shares, respectively, with August 2017 expiration.  We expect that the notional cash distribution generated by this sale of options will be withdrawn from the Indices on August 14, 2017, subject to adjustment in the event of any market disruption events.  Assuming no redemption or acceleration of GLDI, SLVO and USOI, and that the notional cash distribution is withdrawn from the Indices on August 14, 2017, we expect to declare a Coupon Amount for GLDI, SLVO and USOI, respectively, equal to the corresponding Expected Coupon Amount.  The Expected Coupon Amount is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. 4.   For each ETN, the Expected Current Yield equals the Expected Coupon Amount annualized and divided by the Closing Indicative Value, as discussed in more detail below.  The Expected Current Yield is not indicative of future coupon payments, if any, on the ETNs.  You are not guaranteed any coupon payment or distribution under the ETNs.  Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments.  The Expected Coupon Amount may vary significantly from coupon period to coupon period and may be zero.  Any payment on the ETNs is subject to Credit Suisse's ability to pay its obligations as they become due.  Accordingly, the Expected Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.  For each ETN, the Expected Current Yield equals the sum of (i) the Expected Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis.  The Expected Current Yield is subject to change upon the occurrence of a disruption event or other unforeseen circumstances. The ETNs may not be suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The ETNs are subject to the credit risk of Credit Suisse. You may receive less, and possibly significantly less, than the principal amount of your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked indices. An investment in the ETNs involves significant risks. For further information regarding risks, please see the section entitled "Risk Factors" in the applicable pricing supplement. Credit Suisse AG Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,230 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this press release relates. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated June 30, 2017 and the Prospectus dated June 30, 2017 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below: Alternatively, Credit Suisse, Credit Suisse Securities (USA) LLC or any agent or any dealer participating in this offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling 1-800-320-1225. This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ICT-2013.3.4 | Award Amount: 4.68M | Year: 2013

NanoStreams co-designs a micro-server architecture and software stack that address the unique challenges of hybrid transactional-analytical workloads, which are encountered by emerging applications of real-time big-data analytics. To this end, NanoStreams brings together embedded system design principles, application-specific compilers, and HPC software practices.The processor technology that underpins the NanoStreams micro-server is an amalgam of RISC cores and nano-cores, a new class of programmable custom accelerators. Novel automatic compiler generation and parameterization technology enables low-effort programming and integration of nano-cores into application-specific, many-core accelerators. The proposed heterogeneous Analytics-on-Chip processor forms the backbone of the NanoStreams micro-server, which further leverages a hybrid DRAM-PCRAM memory system and a non-cache-coherent scale-out architecture to achieve extreme energy-efficiency.The software stack of the NanoStreams micro-server is rooted in domain-specific languages for analytical queries, which the project implements with a streaming dataflow execution model. The language runtime system uses real-time scheduling, performance isolation techniques and region-based memory management to minimize latency on the transactional path and maximize throughput on the analytical path. NanoStreams virtualizes lightweight PCRAM-based persistent memory, for direct user access and locality optimization.The project will deliver a real-silicon prototype, based on the Xilinx Zynq platform and ARM-Linux. The quantitative objective of NanoStreams, in comparison with contemporary HPC servers, is to reduce analytical response time of commercial in-memory databases by at least 30%, while sustaining transactional throughput and improving system energy-efficiency and programmability. NanoStreams will demonstrate these advances with industry-standard workloads and four real-world case studies.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ICT-2013.6.2 | Award Amount: 4.31M | Year: 2013

The GreenDataNet project aims at designing and validating a new, system-level optimisation solution allowing urban data centres to radically improve their energy and environmental performance. The objective is to develop a set of beyond state-of-the-art technologies that will allow urban data centres to reach 80% of renewable power and decrease their average Power Usage Effectiveness (PUE) from 1.6-2.0 today to less than 1.3. GreenDataNet will enable energy monitoring and optimisation of IT, power, cooling and storage at three levels: servers and racks, individual data centres, and networks of data centres. To further reduce the need for grid power, GreenDataNet will also work on the integration of local photovoltaic energy in combination with an innovative, large-scale storage solution that will facilitate the connection of data centres to smart grids. Within this project, second-life electric vehicle Li-ion batteries will be investigated as a more advantageous solution for data centres to become actual smart grid nodes.The whole solution will be implemented as an open-source platform to allow third parties to provide additional optimisation modules and ensure the long-term sustainability of the project. Three demonstration sites will be utilised to test and validate the GreenDataNet concept: a data centre from Credit Suisse in Switzerland, a data centre from CEA in France that includes a large photovoltaic area and a smart grid test platform, and a pilot site in the Netherlands that is being used by a Dutch consortium working on Green IT technologies. In addition, research on heat reuse vs. free cooling will be conducted in a new data centre built by ICTroom in Belgium. Performance indicators that go beyond PUE will be experimented in the project and will support the work of the consortium in standardisation bodies like CEN/CENELEC/ETSI. Based on the project outcome, GreenDataNet will release guidelines to help make data centres more sustainable in the future.


A development and testing environment with reduced database storage requirements that uses synthetic data based on anonymized real data, which allows the use of sensitive data for testing while protecting such data as required by privacy laws, secrecy laws and company policies.


The enterprise database system provides methods, data, and user interfaces for performing reassessments and creating financial and accounting disclosure reports. Data fields for entities are monitored for changes that are evident at the end of reporting periods and may trigger the need to reassess the categorization of the entity. The system receives a request to perform a reassessment based on changes to particular data fields during the reporting period. The system retrieves entities that require reassessment based on the trigger events applicable to the entities. A reassessment is performed for each of the entities having a trigger event and the reassessment is stored in a historical database. Based on the reassessment, the system generates prompts to re-categorize the reassessed entity. Following the reassessment and categorization, the system can generate a disclosure report that presents information about the newly categorized entity.


Patent
Credit Suisse | Date: 2014-10-17

A method for costing a web service operable for querying one or more data sources, the method including calculating the cost of operating the web service, measuring web service usage data using one or more service metrics, wherein the one or more service metrics include at least one derived service metric, choosing at least one service metric from the one or more service metrics, wherein one or more of the at least one chosen service metrics is a derived service metric, calculating the cost of the web service based on the at least one chosen service metric, and charging for usage of the web service based upon the calculated cost of the web service.


A system for expense calculation, accrual, allocation, and reconciliation, including an expense calculation module configured to receive transaction data relating to a transaction and to apply at least one charge rule to the transaction data to calculate expense data detailing the expenses expected to be charged in association with the transaction; an accounting control module configured to receive the expense data as an input and to apply at least one accounting rule to the expense data to create enhanced data relating to the transaction; and an invoice reconciliation module configured to receive as inputs the expense data as well as invoice data related to the transaction, and to determine whether the invoice data matches the expense data for the transaction.

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