Client A holds account with UBS, the account balance is 1M CHF, which he locked in term deposit that yields him 3%.
Client B holds account with interactive brokers, his portfolio includes only UBS bonds with 3% coupon, which he bought for 1M CHF.
Would it be incorrect to say that, at least until the bonds mature or sold, both clients are holding their money with UBS?
Client B holds account with interactive brokers, his portfolio includes only UBS bonds with 3% coupon, which he bought for 1M CHF.
Would it be incorrect to say that, at least until the bonds mature or sold, both clients are holding their money with UBS?
