Turnover Trust
Indonesian translation: dana amanat balik jaminan
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| 15:36 Feb 13, 2016 |
| English to Indonesian translations [PRO] Law/Patents - Business/Commerce (general) / dalam perjanjian antara Chargor dan Offshore Security Agent | |||||||
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|  Selected response from: ErichEko ⟹⭐ Indonesia Local time: 10:09 | ||||||
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| Summary of answers provided | ||||
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| 4 +1 | [dana] amanat balik jaminan |
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| 3 | jaminan pengembalian dana (turnover trust) |
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| Discussion entries: 1 | |
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Answers
10 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1| turnover trust [dana] amanat balik jaminan Explanation: ☕ Suatu turnover trust adalah penampungan bagi dana jaminan pengembalian pinjaman. Jika penjamin menerima suatu pembayaran dari peminjam, uang itu harus disetorkan ke turnover trust sehubungan dengan jaminan yang dijanjikannya kepada pemberi pinjaman sampai pinjaman lunas. Jika sebelum pinjaman lunas penjamin bangkrut, pemberi pinjaman dapat mencairkan dana amanat itu untuk pihaknya. ☕ Karena arti harfiah turnover adalah balik (atau turunannya: membalik, kebalikan, dst.) dan fungsinya berkaitan dengan jaminan, usul saya adalah: dana amanat balik jaminan. SURJAYA ✸✸✸✸✸ http://www.cnplaw.com/en/files/articles/2008/basel2.pdf In the 2007 draft of the LMA facility agreement, a turnover trust was inserted in the guarantee clause which obliges the guarantor to turn over to the bank/s any payment received by it in relation to any guarantee payment made by it, until the bank/s have been paid in full. This is intended for the protection of the proceeds in case of the insolvency of the guarantor. http://www.allens.com.au/pubs/baf/fobaf30oct09_01.htm A number of drafters add to this clause a turnover trust, so that if the guarantor does receive anything from the borrower, it has to hold it on trust for the creditor. ... turnover trusts may be regarded as security interests. |
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8 days confidence:
| turnover trust jaminan pengembalian dana (turnover trust) Explanation: Saya menemukan salah satu definisi tentang Turnover Trust dari Internet, sebagai berikut: ----------------- TURNOVER TRUSTS A number of drafters add to this clause a turnover trust, so that if the guarantor does receive anything from the borrower, it has to hold it on trust for the creditor. This raises some difficulties. Although under current law, it is not a security interest, such a turnover trust will breach many negative pledges, as it would be a 'Security Interest' or 'Encumbrance' when those terms are given an expanded definition in negative pledge clauses. Under the new Personal Property Securities Bill 2009, turnover trusts may be regarded as security interests. Finally, if the guarantor signs a number of guarantees, each containing a turnover trust, only the first turnover trust signed can be assured to be effective. Being equitable interests, the trusts will rank in order of creation, so that all the assets that might be subject to the turnover trust will go to the first creditor who has such a clause in its document, in priority to any other creditors who subsequently have the clause in their documents. ----------------- Pemahaman saya atas ketentuan di atas adalah jika Peminjam Uang tidak membayar, maka Pemberi Pinjaman menganggap Peminjam Uang menyimpan uang milik Pemberi Pinjaman sebagai titipan. Karena berupa titipan, maka pemilik uang yang sebenarnya adalah Pemberi Pinjaman, dan bukan Peminjam Uang. Singkatnya, dalam kondisi apa pun uang pinjaman harus dikembalikan. Namun karena istilah ini tidak dikenal dalam sistem hukum Indonesia, maka saya menyarankan untuk tetap mencantumkan istilah asli bahasa Inggrisnya ditulis di dalam kurung. Reference: http://www.allens.com.au/pubs/baf/fobaf30oct09_01.htm |
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