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حسابات للذكر

English translation: Off-balance sheet items

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07:17 Nov 10, 2010
Arabic to English translations [PRO]
Bus/Financial - Accounting
Arabic term or phrase: حسابات للذكر
Hi all, i am translating a balance sheet manual in which it contains definitions of balance sheet accounts. however i did not find the English term for this account ( حسابات للذكر ). i came across it twice:

----
حسابات خارج الميزانية تتضمن الأتي:

1- التزامات محتملة
2- الضمانات المستلمة / موجودات محتملة القبض
3- التعامل بالمشتقات المالية
4- حسابات للذكر
----

حسابات للذكر: يتضمن هذا الحساب جميع العمليات التي يقوم بها المصرف فيها بدور الوسيط دون ان يترتب عليه اية مخاطر ائتمانية او مخاطر سوق، كما يتضمناية معلومات تفصيلية قد يتطلب المصرف الافصاح عنها
-----

i think it is either a Lebanese or Syrian term. any one from Lebanon or Syria?

what is حسابات للذكر in English? thanks!
Haitem
English translation:Off-balance sheet items
Explanation:
(this is a corrected version of my previous answer!)

In this financial statement by the Syrian-Commercial Development Bank, the Arabic حسابات للذكر / خارج الميزانية is rendered in English as "Off-balance shrrt items" (shrrt typo for sheet), which, I realise, is the term for حسابات خارج الميزانية but it seems to be one and the same thing.

Arabic page: http://www.slcb.com.lb/Arabic/financial-statement.html
English page: http://www.slcb.com.lb/financial-statement.html


Off-balance sheet items:
Obligations that are contingent liabilities of a bank, and thus do not appear on its balance sheet. In general, off-balance sheet items include the following: direct credit substitutes in which a bank substitutes its own credit for a third party, including standby letters of credit; irrevocable letters of credit that guarantee repayment of commercial paper or tax-exempt securities; risk participations in bankers' acceptances; sale and repurchase agreements; and asset sales with recourse against the seller; interest rate swaps; interest rate options and currency options, and so on.
http://www.answers.com/topic/off-balance-sheet-items



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Note added at 2 hrs (2010-11-10 09:50:54 GMT)
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As in my first answer, I managed to mis-write the Bank's name!!! Of course it's Syrian-Lebanese Commercial Bank!
Selected response from:

Nesrin
Local time: 21:04
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +4Off-balance sheet items
Nesrin


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
Off-balance sheet items


Explanation:
(this is a corrected version of my previous answer!)

In this financial statement by the Syrian-Commercial Development Bank, the Arabic حسابات للذكر / خارج الميزانية is rendered in English as "Off-balance shrrt items" (shrrt typo for sheet), which, I realise, is the term for حسابات خارج الميزانية but it seems to be one and the same thing.

Arabic page: http://www.slcb.com.lb/Arabic/financial-statement.html
English page: http://www.slcb.com.lb/financial-statement.html


Off-balance sheet items:
Obligations that are contingent liabilities of a bank, and thus do not appear on its balance sheet. In general, off-balance sheet items include the following: direct credit substitutes in which a bank substitutes its own credit for a third party, including standby letters of credit; irrevocable letters of credit that guarantee repayment of commercial paper or tax-exempt securities; risk participations in bankers' acceptances; sale and repurchase agreements; and asset sales with recourse against the seller; interest rate swaps; interest rate options and currency options, and so on.
http://www.answers.com/topic/off-balance-sheet-items



--------------------------------------------------
Note added at 2 hrs (2010-11-10 09:50:54 GMT)
--------------------------------------------------

As in my first answer, I managed to mis-write the Bank's name!!! Of course it's Syrian-Lebanese Commercial Bank!

Nesrin
Local time: 21:04
Works in field
Native speaker of: Arabic
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Sam21: Found the same reference too, yet didn't have time to support my answer!
22 mins
  -> I got there first :-D - Thanks! :-)

agree  Amira A Wahab
42 mins

agree  Nadia Ayoub
2 hrs

agree  Awadh Balaish
1 day4 hrs
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