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concernbetalingen

English translation: intra-group payments

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	concernbetalingen
English translation:	intra-group payments
Entered by:	Johan Venter

Options:
- Contribute to this entry
- Include in personal glossary

08:20 Feb 10, 2006

Dutch to English translations [PRO]
Bus/Financial - Finance (general)

Dutch term or phrase: concernbetalingen

I understand that **Concernbetaling** is where client A transfers money to the account of client B with both of them being clients of the same bank. I don't think they have to be clients of the same branch, however. I don't know what the correct term for this in English is and I'd rather get some help than take a guess.

TIA

Johan Venter KudoZ activity Questions: 144 (1 open) (2 without valid answers) (8 closed without grading) Answers: 421
Local time: 08:54

intercompany payments

Explanation:
intercompany payments is the general accounting term for this type of payment, whether the group (concern) is a bank or more general enterprise.

How to create an urgent/intercompany payment
... DBSoft. 1° Domestic urgent/intercompany payments 1.A The beneficiary’s bank is Deutsche
Bank AG (From 825/826 to 825/826) «Normal» utilisation of domestic ...
www.deutsche-bank.be/E_UrgInt.htm

Seagram 1999 Annual Report
... In addition, the Company hedges foreign currency risk on intercompany payments and
receipts through currency forwards, options and swaps which offset the ...
www.reportgallery.com/ work/seagram99/seagram99-AR45.html

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Note added at 24 mins (2006-02-10 08:44:53 GMT)
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Deborah is correct in the general banking context you describe -
she should submit these terms as an answer

Selected response from:

Dave Calderhead
Netherlands
Local time: 08:54

Grading comment

Thank you all. Jarry's peer comment seems to be spot on as concern is used in places in the document where it refers to a group.
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

intercompany payments

Dave Calderhead

3 +1

inter-branch/internal transfers (between clients/companies/businesses etc)

Lawyer-Linguist

Discussion entries: 2

Answers

22 mins confidence:

peer agreement (net): +1

intercompany payments

Dave Calderhead
Netherlands
Local time: 08:54
Specializes in field
Native speaker of:

English
PRO pts in category: 251

Grading comment

Thank you all. Jarry's peer comment seems to be spot on as concern is used in places in the document where it refers to a group.

37 mins confidence:

peer agreement (net): +1

inter-branch/internal transfers (between clients/companies/businesses etc)

Explanation:
Dave's right of course but if you need to emphasise the method of payment as it looks like you do from a banking perspective, I'd go for this.

Inter-branch if you know the clients are in different branches

Internal would cover both situations: within the same branch and more widely interpreted within the same bank.

If in doubt, I'd go for the second option.

Hope it helps
Debs

Lawyer-Linguist
Portugal
Local time: 07:54
Specializes in field
Native speaker of:

English
PRO pts in category: 57

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concernbetalingen

English translation: intra-group payments

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English translation: intra-group payments

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