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fixatie

English translation: value date / dating (with serious reservations: see context)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	fixatie
English translation:	value date / dating (with serious reservations: see context)
Entered by:	xxxjarry

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19:16 Jan 21, 2008

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

Dutch term or phrase: fixatie

This is part of a doc. explaining how a computer system for a bank calculates what interest/fees/costs to debit/credit to/from an account. Fixatie seems to be contrasted with a fusie (=merger ?)
*****************************
Fusie en fixatie
Een [overeenkomst] kan een deel van de maand bij het ene kantoor hebben gezeten en na een fixatie een deel van de maand bij een ander kantoor. ...........
Bij een fusie geldt dat alle betreffende BBO’s [=basisbetaalovereenkomst] en GAO’s [= groepsafrekenovereenkomst] over gaan naar het nieuwe leidende kantoor.
GAO kunnen niet fixeren. Bij een fixatie wordt de oude GAO afgesloten en wordt bij het nieuwe kantoor een nieuwe GAO geopend.
***********************************
Any ideas?

Brian Moses KudoZ activity Questions: 85 (5 open) (3 without valid answers) (7 closed without grading) Answers: 2
Local time: 07:56

value date / dating

Explanation:
As inspired by L.J.WvL :-)

Value date: The date the transfer entry to an account is considered effective; either the day the instruction is received or some future date as stipulated by the originator. Seehttp://www.atis.org/tg2k/_value_date.html

Value dating: When value or credit is given for funds transferred between banks. See http://financial-dictionary.thefreedictionary.com/Value dati...

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Note added at 21 hrs (2008-01-22 17:10:19 GMT)
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That bit about "Banken houden klanten gevangen" reminds me of the term 'captive' as applied to insurance companies.
See http://www.coverageglossary.com/explanations/captive.htm

DEFINITION OF CAPTIVE INSURANCE COMPANY
A captive insurance company is an insurance company that has been set up to provide coverage at a lower cost than available by going through the general insurance market. The company's stock is controlled by one interest or a group of related interests so as to provide coverage for their business operations. A captive insurance company may be a nonadmitted, nonresident, or foreign insurer. Sometimes it may provide reinsurance to a self-insure or a domestic company.

Selected response from:

xxxjarry
South Africa
Local time: 08:56

Grading comment

Thanks for the discussion Jarry.
2 KudoZ points were awarded for this answer

Summary of answers provided

value date / dating

xxxjarry

cut-off (date)

L.J.Wessel van Leeuwen

Discussion entries: 1

Answers

9 hrs confidence:

cut-off (date)

Explanation:
The branches appear to share revenues. This applies after a cut off date.
Stupid? maybe but that is what I think. Good luck!

L.J.Wessel van Leeuwen
South Africa
Local time: 08:56
Specializes in field
Native speaker of:

English,

Dutch
PRO pts in category: 18

19 hrs confidence:

value date / dating

xxxjarry
South Africa
Local time: 08:56
Specializes in field
Native speaker of: English
PRO pts in category: 353

Grading comment

Thanks for the discussion Jarry.

Notes to answerer

Asker: Thanks Jarry ... but, how does this tie up with the end of the passage I quote above - "GAO kunnen niet fixeren. Bij een fixatie wordt de oude GAO afgesloten en wordt bij het nieuwe kantoor een nieuwe GAO geopend"? This seems to suggest that in some way the GAO (= cash pool, apparently) is closed in one branch and opened in another when this 'fixatie' takes place.

Asker: Ah! I have found what may be a relevant Google. "De overstapservice is een niet klantvriendelijk product, wat door de banken als doekje voor het bloeden wordt gebruikt. In de jaren 80 heb, als medewerker van een bank, regelmatig rekeningnummers van Rabo's ABN; NMB en AMRO, overgehaald naar de Bondsspaarbank. Fixatie heette dat toen, maar dat zijn de banken blijkbaar vergeten" This is in http://www.depers.nl/economie/71911/Banken-houden-klanten-gevangen.html the document I am translating is indeed from Rabobank. So it seems here to be used for some sort of service to transfer accounts. (overstapservice).

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Changes made by editors

Jan 26, 2008 - Changes made by xxxjarry:
Created KOG entry	KudoZ term => KOG term

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fixatie

English translation: value date / dating (with serious reservations: see context)

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English translation: value date / dating (with serious reservations: see context)

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