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circular transactions

German translation: Ringgeschäfte

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:circular transactions
German translation:Ringgeschäfte
Entered by: EMatt
Options:
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18:37 Jul 21, 2005
English to German translations [PRO]
Bus/Financial - Finance (general) / banking
English term or phrase: circular transactions
Apparently these are illegal financing transactions. They may be related to back-to-back financing, although it is not certain from the context. The term is listed as part of an enumeration including wire transfers, interest payments, fees, penalties and charges.
EMatt
Local time: 08:18
Ringgeschäfte
Explanation:
*

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Note added at 55 mins (2005-07-21 19:32:52 GMT)
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http://www.handelsblatt.com/hbiwwwangebot/fn/relhbi/sfn/buil...

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Note added at 59 mins (2005-07-21 19:36:55 GMT)
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It means you have a certain \"ring\" of companies who sell and resell something between each other at agreed prices in order just to show artificial additional earnings and profit.

In English - \"window dressing\" - in German \"Bilanzkosmetik\".

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Note added at 1 hr 1 min (2005-07-21 19:39:18 GMT)
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Eine wichtige Rolle spielten Ringgeschäfte zwischen Delta, Citigroup und Enron, bei denen das Geld einmal im Kreis herumgeschickt wurde und Öl in der ...
Selected response from:

Steffen Pollex
Local time: 14:18
Grading comment
Thanks very much.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5RinggeschäfteSteffen Pollex


Discussion entries: 1





  

Answers


55 mins   confidence: Answerer confidence 5/5
Ringgeschäfte


Explanation:
*

--------------------------------------------------
Note added at 55 mins (2005-07-21 19:32:52 GMT)
--------------------------------------------------

http://www.handelsblatt.com/hbiwwwangebot/fn/relhbi/sfn/buil...

--------------------------------------------------
Note added at 59 mins (2005-07-21 19:36:55 GMT)
--------------------------------------------------

It means you have a certain \"ring\" of companies who sell and resell something between each other at agreed prices in order just to show artificial additional earnings and profit.

In English - \"window dressing\" - in German \"Bilanzkosmetik\".

--------------------------------------------------
Note added at 1 hr 1 min (2005-07-21 19:39:18 GMT)
--------------------------------------------------

Eine wichtige Rolle spielten Ringgeschäfte zwischen Delta, Citigroup und Enron, bei denen das Geld einmal im Kreis herumgeschickt wurde und Öl in der ...



    Reference: http://www.handelsblatt.com/hbiwwwangebot/fn/relhbi/sfn/buil...
Steffen Pollex
Local time: 14:18
Specializes in field
Native speaker of: Native in GermanGerman, Native in RussianRussian
PRO pts in category: 78
Grading comment
Thanks very much.
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