GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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16:40 Jan 3, 2002 |
German to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Ralf Lemster Germany Local time: 11:01 | ||||||
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Summary of answers provided | ||||
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4 | settlement of balance |
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4 | settlement of fractional amounts |
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3 | surplus settlement |
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settlement of balance Explanation: See Eurodicautom -------------------------------------------------- Note added at 2002-01-03 17:00:34 (GMT) -------------------------------------------------- or, The balance will be settled ... |
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settlement of fractional amounts Explanation: "Fractional amounts are subsequently settled in cash, based on the [equivalent] value of the cash offer." This refers to the treatment of non-integer parts (I suspect portions of shares), which are frequently the result of a certain ratio set. HTH - Ralf Own professional experience in the financial markets |
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surplus settlement Explanation: There's not much context, so I am not certain, but it sounds like the payment of overage amounts in cash, which would be 'surplus settlement.' Eurodicautom and some others also claim 'clearance transfer' is an option, but that would be more generic. Reference: http://www.linguadict.de Reference: http://europa.eu.int/eurodicautom/ |
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