German to English translations [PRO]
Bus/Financial - Finance (general) | | German term or phrase: Altfälle | Altfälle Berlin Firmenkunden:
Das Portfolio enthält Sanierungs- und Abwicklungsengagements aus dem Regionalgeschäft Berlin mit Firmenkunden, welches seit dem Jahr 2002 nicht mehr aktiv betrieben wird. Im Rahmen einer Umstrukturierung wurden diese Kunden aus technischen Gründen separiert und in einem Sonderportfolio zusammengefasst. |
| njbeckettKudoZ activityQuestions: 2578 ( 3 open) ( 1 without valid answers) ( 44 closed without grading) Answers: 42
Germany
| Local time: 04:11
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| | legacy exposures | Explanation:
...is typically used to identify loan exposures that a bank has on its books, but in hindsight, would love not to have entered into...
What often happens is that such legacy exposures are separated and then either hived off into a separate legal entity ("bad bank"), or sold to NPL investors such as Cerberus. |
| Selected response from:
 Ralf Lemster
Germany
Local time: 04:11
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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