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Front

English translation: front office

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Front
English translation:front office
Entered by: Christine Andrews
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10:47 Nov 8, 2007
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Front
Context: Training course for bankers on how to calculate such things as EAD (exposure at default), LGD (loss given default), PD (probability of default) and EL (expected loss).

Trainees have to choose the correct statement out of a choice of 3 at the end to ensure they have understood. This is one iof the incorrect answers!

Die Totale EL (Expected Loss) der Bank XXX war im Jahr 2006 viel höher als die Kreditverluste. Daraus folgt, dass die EL falsch, d.h. im Jahr 2006 zu hoch, war. Darum wird diese im 2007 wieder ***an die Front zurückbezahlt***.

Could it mean repay to the frontline??
Christine Andrews
Local time: 12:26
front office
Explanation:
Market-/client facing departments, as opposed to the back office.
Selected response from:

Ralf Lemster
Germany
Local time: 13:26
Grading comment
Thank you Ralf for your instant reply!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +3front office
Ralf Lemster


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
front office


Explanation:
Market-/client facing departments, as opposed to the back office.

Ralf Lemster
Germany
Local time: 13:26
Specializes in field
Native speaker of: German
PRO pts in category: 751
Grading comment
Thank you Ralf for your instant reply!

Peer comments on this answer (and responses from the answerer)
agree  Mustafa Er (BSc MA): or credit and marketing dept. as opposed to the operations (back office)
10 mins

agree  Aniello Scognamiglio
1 hr

agree  Assem Mazloum:
2 hrs
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