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German to English translations [PRO]
Bus/Financial - Finance (general) / Letters of Credit | | German term or phrase: Ankauf Ihrer Akkreditivforderungen | Taken from a bank's brochure describing its trade finance service offerings.
There is a list of 4 things:
Taking on country risk on behalf of the opening bank
Taking on country risk on behalf of you, the client
Making advances against documentary credits
Ankauf Ihrer Akkreditivforderungen
You in all of the above refers to the bank's customer
I have put "purchase of your payment obligations under documentary credits". I am not exactly sure what this transaction is ??? |
| | | Selected response from:
 stanley lawson
Local time: 01:46
| Grading comment I have chosen this one but I think factoring would also be correct
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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| Changes made by editors |
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| Jun 17, 2008 - Changes made by Steffen Walter: | | Edited KOG entry | Christine Andrews's old entry - "Ankauf Ihrer Akkreditivforderungen " => "Acquisition of L/C secured debts" |
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