KudoZ home » German to English » Finance (general)

Bundesrechtliche und Landesrechtliche Abwicklungsanstalten

20:49 Jul 6, 2009

German to English translations [PRO]
Bus/Financial - Finance (general)

German term or phrase: Bundesrechtliche und Landesrechtliche Abwicklungsanstalten

These terms refer to two of the types of bad bank models are being proposed by the German government.

'processing institutions' or simply 'bad banks at federal level or 'bad banks at state level'?????

Grateful for any suggestions

caitriona KudoZ activity Questions: 692 (7 open) (4 without valid answers) Answers: 5 United Kingdom
Local time: 01:28

Summary of answers provided
4 +1	national and state/Land bad banks	RobinB

Discussion entries: 11

RobinB

Incorrect on both counts, I think

21:58 Jul 8

Hi Caitriona, I think this is neither "winding-up" nor an "agency". But if your policy is "what the customer wants, the customer gets", I rather wonder why you didn't ask the customer in the first place. I must say that if I let my customers dictate the terminology I use, I'd have abandoned translation years ago. If we don't know the terminology better than our customers, then we're possibly in the wrong business. Aber nix für ungut...

caitriona

ASKER

20:16 Jul 7

Hi Steffen,
Actually I argues this point with my client, but "what the customer wants, the customer gets".

Regards, Caitriona

Steffen Walter

Germany

Is this really a winding-up process?

19:15 Jul 7

I doubt that "winding-up" is appropriate here because I'd rather associate this term with "Abwicklung (von Unternehmen)" (in the sense of dissolution/liquidation as part of bankruptcy proceedings or similar). Surely this is not meant here, isn't it?

caitriona

ASKER

15:53 Jul 7

Hi Robin, having discussed it with my client, we eventually agreed on winding-up agencies.

Regards, Caitriona

Steffen Walter

Germany

Answer

06:58 Jul 7

Hi Robin - why don't you post this as an answer?

RobinB

And "bad banks" is certainly a term you can use

21:51 Jul 6

Caitriona, see e.g.

http://www.forbes.com/feeds/afx/2009/07/01/afx6608282.html

so I think that "federal and state bad banks" are fine here. They're actually SPVs, of course, but that's getting more technical. Plus, they'll account under German GAAP, avoiding the need to market to market (they'l use a cost model).

The "Abwicklung" refers here to disposing of the toxic assets (i.e. repackaging them and finding some idiot who will buy them) rather than "processing".

RobinB

These are bad banks

21:27 Jul 6

Kim, I can assure you that these are the bad bank structures likely to be established in Germany.

Kim Metzger

Mexico

I mean

21:05 Jul 6

I don't see anything in your term: "Bundesrechtliche und Landesrechtliche Abwicklungsanstalten" that indicates bad banks.

Uta Kappler

United States

Bad banks and Abwicklungsanstalt

21:05 Jul 6

The suggested translations might work indeed (http://de.wikipedia.org/wiki/Bad_Bank). A lengthy German definition of Bundesrechtliche und Landesrechtliche Abwicklungsanstalten can be found here: http://www.umweltrecht.de/cgi-bin/parser/Drucksachen/druckne...

caitriona

ASKER

21:04 Jul 6

Hi Kim, it comes from a text written in relation to the Act on the Further Development of Financial Market Stability recently passed by the Bundestag. I'm not sure if it is a "made up" term.

regards, Caitriona

Kim Metzger

Mexico

Bad banks?

20:50 Jul 6

Where does that come from?

Answers

14 hrs confidence:

peer agreement (net): +1

national and state/Land bad banks

Explanation:
Following Steffen's suggestion, I'll give an answer for this so that at least it can get hard-wired into the system and avoid any wild goose chase if the term comes up again.

Check out:

http://www.forbes.com/feeds/afx/2009/07/01/afx6608282.html

so I think that "federal and state bad banks" are fine here. They're actually SPVs, of course, but that's getting more technical. Plus, they'll account under German GAAP, avoiding the need to mark to market (they'll use a cost model).

The "Abwicklung" refers here to disposing of the toxic assets (i.e. repackaging them and finding some idiot who will buy them - for an explanation of the problems involved, see Gillian Tett's article on securitisation in the July 6 edition of the FT, with a similar FTD report on July 7) rather than "processing", which isn't normally an appropriate translation in the field of finance: in the context of loans, for example, "Abwicklungen" is often used in the sense of "workouts".

RobinB
Germany
Local time: 02:28
Specializes in field
Native speaker of: