German: BestandspflegeprovisionEnglish translation: sales credit (based on assets under management)  KudoZ The KudoZ network provides a framework for translators ... More  |
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | German term or phrase: | Bestandspflegeprovision | | English translation: | sales credit (based on assets under management) | | Entered by: | pschmitt |
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German to English translations [PRO]
Bus/Financial - Investment / Securities | | German term or phrase: Bestandspflegeprovision | From a text about Investment Plans:
Die Bestandspflegeprovision wird vierteljährlich ausgezahlt und wie folgt berechnet: ...
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| pschmittKudoZ activityQuestions: 55 (all closed) Answers: 1020
United Kingdom
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| | sales credit [based on assets under management] | Explanation:
Admittedly, that's a bit of a tricky one - this is not really a "commission" (i.e. a payment based on turnover), but more an indemnity paid to a sales force, in recognition of the fact that by introducing customers to investment plans or other forms of collective investment, the salespeople will lose transaction volume. (IOW the money invested in funds is no longer available for more short-term investments generating a higher commission.) Usually a "mine field" between sales and trading... ;-)
Don't hesitate to contact me if you need more background info. |
| Selected response from:
Ralf Lemster
Germany
| Note from asker to answererThanks again, Ralf, for the background information, which was really helpful.
Thanks to Cochrum as well.
Peter
4 KudoZ points were awarded for this answer |
|
18 mins confidence:  peer agreement (net): +1 |
| sales credit [based on assets under management]
Explanation:
Admittedly, that's a bit of a tricky one - this is not really a "commission" (i.e. a payment based on turnover), but more an indemnity paid to a sales force, in recognition of the fact that by introducing customers to investment plans or other forms of collective investment, the salespeople will lose transaction volume. (IOW the money invested in funds is no longer available for more short-term investments generating a higher commission.) Usually a "mine field" between sales and trading... ;-)
Don't hesitate to contact me if you need more background info.
Own experience as a financial markets trader
| Ralf Lemster
Germany
Specializes in field
Native speaker of:  German
PRO pts in category: 325
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| Note from asker to answererThanks again, Ralf, for the background information, which was really helpful.
Thanks to Cochrum as well.
Peter |
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19 mins confidence:  |
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The translation workplace 
