| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | German term or phrase: | Wertpapierrechnung | | English translation: | foreign securities depository | | Entered by: | Ksenia Akulova |
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German to English translations [PRO] Bus/Financial - Investment / Securities | | German term or phrase: Wertpapierrechnung | Zentrales Abwicklungssystem für Erträgnis- und Tilgungszahlungen für in Girosammelverwahrung
verwahrte sowie in Wertpapierrechnung gebuchte Wertpapiere ist die EuroEngine2. |
| Ksenia AkulovaKudoZ activityQuestions: 57 ( 4 open) ( 3 without valid answers) Answers: 0 United States
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| | foreign securities depository | Explanation: Special form of securities depository where the buyer or depositor only has a contractual claim on the return of equal, but not identical, securities. Foreign securities depositories are used, for example, for the safekeeping of securities abroad. The securities account holder receives a credit from his domestic bank for his securities acquired and deposited there. |
| Selected response from: M00nshine Local time: 04:56
| Grading comment | 4 KudoZ points were awarded for this answer |
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