German: Diskontierung von LZB-90-Tage-WechselnEnglish translation: discounting of 90-day LZB (State/ Regional Cental Bank bills  KudoZ The KudoZ network provides a framework for translators ... More  |
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | German term or phrase: | Diskontierung von LZB-90-Tage-Wechseln | | English translation: | discounting of 90-day LZB (State/ Regional Cental Bank bills | | Entered by: | David Hollywood |
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German to English translations [PRO]
Bus/Financial - Investment / Securities / Banking/financial services | | German term or phrase: Diskontierung von LZB-90-Tage-Wechseln | Hello all!
This is from a bank prospectus, and its not something I've heard of. Then again, I'm not a finance specialist! The most I have been able to determine is that "LZ" is probably "Langzeit"! Can anyone help me out here?
"Des Weiteren empfehlen wir uns auch bei der Gewährung langfristiger Darlehen auf besicherter Basis, für die Diskontierung von LZB-90-Tage-Wechseln, sowie für die Anlage bei Geschäfts- und Spezialbanken."
Many thanks in advance! |
| | Clarification request(s) and responseHilary Davies (asker): 7:27am Oct 12, 2004: Hello! Sorry, I should have indicated that this was a historical text which called for the use of Landeszentralbank...
Ralf Lemster: 7:31am Oct 12, 2004: Yes, that would have been helpful... ;-)) -
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| | discounting of 90-day State Central Bank bills | Explanation:
All the other lenders sat on their hands until they knew the central bank’s decision
last week. Even though the 90-day bank bills fell below 5.3% after the ...
Landeszentralbank (State Central Bank) in Berlin und Brandenburg, Renewal and New
Building "Landeszentralbank (State Central Bank) Berlin/Brandenburg ...
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Note added at 23 mins (2004-10-07 17:59:13 GMT)
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... on appointing members of the new Bundesbank council and objecting to the demotion
of the nine state central banks--the Landeszentralbanken (LZB)--to mere ...
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Note added at 25 mins (2004-10-07 18:00:20 GMT)
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http://www.findarticles.com/p/articles/mi_m2633/is_3_16/ai_8...
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Note added at 43 mins (2004-10-07 18:18:57 GMT)
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good to stay with LZB as Robert suggests and maybe add (State Central Bank) by way of explanation
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Note added at 22 hrs 34 mins (2004-10-08 16:10:05 GMT)
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or \"Regional Central Bank\" as Terry says |
| Selected response from:
 David Hollywood
Argentina
| Note from asker to answererthanks to all who helped me with this one - it was much appreciated!
4 KudoZ points were awarded for this answer |
|
29 mins confidence:   |
| discounting of 90-day bills (of exchange) issued by the LZB
Explanation:
LZB=Landeszentralbank
I doubt LZ=Langzeit
There is a separate discount rate for 90-day bills
http://www.iii.co.uk/news/?type=afxnews&articleid=5084605&su...
The S&P/ASX 200 December futures contract was down 3.0 points at 3,676.0, while
the 10-year bond yield was down 0.020 at 5.410 pct and the 90-day bill yield was
up 0.038 at 5.392 pct.
http://www.notarkammer-hamm.de/seiten/fach/kammerreporte/KR_...
Von der LZB rediskontierte Wechsel
Während bei Anwendung des Wechselabkommens die erste Inkassostelle gem. Abschnitt II Nr. 1 zweiter Halbsatz Eigentümerin des Wechsels wird und regelmäßig auch bleibt und die in der Einzugskette nach-geschalteten Institute die erforderlichen Handlungen - d. h. insbesondere die Erhebung des Wechselprotestes - im Namen und in Vollmacht der ersten Inkassostelle vornehmen (Abschnitt II Nr. 2 des Wechselabkommens), werden die vom wechselankaufenden
Kreditinstitut an die Deutsche Bundesbank rediskontierten Wechsel gem. Abschnitt V Nr. 11 AGB-Bundesbank durch Vollindossament an die Bundesbank indossiert, so daß diese Eigentümerin des Wechsels wird. Ein etwaiger Protest kann daher in einem solchen Falle von der Domizilstelle nicht als Vertreterin der ersten Inkassostelle, sondern nur als Vertreterin der Bundesbank vorgenommen werden.
| Robert Schlarb
Austria
Native speaker of:  English, German
PRO pts in category: 2
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