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subdepositarie

English translation: Sub-custodians

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:subdepositarie
English translation:Sub-custodians
Entered by: antster
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11:11 Apr 2, 2008
Italian to English translations [PRO]
Bus/Financial - Accounting / Pension fund
Italian term or phrase: subdepositarie
Here it is in context:
devono essere considerate le festività /chiusure dei mercati di riferimento, delle subdepositarie e dei sistemi di pagamento adottati.
I'm looking for a UK English equivalent. Does it mean bank/building society?

Any ideas greatly appreciated:)
antster
United Kingdom
Local time: 17:01
Sub-custodians
Explanation:
Usually they are banks that carry out clearing and settlement functions locally on behalf of funds or othe rinvestment firms.
Selected response from:

Silvestro De Falco
Local time: 18:01
Grading comment
Thanks - this fits in nicely as the text discusses custodian banks a lot.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5Sub-custodians
Silvestro De Falco


  

Answers


6 mins   confidence: Answerer confidence 5/5
Sub-custodians


Explanation:
Usually they are banks that carry out clearing and settlement functions locally on behalf of funds or othe rinvestment firms.

Silvestro De Falco
Local time: 18:01
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 16
Grading comment
Thanks - this fits in nicely as the text discusses custodian banks a lot.
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