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SNBC (in this context)

English translation: National System of Electronic Settlement


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15:35 Dec 8, 2006
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: SNBC (in this context)
I have only been able to find Sun Bancorp, Strengthening Neighbourhood and Building Communities or Sunset Neighbourhood Beacon Cenre for the acronym, but none of these seems relevant here, especially in view of what precedes SNBC in this text:

"El Grupo XXXXX no utiliza cuentas de corresponsales en España. Todas las transacciones en euros se canalizan a través de la cuenta del Banco de ZZZZZZ. (OMF´s, OMT´s CCI, SNBC) El control de estas transacciones se realiza a través de la herramienta informática diariamente, prestando especial atención a aquellas operaciones en las que intervengan zonas de riesgo."

Amy help greatly appreciated.
Paul Stevens
Local time: 18:07
English translation:National System of Electronic Settlement
Explanation:
http://www.comfia.info/noticias/11998.html
The news article in this link, when talking about the Bank of Spain, mixes SNCE (Sistema Nacional de Compensación Electrónica) and SNBC; so maybe there's some confusion over an acronym for what appears to be the national system for electronic settlement for banking in Spain.
Just an idea!
Selected response from:

Alison Davey
Local time: 19:07
Grading comment
I suspect that you may well be right about this - SNBC could well be a typo for SNCE.

Many thanks.
3 KudoZ points were awarded for this answer



Summary of answers provided
3 +1SUN BANCORP INC NJDavid Brown
3Compañia Ferroviaria Belga
Fernanda Díaz
2National System of Electronic Settlement
Alison Davey


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
SUN BANCORP INC NJ


Explanation:
It seems so obvious, perhaps I have missed something

SNBC: Profile for SUN BANCORP INC NJ - Yahoo! Finance- [ Traduzca esta página ]See the company profile for SUN BANCORP INC NJ (SNBC) including business summary, ... provides consumer and business banking services in the United States. ...
finance.yahoo.com/q/pr?s=SNBC - 26k


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Note added at 1 hr (2006-12-08 16:54:50 GMT)
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Sorry, I didn't read your suggestions.
Shopping NBC

David Brown
Local time: 19:07
Native speaker of: Native in EnglishEnglish
PRO pts in category: 117

Peer comments on this answer (and responses from the answerer)
agree  Maureen Wilkins: Agree Sun Bancorp seems to be the most likely. OMF is a Bank of Spain transfer.
3 hrs
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Compañia Ferroviaria Belga


Explanation:
I've bee looking for this for a long time and I found that SNBC aslo stands for "Sociedad Nacional de Ferrocarriles Belgas"

I hope to be of help. Good luck


    Reference: http://216.239.51.104/search?q=cache:rWSO_47CXvMJ:www.eesc.e...
    Reference: http://forums.inter-rail.org/index.php?showtopic=6539&st=15
Fernanda Díaz
Argentina
Local time: 15:07
Works in field
Native speaker of: Spanish
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6 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
National System of Electronic Settlement


Explanation:
http://www.comfia.info/noticias/11998.html
The news article in this link, when talking about the Bank of Spain, mixes SNCE (Sistema Nacional de Compensación Electrónica) and SNBC; so maybe there's some confusion over an acronym for what appears to be the national system for electronic settlement for banking in Spain.
Just an idea!


Alison Davey
Local time: 19:07
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 3
Grading comment
I suspect that you may well be right about this - SNBC could well be a typo for SNCE.

Many thanks.
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