Glossary entry

German term or phrase:

Millionenkreditmeldung

English translation:

GroMiKV Report / Large Exposure Report (under the German Banking Act)

Added to glossary by Ted Wozniak
May 23, 2008 12:30
15 yrs ago
2 viewers *
German term

Millionenkreditmeldung

German to English Bus/Financial Finance (general)
The meaning of the term is the requirement to report loans above a certain limit; I am wondering, however, if someone has found a less unwiedly way to say this that 'million loan report/notification'.
Change log

May 30, 2008 15:32: Ted Wozniak Created KOG entry

Proposed translations

+1
42 mins
Selected

GroMiKV Report / Large Exposure Report (under the German Banking Act)

Is one option since the reporting requirement is a result of the GroMiKV (Verordnung über die Erfassung, Bemessung, Gewichtung und Anzeige von Krediten im Bereich der Grosskredit- und Millionen kreditvorschriften des KWG (Grosskredit- und Millionenkredit verordnung) Regulation on the recording, measuring, weighting and reporting of loans pursuant to the provisions of the Banking Act concerning large exposures and loans of three million Deutsche Marks or more (Large Exposures and Multimillion Loan Regulation)
Peer comment(s):

agree silviya stoimenova (X)
9 mins
neutral wfarkas (X) : Provided the reporting requirement is specific to loan exposure reporting within the scope of GroMiKV.
3 days 3 hrs
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4 KudoZ points awarded for this answer. Comment: "Many thanks"
2 days 3 hrs

LCE Reporting

See CEBS Final Report - April 2006
Supervisory Stock Take on Large Exposures

LCE stands for Large Credit Exposures, which is a sub-category of LE (= Large Exposures)
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