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compensating balances (in this context)

German translation: Ausgleichssalden

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:compensating balances
German translation:Ausgleichssalden
Entered by: Ute Wietfeld

08:36 Jul 16, 2002
English to German translations [PRO]
Bus/Financial - Finance (general) / banking
English term or phrase: compensating balances (in this context)
Any help with the following sentence would be greatly appreciated: "Corporate service charges grew 11 percent due to higher fees paid in lieu of compensating balances as a result of a lower rate environment."
The "corporate service charges" are the fees charged by a bank to its corporate customers. Many thanks!
Ute Wietfeld
United Kingdom
Local time: 09:35
Ausgleichssalden
Explanation:
Typisch Banken...gleichen ihre Verluste durch die low interest environment (niederige Zinsen) durch andere Gebühren aus.
Selected response from:

Kathi Stock
United States
Local time: 03:35
Grading comment
Many thanks, that makes sense. Regards, Ute
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +1Ausgleichssalden
Kathi Stock


  

Answers


8 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
Ausgleichssalden


Explanation:
Typisch Banken...gleichen ihre Verluste durch die low interest environment (niederige Zinsen) durch andere Gebühren aus.

Kathi Stock
United States
Local time: 03:35
Works in field
Native speaker of: German
PRO pts in category: 29
Grading comment
Many thanks, that makes sense. Regards, Ute

Peer comments on this answer (and responses from the answerer)
agree  stefana
4 days
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