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payment in cleared funds

German translation: Zahlung in frei verfügbaren Mitteln

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:payment in cleared funds
German translation:Zahlung in frei verfügbaren Mitteln
Entered by: Olaf Reibedanz
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10:00 Nov 21, 2008
English to German translations [PRO]
Bus/Financial - Investment / Securities / Verkaufsprospekt/ Investmentfonds
English term or phrase: payment in cleared funds
Payment in respect of subscriptions must be received in cleared funds by 5.00 p.m. (Central European Time) on the third Business Day following the relevant Dealing Day or on such other day as the Directors may determine. If ***payment in cleared funds*** in respect of a subscription has not been received by the time specified above, any allotment of Shares made in respect of such application may be cancelled.

In the event of the ***non-clearance*** of subscription monies, any allotment in respect of an application shall be cancelled.


Wie genau ist das zu verstehen?
Olaf Reibedanz
Colombia
Local time: 14:10
Zahlung in frei verfügbaren Mitteln
Explanation:
Die Mittel können aus unterschiedlichen Gründen (bankübliche Valutatage, Bankfeiertage, Devisenbestimmungen, usw.) zum Stichtag nicht frei verfügbar sein, obwohl das Geld "eigentlich" schon überwiesen wurde.
Selected response from:

Hans G. Liepert
Switzerland
Local time: 21:10
Grading comment
Alles klar, danke!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +9Zahlung in frei verfügbaren Mitteln
Hans G. Liepert


  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +9
Zahlung in frei verfügbaren Mitteln


Explanation:
Die Mittel können aus unterschiedlichen Gründen (bankübliche Valutatage, Bankfeiertage, Devisenbestimmungen, usw.) zum Stichtag nicht frei verfügbar sein, obwohl das Geld "eigentlich" schon überwiesen wurde.

Hans G. Liepert
Switzerland
Local time: 21:10
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 912
Grading comment
Alles klar, danke!

Peer comments on this answer (and responses from the answerer)
agree  Nicole W.
10 mins
  -> danke

agree  Kristin Sobania
12 mins
  -> danke, Kristin

agree  Katja Schoone
16 mins
  -> danke, Katja

agree  LegalTrans D
17 mins
  -> danke, Volkmar

agree  Andrea Hauer
57 mins
  -> danke, Andrea

agree  Elisabeth Hippe-Heisler: Stimme zu. Etwa mittels "Banker's Draft" oder "CHAPS payment" (laut Auskunft eines "solicitor" mir gegenüber kürzlich), zumindest hier im UK.
1 hr
  -> danke - auch für den Hinweis

agree  Inge Meinzer
3 hrs
  -> Danke

agree  Steffen Walter
8 hrs
  -> Danke, Steffen

agree  Susanne Stöckl
102 days
  -> Danke
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Changes made by editors
Nov 25, 2008 - Changes made by Olaf Reibedanz:
Edited KOG entry<a href="/profile/45439">Olaf Reibedanz's</a> old entry - "payment in cleared funds" » "Zahlung in frei verfügbaren Mitteln"


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