freihändige Geschäfte

English translation: private contracts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

German term or phrase:	freihändige Geschäfte
English translation:	private contracts
Entered by:	zhdim

15:39 Dec 21, 2003

German to English translations [PRO]
Bus/Financial / collective investment

German term or phrase: freihändige Geschäfte

Can anyone help me with this from a fund prospectus?

Zum gleichen Zweck kann die Verwaltungsgesellschaft auch Kaufoptionen verkaufen und Verkaufsoptionen kaufen, oder Tauschgeschäfte von Zinssätzen ***im Rahmen der freihändigen Geschäfte*** vornehmen, die mit auf diese Geschäftsart spezialisierte Finanzeinrichtungen erster Ordnung getätigt werden.

Duden has for freihändig: 3. (Amtsspr.) ohne öffentliche Versteigerung od. Ausschreibung; unter der Hand getätigt: ein -er Verkauf.

Is that what is meant here? Just that it is not bought on the open market or put out for bid?

Is this a possible translation of the middle part of the sentence?

...or it may also engage in private interest-rate swaps with financial institutions...

As always, any and all help appreciated.

And source is German from Luxembourg, target is British English.

zhdim

private contracts / open-market contracts

Explanation:
I'm not sure ... maybe one of our finance specialists will answer ... but for now, here's what Langenscheidt says:

freihändig adj <Geschäft > by private contract, in the open market

freihändige Angebotsabgabe f <V&M> tender by private contract

freihändiger Verkauf m <Grund> sale by private treaty

Selected response from:

NGK
United States
Local time: 21:36

Grading comment

Thanks, Norbert. I'm going with what I found in an English prospectus "by private agreement", but you were here first, so points to you. Thanks, too, to Armorel.
4 KudoZ points were awarded for this answer

Summary of answers provided

private sales

Armorel Young

private contracts / open-market contracts

NGK

Discussion entries: 2

Answers

4 mins confidence:

freihändige Geschäfte

private contracts / open-market contracts

NGK
United States
Local time: 21:36
Native speaker of:

English,

German
PRO pts in pair: 2954

Grading comment

Thanks, Norbert. I'm going with what I found in an English prospectus "by private agreement", but you were here first, so points to you. Thanks, too, to Armorel.

2 hrs confidence:

private sales

Explanation:
My legal dictionary gives "private sale" for "freihändiger Verkauf", and "by private contract (not by public auction or tender)" for freihändig. Looking at the Google refs., the contrast does seem almost always to be with auctions, which supports your Duden definition.

Armorel Young
Local time: 03:36
Native speaker of: English
PRO pts in pair: 4700

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English translation: private contracts

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