Glossary entry

German term or phrase:

Lagerstelle

English translation:

safekeeping location or place of safekeeping

Added to glossary by Martin Wenzel
Aug 25, 2007 08:54
17 yrs ago
5 viewers *
German term

Lagerstelle

German to English Marketing Economics internet platforms
This term appears in the following list, but I am not sure what exactly is meant here...

As I said before it relates to "trading in securities"
• Demographic data
• Roles
• Customer
I have translated it up to here, the part that follows I haven't done yet
• Lagerstelle
• Kontrahent
• Makler
• Emittent
• Vermittler

Discussion

Kcda Aug 25, 2007:
When you buy securities through an investment agency they have to physically keep the securities bought! Most people do not know this! I think they are refering to that storage space. Brokers keep securities on behalf of the client.

Proposed translations

6 hrs
Selected

safekeeping location or place of safekeeping

Guidance from Hamblock/Wessells
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4 KudoZ points awarded for this answer. Comment: "Thank you, Fred."
2 hrs

safe custody of securities

Ich bin mir nicht ganz sicher, ob der Ausdruck 100% passt - aber wie Kcda schon anmerkte: die Wertpapiere müssen physisch irgendwo aufbewahrt werden, und das bezeichnet man üblicherweise als "safe custody".
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