Glossary entry (derived from question below)
German term or phrase:
Ankauf von Akkreditivforderungen
English translation:
acquisition of L/C secured debts
Added to glossary by
Steffen Walter
Jun 3, 2008 12:24
15 yrs ago
1 viewer *
German term
Christine Andrews (X)
Ankauf Ihrer Akkreditivforderungen
German to English
Bus/Financial
Finance (general)
Letters of Credit
Taken from a bank's brochure describing its trade finance service offerings.
There is a list of 4 things:
Taking on country risk on behalf of the opening bank
Taking on country risk on behalf of you, the client
Making advances against documentary credits
Ankauf Ihrer Akkreditivforderungen
You in all of the above refers to the bank's customer
I have put "purchase of your payment obligations under documentary credits". I am not exactly sure what this transaction is ???
There is a list of 4 things:
Taking on country risk on behalf of the opening bank
Taking on country risk on behalf of you, the client
Making advances against documentary credits
Ankauf Ihrer Akkreditivforderungen
You in all of the above refers to the bank's customer
I have put "purchase of your payment obligations under documentary credits". I am not exactly sure what this transaction is ???
Proposed translations
(English)
| 4 +1 | Acquisition of L/C secured debts |
stanley lawson
|
| 4 +1 | factoring of your documentary credit liabilities |
Andres Larsen
|
| 3 | Factoring management of your letters of credit |
John Dale D.D.
|
Change log
Jun 17, 2008 14:01: Steffen Walter changed "Edited KOG entry" from "<a href="/profile/87183">Christine Andrews (X)'s</a> old entry - "Ankauf Ihrer Akkreditivforderungen "" to ""Acquisition of L/C secured debts""
Proposed translations
+1
18 mins
stanley lawson
Native in English
Specializes in field
Financial & Legal Translation Specialist
Native in: English
Works in: German to English, English
Related KudoZ points
:
4
Selected
Acquisition of L/C secured debts
The Bank is interested in acquiring debts due TO you, which are secured by Letter of Credit.
Note from asker:
| Of course, this makes much more sense. Thank you Stanley |
4 KudoZ points awarded for this answer.
Comment: "I have chosen this one but I think factoring would also be correct"
21 mins
Factoring management of your letters of credit
just a suggestion
+1
6 hrs
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English 
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
134
factoring of your documentary credit liabilities
factoring (purchase) of your (customer) documentary credit liabilities
Peer comment(s):
| agree |
Adrian MM. (X)
20 hrs
|
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