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Retrozession

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03:07 Dec 21, 2000
German to English translations [PRO]
Bus/Financial
German term or phrase: Retrozession
A bank pays an asset management company Retrozessionen on customer assets transferred to the bank. It is paid as a % on brokerage, management, administration.
By the way, the text is in Swiss German.
It sounds like a commission but I wondered if there was a more specific term.
Jayne White
Local time: 09:43


Summary of answers provided
na +1retrocession
Evert DELOOF-SYS
na +1retrocessions
Sabine Cane


  

Answers


6 mins peer agreement (net): +1
retrocessions


Explanation:
Retrozessionen (Rueck-Rueckversicherung) - retrocessions


    Dietl/Lorenz Dict. of legal, commercial + political terms
Sabine Cane
Local time: 09:43
PRO pts in pair: 66

Peer comments on this answer (and responses from the answerer)
agree  Roland Grefer
242 days
Login to enter a peer comment (or grade)

36 mins peer agreement (net): +1
retrocession


Explanation:
Retrozession = retrocession in English

Eurodicautom cites similar translations for the translation of 'Retrozession' into Portuguese, Italian, Dutch, Italian, Spanish, English etc

http://eurodic.ip.lu:8086

On
www.amconsulting.ch/english_swissam.htm,a Swiss site, you'll find the following excellent sample:

'...Most independent asset managers work together with banks and receive a RETROCESSION for their advisory work...'


HTH

Evert DELOOF-SYS
Belgium
Local time: 10:43
Native speaker of: Native in DutchDutch, Native in FlemishFlemish
PRO pts in pair: 148

Peer comments on this answer (and responses from the answerer)
agree  Roland Grefer
242 days
Login to enter a peer comment (or grade)




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