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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.