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|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.
|private contracts / open-market contracts|
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:
Local time: 11:47
|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
2 hrs confidence:
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.
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