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Stammdepot

English translation: master securities account

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Stammdepot
English translation:master securities account
Entered by: matias
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09:58 Jan 22, 2004
German to English translations [PRO]
Bus/Financial
German term or phrase: Stammdepot
In securities management. A certain number of "Stammdepots" have been transferred from another bank.
Mandy Williams
Local time: 03:44
Root/Master Securities Account
Explanation:
If the word is about "securities", it means Root/Master Securities Account.

Look at the link below, it states that:

"Bei dem ersten Fondskauf wird das Stammdepot durch Union Investment eröffnet. Innerhalb dieses Depots wird jeder Fonds in einem Unterdepot aufbewahrt. "

So under this "Master/Root Acount", the customer will open one "Unterdepot" (which means a Sub-account) for each fund he subscribes.
Selected response from:

matias
Grading comment
Thanks Matias,
My client's explanation matched yours but I didn't get any Google hits so, although I think "master securities account" is understandable, it doesn't seem to be common usage.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4Root/Master Securities Accountmatias


  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Root/Master Securities Account


Explanation:
If the word is about "securities", it means Root/Master Securities Account.

Look at the link below, it states that:

"Bei dem ersten Fondskauf wird das Stammdepot durch Union Investment eröffnet. Innerhalb dieses Depots wird jeder Fonds in einem Unterdepot aufbewahrt. "

So under this "Master/Root Acount", the customer will open one "Unterdepot" (which means a Sub-account) for each fund he subscribes.


    Reference: http://www.vr-networld.de/gwm5/webdbs/xct900.nsf/(WWWFrame)/...
matias
PRO pts in pair: 25
Grading comment
Thanks Matias,
My client's explanation matched yours but I didn't get any Google hits so, although I think "master securities account" is understandable, it doesn't seem to be common usage.
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