Diskontueberleitungsgesetz
English translation: Discount Bridging Act
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 17:21 Mar 31, 2001 |
| German to English translations [PRO] Law/Patents - Business/Commerce (general) | |||||||
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|  Selected response from: Marcus Malabad Canada | ||||||
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| Summary of answers provided | ||||
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| na | Discount Transference Act |
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| na | Discount Rate Transition Act |
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Answers
47 mins
Discount Transference Act Explanation: Here's a link to "Diskontsatz-Überleitungsgesetz" http://www.uni-oldenburg.de/~markobr/info_DUeG.html As you can see from the links below, the whole phrase is a standard clause in contracts relating to payment default. http://www.karlsruhe.de/Stadt/Ver/CA/agb.htm http://www.ihk-nuernberg.de/thema/euro/euro6.htm |
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4 hrs
Discount Rate Transition Act Explanation: Yes, it is standard language in such contracts now, but "Überleitung" refers to the transition from the Bundesbank-set discount rate to substitute method for determining a new reference rate - made necessary by the shift of control over monetary policy to the Eur. Central Bank. Reference: http://www.bundesbank.de/en/presse/faq/diskont.htm Reference: http://www.westlb.com/euro/ewu840.htm |
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