English translation: disposals affecting the bank's portfolio
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German to English translations [PRO] Bus/Financial - Finance (general) / banking
German term or phrase:Dispositionen gegen Bankbestand
Hope someone has come across this or can make sense of it...
***Dispositionen gegen Bankbestand:***
Mitarbeiter-Wertpapiergeschaefte duerfen gegen den Bestand des Kreditinstituts oder gegen Auftraege von Kunden nur mit Zustimmung des Compliance-Officer abgeschlossen werden.
Do you trade "against the bank's portfolio"? Cannot find any reference to this....
Explanation: Your assumption was correct - I just wouldn't use "portfolio" here, as this refers to any position held by the bank.
The purpose of this restriction is to prevent employees who have control over the bank's positions (usually traders) to give themselves (or friends/colleagues) preferential prices for their personal trades.
Ralf Lemster Germany Local time: 11:14 Specializes in field Native speaker of: German PRO pts in category: 751