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English translation: first loss position

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13:49 Jun 27, 2007
German to English translations [PRO]
Bus/Financial - Finance (general) / Bank balance sheet
German term or phrase: Erstverlustpositionen
An item in a German bank's balance sheet.

Qualifizierte Beteiligungen & Abzug Erstverlustpositionen.

FYI and general background, other items in this section of the balance sheet are:
Beteiligungen nach xx BWG

Thank you for your help.
United Kingdom
Local time: 07:11
English translation:first loss position

is what Deutsche Bundesbank and others use
Selected response from:

Local time: 08:11
Grading comment
Thank you
4 KudoZ points were awarded for this answer

Summary of answers provided
3 +1first loss position



9 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
first loss position


is what Deutsche Bundesbank and others use

    Reference: http://www.bundesbank.de/download/volkswirtschaft/mba/2006/2...
    Reference: http://www.europeansecuritisation.com/pubs/Final_ESF_ISDA_Sy...
Local time: 08:11
Native speaker of: Native in GermanGerman
PRO pts in category: 22
Grading comment
Thank you

Peer comments on this answer (and responses from the answerer)
agree  Ralf Lemster: Also referred to as 'first loss piece', particularly in (synthetic) securitisation
19 mins
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