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Schuldnerin

English translation: debtor / liable party

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17:42 Dec 19, 2010
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Schuldnerin
"Die [Bank] ist grundsätzlich Schuldnerin des Fremdwährungskontos."
This is in a letter from a Swiss bank to a company opening a foreign currency account...
I'm not quite sure what they're getting at here. Do they just mean they underwrite any liabilities incurred by the account? The next sentence says that as it involves balances in foreign currencies, all exchange risks are borne by the client.
Thanks
wpwpwpwp
Local time: 07:52
English translation:debtor / liable party
Explanation:
see discussion entry
Selected response from:

784512
Germany
Local time: 07:52
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +2debtor / liable party784512


Discussion entries: 3





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
debtor / liable party


Explanation:
see discussion entry

784512
Germany
Local time: 07:52
Works in field
Native speaker of: English
PRO pts in category: 12
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Damian Brandt
14 days
  -> Thank you, Damian :-)

agree  Lancashireman
37 days
  -> Thank you, Andrew.
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