Auffanggesellschaft
English translation: safety net (organisation)
| 12:51 Mar 24, 2003 |
| German to English translations [PRO] Bus/Financial - Law (general) | |||||||
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|  Selected response from: Nicole Tata United Kingdom Local time: 20:09 | ||||||
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| Summary of answers provided | ||||
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| 4 +3 | safety net (organisation) |
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| 5 +1 | "Rescue company" |
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| 4 | trust fund |
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| 4 | back-up organization |
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| 4 | recipient company |
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| 4 | bailout company |
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| 1 | support company |
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Answers
14 mins confidence: 
support company Explanation: or interceding company |
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15 mins confidence: peer agreement (net): +1
peer agreement (net): +1"Rescue company" Explanation: I found two websites so far that call it a rescue company: The large banks are founding a rescue company ("Auffanggesellschaft") which will take over the Schmidt family's majority holding in the institution. Subsequently, the SchmidtBank will be restructured. For the time being, the bank will operate as usual. The cause of the private bank's problems is the need for a large value-correction for its subsidiary, Consors. -------------------------------------------------- Note added at 2003-03-24 13:12:05 (GMT) -------------------------------------------------- Swiss Bankers Assoc. also calls it a rescue company: http://www.swissbanking.org/en/home/medienmitteilungen-04090... Reference: http://216.239.33.100/search?q=cache:5sFFExERPakC:www.mathem... |
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17 mins confidence:
trust fund Explanation: I would say rather than re-insurance co. |
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45 mins confidence: peer agreement (net): +3
peer agreement (net): +3safety net (organisation) Explanation: is what I found. Relevant examples: Since then, the Life Insurance Policyholders Protection Corp., the industry's safety net organization, has been looking for a company to take over the policies ... www.jei.org/Archive/BR00/364x/364_USinJ_FinSvc.html John Monks and Michael Clapham MP will be approaching the Association of British Insurers to press for an insurance industry safety net, and Treasury ... www.etuc.org/tutb/uk/pdf/tuc-compensation.pdf - Whatever form it takes, a safety net organisation should be established to pick up the Maxwells of the future to prevent pensioners falling on hard times. ... www.parliament.the-stationery-office.co.uk/pa/ cm199293/cmhansrd/1993-07-08/Debate-3.htm hope it helps |
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