anticipo sbf con incassi canalizzati

15:39 Oct 14, 2018
Italian to English translations [PRO]
Law/Patents - Finance (general) / Letter of Patronage
Italian term or phrase: anticipo sbf con incassi canalizzati
I'm absolutely at sea here with this Letter of Patronage (yes, my fault, hurriedly agreeing to a text I hadn't seen!). If anyone can help explain to me what this means in context I'd be most grateful. Full text here:

"Siamo a conoscenza che avete accordato alla Società X:

la linea di credito dell’importo complessivo massimo di Euro 500.000,00 con validità sino a revoca
regolata sul conto corrente nr. 13660 sino a revoca, utilizzabile come promiscua fra:

EURO 350.000,000 ANTICIPO SBF RICEVUTE
EURO 250.000,000 ANTICIPO SBF CON INCASSI CANALIZZATI...."
Nancy Bee
United Kingdom
Local time: 00:13


Summary of answers provided
3 +1advance subject to payment in due course with revenue/payment/.....
Laurence Fogarty


  

Answers


20 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
advance subject to payment in due course with revenue/payment/.....


Explanation:
'sbf' stands for 'salvo buon fine' which can be given as 'subject to payment in due course', at least according to a Proz glossary entry - see below. The word 'canalizzati' is a bit more difficult without the words which follow that put it in context. It could mean 'sent' - also according to Proz glossary (see below 2) - or perhaps 'deposited' for example.


    https://www.proz.com/kudoz/italian-to-english/accounting/5521907-salvo-buon-fine.html
    https://www.proz.com/kudoz/italian-to-english/finance-general/3960616-canalizzato-su-banca-in-anagrafica.html
Laurence Fogarty
Italy
Local time: 01:13
Native speaker of: Native in EnglishEnglish
PRO pts in category: 7

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
1 hr
  -> Molto grazie Peter
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