Efeitos Domiciliados

English translation: automatic payments / drafts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Portuguese term or phrase:	efeitos domiciliados
English translation:	automatic payments / drafts
Entered by:	Margarita Palatnik (X)

03:46 Oct 11, 2004

Portuguese to English translations [PRO]
Bus/Financial - Finance (general) / banking services

Portuguese term or phrase: Efeitos Domiciliados

According to EURODICATOM, efeito is a bill of exchange. The doubts are about the domicliado part.
EURODICAUTOM says that domiciliação is "domicile of a bill", an address specially indicated on a bill of exchange or cheque by the drawer or drawee indicating where payment will be made when due.

http://www.derechocomercial.edu.uy/ClaseLetra04.htm (in Spanish):
En materia de letras, lo normal es que se pague en el domicilio del girado. La letra domiciliada es aquella que contiene la indicación de que el pago se efectuará en el domicilio de un tercero. Está previsto en el artículo 58. Queremos aclarar que cuando se dice que la letra va a ser pagada en el domicilio de un tercero, ello significa que el tercero ha de hacer el pago por cuenta del girado.

In a website of a Russian bank (http://www.ipotekabank.com/?id=1635) they mention "Domiciling of bills" which is translated into Russian as "Домициляция векселей". On a website of another Russian bank they explain that Домициляция – назначение плательщиком по векселю третьего лица - namely, that domiciliation means that the third person will pay the bill.

Is it possible to conclude from all this that Efeitos Domiciliados are bills of exchange that will be paid by the third person/party and Efeitos Não Domiciliados are bills of exchange that will be paid by the fist party and no third parties are involved?

I am seeking an explanation rather than translation. :)

Kunik KudoZ activity Questions: 164 (none open) (6 without valid answers) (3 closed without grading) Answers: 177
Local time: 11:38

automatic payments/drafts

Explanation:
I guess you weren't convinced by this answer, but I'll try again:

efeitos domiciliados in Portuguese (adeudos domiciliados in Spanish) are draft orders for automatic payments to be done on a regular basis.

So, you want to pay your rent (as in your specific example), you tell your bank to pay every month the same amount to the same account.

On the other side, if you are a business, you issue an order to collect the same amount of funds from a given account on X day every month, say, for health-club membership fees...

No domiciliados is when someone comes to the bank teller to pay a bill, in a non-automated process...

Selected response from:

Margarita Palatnik (X)
Local time: 06:38

Grading comment

I was not convinced as regards the particular context, but nevertheless the aswer was very helpful. Thank you very much, Margarita!
2 KudoZ points were awarded for this answer

Summary of answers provided

automatic payments/drafts

Margarita Palatnik (X)

Discussion entries: 3

Non-ProZ.com

08:54 Oct 11, 2004

I forgot to mention that there is a footnote regarding the item "Apresenta��o a Protesto"- 2) - Acresce despesas de Not�rio: � xx,xx + IVA
AS far as I know (which is little), when you want to protest a bill of exchange, you must go to a notary, but if you "protest" an automatic payment, is it a must to visit a notary? I totally agree that "efeitos" is very general, actually way too general in this case. :/

Margarita Palatnik (X)

well, "efeitos" are "instruments" and "bills of exchange" in Portuguese are "letras de c�mbio". You can even find ""letras de c�mbio domiciliadas" but the fact remains that "efeitos" is a very general term, and "bills of exchange is very specific"

08:44 Oct 11, 2004

Non-ProZ.com

08:24 Oct 11, 2004

Dear Margarita,
I am almost convinced as regards the previous problem (renda de casa) :).
However this seems to be a different situation. This is rhe same price list of the bank, and one of the sections in the price list is as follows:
5. DESCONTOS - Comiss�es de Cobran�a de Efeitos Descontados (Inclui Vendas a Presta�es)
Efeitos Domiciliados:
Sem Protesto:
M�nimo
M�ximo
Sujeitos a Protesto:
M�nimo
M�ximo
(1) Se efeito de valor menor ou igual a � 1.000,00
Efeitos N�o Domiciliados:
Sem Protesto:
M�nimo
M�ximo
Sujeitos a Protesto:
M�nimo
M�ximo
(1) Se efeito de valor menor ou igual a � 1.000,00
Reformas
Apresenta��o a Protesto (2) (3)
Levantamento de Protesto (3)
Devolu��o por falta de pagamento (4)

MOreover, LEI UNIFORME RELATIVA �S LETRAS E LIVRAN�AS has, for example, the following article:
O sacador, um endossante ou um avalista pode, pela cl�usula "sem despesas", "sem protesto", ou outra cl�usula equivalente, dispensar o portador de fazer um protesto por falta de aceite ou falta de pagamento, para poder exercer os seus direitos de ac��o.

Council Directive 73/183/EEC:
The granting and repayment of short-term and medium-term credits in respect of commercial transactions or provision of services in which a resident is participating - Commercial and financial information (soliciting custom, etc.)
- Assistance and representation before the (administrative and judicial) authorities and other competent bodies
- Advice on the financial management of an undertaking
- Recovery of claims
- Collection of bills
- Domiciling of bills
- Management of documentary credits
And its Portuguese version:
Concess�o e reembolso de cr�ditos a curto e m�dio prazos ligados a transac�es comerciais ou a presta�es de servi�os nos quais participa um residente
- informa�es comerciais e financeiras (prospec��o comercial, etc.)
- assist�ncia e representa��o junto das autoridades (administrativas e judiciais) e outras inst�ncias competentes
- conselhos para a gest�o financeira da empresa
- recupera��o de cr�ditos
- cobran�a de letras
- domicilia��o de letras

I cannot think of anything else that could be protested but bills of exchange.
Any advice on this? I'm confused :(

Answers

3 hrs confidence:

efeitos domiciliados

automatic payments/drafts

Margarita Palatnik (X)
Local time: 06:38
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 58

Grading comment

I was not convinced as regards the particular context, but nevertheless the aswer was very helpful. Thank you very much, Margarita!

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English translation: automatic payments / drafts

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