svincolo anticipato

English translation: early withdrawal

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:svincolo anticipato
English translation:early withdrawal
Entered by: EirTranslations

08:09 May 13, 2013
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Italian term or phrase: svincolo anticipato
Within the context below, this appears in the minutes of meeting of a bank with regard to the new rates of deposit accounts and vincoli? (bonds? deposits), I understand that this could be an early, partial or total release but I'm not totally sure in financial jargon, help much appreciated thanks


DEPOSITO, rivolto ai Clienti retail (clienti non professionali o controparti non qualificate) del xxx
DEPOSITO che necessitano di nuova liquidità e non intendono smobilizzare (in tutto o in parte) le somme di denaro precedentemente vincolate, poiché i rimborsi prima della scadenza del vincolo sono infruttiferi.
Il nuovo prodotto, precisa l’Amministratore Delegato, che verrà lanciata con decorrenza dal 20 maggio p.v., si configura come un’opzione per il Cliente, ovvero non preclude la possibilità di svincolo anticipato, parziale o totale.
Infatti, superato un certo numero di giorni dalla data di costituzione del deposito vincolato (c.d.
“data di break even”), risulta più vantaggioso per il Cliente richiedere a prestito un certo ammontare di denaro rispetto allo svincolo anticipato della medesima somma.La data di break even varia da vincolo a vincolo in funzione della durata dello stesso e dei tassi debitori e creditori applicati.
EirTranslations
Ireland
Local time: 01:46
early withdrawal
Explanation:
Often penalty fees to be paid for early withrawal of term deposits, but in this case the penalty is the loss of interest on the deposit.

https://www.google.com/search?source=ig&rlz=&q="term deposit...

Alternatively "early redemption"
https://www.google.com/search?source=ig&rlz=&q="term deposit...
Selected response from:

James (Jim) Davis
Seychelles
Local time: 04:46
Grading comment
Thanks Jim :)
4 KudoZ points were awarded for this answer



Summary of answers provided
4early withdrawal
James (Jim) Davis
3anticipated (or early) redemption (or discharge)
Antonio Tomás Lessa do Amaral


  

Answers


23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
anticipated (or early) redemption (or discharge)


Explanation:
http://www.proz.com/kudoz/italian_to_english/law_patents/111...

Antonio Tomás Lessa do Amaral
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 20
Login to enter a peer comment (or grade)

10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
early withdrawal


Explanation:
Often penalty fees to be paid for early withrawal of term deposits, but in this case the penalty is the loss of interest on the deposit.

https://www.google.com/search?source=ig&rlz=&q="term deposit...

Alternatively "early redemption"
https://www.google.com/search?source=ig&rlz=&q="term deposit...

James (Jim) Davis
Seychelles
Local time: 04:46
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1888
Grading comment
Thanks Jim :)
Login to enter a peer comment (or grade)



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