concentration bank

German translation: Hausbank

11:31 Jul 3, 2014
English to German translations [PRO]
Bus/Financial - Finance (general) / Clearing
English term or phrase: concentration bank
Auszug aus Clearing-Bestimmungen (XY ist das Clearingunternehmen):

Upon an XY Member’s request for the withdrawal of cash, subject to the availability of sufficient underlying Permissible Collateral to meet Margin and Default Fund Contribution requirements (so that such requirements would continue to be satisfied after such withdrawal), XY shall arrange for the return of cash to the XY Member’s account denominated in sterling (GBP) or euro (EUR) at its Payment Bank. Such available cash collateral is transferred/paid by XYZ(on behalf of XY) via its Payment Bank (whether a ***concentration or a correspondence bank***) in London.

Was ist eine concentration bank??
Annette Scheler
Germany
Local time: 13:17
German translation:Hausbank
Explanation:
Siehe Belegstellen unten.
Selected response from:

Johanna Timm, PhD
Canada
Local time: 04:17
Grading comment
Danke an alle für die Recherche!
4 KudoZ points were awarded for this answer



Summary of answers provided
3Hausbank
Johanna Timm, PhD
Summary of reference entries provided
definitions
Johanna Timm, PhD

Discussion entries: 6





  

Answers


3 days 3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Hausbank


Explanation:
Siehe Belegstellen unten.

Johanna Timm, PhD
Canada
Local time: 04:17
Native speaker of: Native in GermanGerman
PRO pts in category: 107
Grading comment
Danke an alle für die Recherche!
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Reference comments


1 day 11 hrs
Reference: definitions

Reference information:
Definition of 'Concentration Bank'

A financial institution that is the primary bank of an organization, or the bank where the organization does most of its transactions. Several organizations use multiple banks, but generally deal significantly with one bank in particular, which is referred to as the concentration bank.
http://www.investopedia.com/terms/c/concentration-bank.asp

Was ist eine Hausbank?
Als Hausbank bezeichnet man in Deutschland das Kreditinstitut, mit dem ein Bankkunde dauerhaft den größten Teil seiner finanziellen Transaktionen abwickelt. Eine enge Bindung an eine bestimmte Hausbank weisen in der Regel kleine und mittlere Unternehmen auf. Große Unternehmen wie diejenigen, die dem DAX angehören, nutzen das „klassische“ Hausbank-Konzept nur noch im Bereich des Cash Managements sowie beim Zahlungsverkehr.
http://de.wikipedia.org/wiki/Hausbank

Johanna Timm, PhD
Canada
Native speaker of: Native in GermanGerman
PRO pts in category: 107
Note to reference poster
Asker: Danke Johanna, das hatte ich mir so in etwa auch gedacht. Gib das doch als Antwort ein!

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