BCC system/bcc

English translation: BCC

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:BCC system/bcc
English translation:BCC
Entered by: EirTranslations

11:11 Nov 15, 2018
Italian to English translations [PRO]
Bus/Financial - Insurance
Italian term or phrase: BCC system/bcc
Re salary-backed loans see below thanks

Preme evidenziare che COMPANY NAME è in relazione costante con tutte le società erogatrici, e che ha individuato nel mercato un canale di distribuzione particolarmente interessante, quello del sistema BCC, ad oggi non presidiato da società captive.
Infatti, nell’attuale contesto operativo, molte Bcc con cui siamo legati da accordi distributivi, sono nella particolare situazione di essere state richieste dal regolatore (Bankitalia) di destinare free capital al mercato delle CQS/CQP.
Ciò a seguito delle operazioni legate alla cessione di NPL ai fondi solidaristici di settore, fattore che ha consentito sia la remunerazione degli stessi, che la liberazione di capitali a riserva precedentemente destinati al loro presidio.
Su tale disponibilità di capitali XXX ha espressamente invitato le Bcc a reimpiegarli sotto forma di provvista finanziaria per operazioni (prestiti al consumo e cqs/cqp) che a loro volta generino margini da commissionale e non da impieghi.
EirTranslations
Ireland
Local time: 17:11
BCC
Explanation:
BCC --> Banca di Credito Cooperativo [Cooperative Credit Bank] (you get quite a few hits if you search "Banca di credito cooperativo").
I would retain the Italian acronym and give a translation within brackets:
sistema BCC --> BCC network
BCC --> BCC

--------------------------------------------------
Note added at 6 hrs (2018-11-15 17:49:05 GMT)
--------------------------------------------------

To Asker: I am not sure I understand your note about bc (I do not see this term in the paragraph that you have provided). Yes, the BCCs are a type of bank subject to certain rules and constraints imposed by the central bank).
Selected response from:

Marco Solinas
Local time: 10:11
Grading comment
thx
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2BCC
Marco Solinas
Summary of reference entries provided
BCCs
Fiona Grace Peterson

  

Answers


22 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
BCC


Explanation:
BCC --> Banca di Credito Cooperativo [Cooperative Credit Bank] (you get quite a few hits if you search "Banca di credito cooperativo").
I would retain the Italian acronym and give a translation within brackets:
sistema BCC --> BCC network
BCC --> BCC

--------------------------------------------------
Note added at 6 hrs (2018-11-15 17:49:05 GMT)
--------------------------------------------------

To Asker: I am not sure I understand your note about bc (I do not see this term in the paragraph that you have provided). Yes, the BCCs are a type of bank subject to certain rules and constraints imposed by the central bank).

Marco Solinas
Local time: 10:11
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 24
Grading comment
thx
Notes to answerer
Asker: not sure bc below it talks about the bccs as if these were a company type, see below thanks invitato le Bcc


Peer comments on this answer (and responses from the answerer)
agree  Fiona Grace Peterson
5 hrs

agree  Peter Cox
1 day 21 hrs
Login to enter a peer comment (or grade)




Reference comments


6 hrs
Reference: BCCs

Reference information:
"We first start with the observation that “[in cooperative banks,] […] management usually belongs to the communities in which activities are exercised”. To provide some evidence against this statement, we sampled 80 BCCs and compared the geographic location of their main office with the birth places of members of the board of directors."
http://www.eif.org/news_centre/publications/eif_wp_36.pdf

Fiona Grace Peterson
Italy
Native speaker of: English
PRO pts in category: 4
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search