Sep 10, 2015 11:44
8 yrs ago
Dutch term
zekerhedenopzet
Dutch to English
Bus/Financial
Real Estate
I thought I'd reached the pinnacle of puzzlement with some of my previous queries. . .but apparently not.
Context: they're talking about the use of investment properties as collateral.
"De marktwaarde van het beleggingspand, vast te stellen volgens de formule voor de berekening van de bancaire executiewaarde voor beleggingspanden, gebaseerd op het directe rendement van de onroerende zaak zoals opgenomen in de zekerhedenopzet van het verkoopproces voor bedrijven"
So I *think* the "zekerhedenopzet" is something like the (policy outlining the) required securities in the event of the forced sale (foreclosure) of investment properties.
But I'm not *entirely* sure what the link is between the "zekerhedenopzet" and the "verkoopproces". Are they essentially saying: the minimum the property has to be worth for the bank to be covered in the event a forced sale of the property is necessary?
Context: they're talking about the use of investment properties as collateral.
"De marktwaarde van het beleggingspand, vast te stellen volgens de formule voor de berekening van de bancaire executiewaarde voor beleggingspanden, gebaseerd op het directe rendement van de onroerende zaak zoals opgenomen in de zekerhedenopzet van het verkoopproces voor bedrijven"
So I *think* the "zekerhedenopzet" is something like the (policy outlining the) required securities in the event of the forced sale (foreclosure) of investment properties.
But I'm not *entirely* sure what the link is between the "zekerhedenopzet" and the "verkoopproces". Are they essentially saying: the minimum the property has to be worth for the bank to be covered in the event a forced sale of the property is necessary?
Proposed translations
(English)
| 2 | collateral securities set-up |
Adrian MM. (X)
|
Proposed translations
10 hrs
collateral securities set-up
van het verkoopproces > of the sales process.
Rather than a statement or schedule, the way the securities tie into and interface with the selling process, released as the relevant secured mortgage debts are paid off.
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Note added at 10 hrs (2015-09-10 22:37:21 GMT)
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Oh, yes they are.
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Note added at 19 hrs (2015-09-11 06:45:26 GMT)
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If you reformulated your question: would the order of discharge of securities (e.g. cash deposit first as a liquid asset, then jewellery pledged second, mortgage on other land third) be any different on a sale by private treaty (BrE) to/(AmE) than on a bank foreclosure sale, the answer would be no. The secured creditors still need satisfaction in the right order. (Satsifaction, before you ask, is pay-off, rather than in the Mick Jagger sense).
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Note added at 22 hrs (2015-09-11 10:34:53 GMT)
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PS a 'voorbelasting' > as referred to in your other question, a prior charge - registered earlier in time - would need to be cleared off or 'vacated' before other charges, whatever form the sale takes: privately or foreclosure with a court order.
Rather than a statement or schedule, the way the securities tie into and interface with the selling process, released as the relevant secured mortgage debts are paid off.
--------------------------------------------------
Note added at 10 hrs (2015-09-10 22:37:21 GMT)
--------------------------------------------------
Oh, yes they are.
--------------------------------------------------
Note added at 19 hrs (2015-09-11 06:45:26 GMT)
--------------------------------------------------
If you reformulated your question: would the order of discharge of securities (e.g. cash deposit first as a liquid asset, then jewellery pledged second, mortgage on other land third) be any different on a sale by private treaty (BrE) to/(AmE) than on a bank foreclosure sale, the answer would be no. The secured creditors still need satisfaction in the right order. (Satsifaction, before you ask, is pay-off, rather than in the Mick Jagger sense).
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Note added at 22 hrs (2015-09-11 10:34:53 GMT)
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PS a 'voorbelasting' > as referred to in your other question, a prior charge - registered earlier in time - would need to be cleared off or 'vacated' before other charges, whatever form the sale takes: privately or foreclosure with a court order.
Example sentence:
Dit betekent o.a. het inrichten van de financiering- en *zekerhedenopzet* voor de klant o.b.
Note from asker:
| I don't get that all. They are selling the property (forced sale), not paying off the mortgage loan on it the proper way. . . |
| Sorry. What am I missing here? What is the scenario you're envisaging? |
Discussion
Ik lees e.e.a. als volgt:
De marktwaarde van een beleggingspand dat aan een/de particuliere hypotheek wordt verpand, wordt berekend volgens de formule voor (etc. etc.) die gebaseerd is op het directe rendement van (etc.etc.) zoals opgenomen/vermeld in de 'zekerhedenopzet' die (door deze geldverstrekker) wordt gehanteerd voor zakelijke hypotheken.
Does this make any sense?
Blijft natuurlijk wel de vraag hoe deze term het beste vertaald kan worden :-)
zekerhedenpakket =
security package
opzet =
(ontwerp) design, layout
(organisatie) structure, set-up
(plan) scheme
thus, "zekerhedenopzet" should be something like:
security structure/arrangement/package/scheme, or policy outlining the required securities, or some such