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Ankauf Ihrer Akkreditivforderungen

English translation: acquisition of L/C secured debts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Ankauf von Akkreditivforderungen
English translation:acquisition of L/C secured debts
Entered by: Steffen Walter

12:24 Jun 3, 2008
German to English translations [PRO]
Bus/Financial - Finance (general) / Letters of Credit
German term or phrase: Ankauf Ihrer Akkreditivforderungen
Taken from a bank's brochure describing its trade finance service offerings.

There is a list of 4 things:
 Taking on country risk on behalf of the opening bank

 Taking on country risk on behalf of you, the client

 Making advances against documentary credits

 Ankauf Ihrer Akkreditivforderungen

You in all of the above refers to the bank's customer

I have put "purchase of your payment obligations under documentary credits". I am not exactly sure what this transaction is ???
Christine Andrews (X)
Local time: 01:29
Acquisition of L/C secured debts
Explanation:
The Bank is interested in acquiring debts due TO you, which are secured by Letter of Credit.
Selected response from:

stanley lawson
Local time: 03:29
Grading comment
I have chosen this one but I think factoring would also be correct
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Acquisition of L/C secured debts
stanley lawson
4 +1factoring of your documentary credit liabilities
andres-larsen
3Factoring management of your letters of credit
John Dale D.D.


  

Answers


18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Acquisition of L/C secured debts


Explanation:
The Bank is interested in acquiring debts due TO you, which are secured by Letter of Credit.

stanley lawson
Local time: 03:29
Specializes in field
Native speaker of: English
PRO pts in category: 4
Grading comment
I have chosen this one but I think factoring would also be correct
Notes to answerer
Asker: Of course, this makes much more sense. Thank you Stanley


Peer comments on this answer (and responses from the answerer)
agree  PhilippID
17 mins
Login to enter a peer comment (or grade)

21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Factoring management of your letters of credit


Explanation:
just a suggestion

John Dale D.D.
Local time: 02:29
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
factoring of your documentary credit liabilities


Explanation:
factoring (purchase) of your (customer) documentary credit liabilities

andres-larsen
Venezuela
Local time: 20:29
Native speaker of: Native in EnglishEnglish
PRO pts in category: 134

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X)
20 hrs
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