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interessewahrend

English translation: on a discretionary basis

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:interessewahrend
English translation:on a discretionary basis
Entered by: Ted Wozniak

15:05 Jun 28, 2006
German to English translations [PRO]
Bus/Financial - Investment / Securities / stock sales
German term or phrase: interessewahrend
According to the UBS lexicon "Dieser Zusatz bei Wertpapieraufträgen ermächtigt den Händler, im Interesse des Anlegers selbständig Limite zu setzen und den Marktentwicklungen anzupassen oder einen Auftrag in mehreren Tranchen und ggf. über mehrere Tage zu verteilen.
Interessewahrende Aufträge werden i. d. R. ohne Limitzusatz erteilt."

My question is whether there is a 1 or 2-word term in English that conveys this same meaning. Or do I have to construct something like "/as a limit order/ at the dealer's discretion in the seller's interest"?

My specific source text relates to the sale of shares acquired when exercising employee stock options and is:

"Die Aktien jedes Mitarbeiters werden zusammen mit allen anderen zum Verkauf anstehenden Aktien aus Optionen von Mitarbeitern während des 10-tägigen Ausübungsfensters interessewahrend verkauft. "

Ralf? Are you out there?
Ted Wozniak
United States
Local time: 06:12
on a discretionary basis
Explanation:
...the related orders ("iw-Orders") are commonly referred to as "discretionary orders"
Selected response from:

Ralf Lemster
Germany
Local time: 13:12
Grading comment
Vielen Dank Ralf!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2on a discretionary basis
Ralf Lemster


  

Answers


3 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
on a discretionary basis


Explanation:
...the related orders ("iw-Orders") are commonly referred to as "discretionary orders"

Ralf Lemster
Germany
Local time: 13:12
Specializes in field
Native speaker of: German
PRO pts in category: 475
Grading comment
Vielen Dank Ralf!

Peer comments on this answer (and responses from the answerer)
agree  GET ENERGY (X)
3 mins
agree  David Moore (X): According to Eichborn, this is US-speak; as Ted is in the USA, I'm happy to agree, but Ralf, IS there a different expression for the European?
1 hr
  -> Hi David - this is used in European trading as well.
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