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    im Rahmen

    Sources
    Übertragung von Assets im Rahmen der Backstop-Fazilität.
    Comment
    Having trouble translating "im Rahmen" in this sentence.
    Authorbevalisch23 Feb 10, 08:10
    Comment
    within the scope of ??
    or
    within the framework of ??

    Maybe??
    #1Author mykl (442296) 23 Feb 10, 08:19
    Comment
    What's a "Backstop-Fazilität". Denglisch financial jargon?

    Agree mykl --- evtl "in the scope of" reicht, m.E.
    #2Authorvitz23 Feb 10, 08:22
    Comment
    That's the problem vitz, in the 'new' management/financial 'language' they love mixing English/German phrases. :(
    #3Author mykl (442296) 23 Feb 10, 08:24
    Comment
    vitz - if only I knew!

    Thanks both of you :-)
    #4Authorbevalisch23 Feb 10, 08:37
    Comment
    Backstop Facility: Verpflichtung einer oder mehrerer Banken, Titel eines emittierenden Unternehmens zu übernehmen, falls diese am Markt nicht platziert werden können.
    http://www.saentis-investment.ch/Glossar.21.0.html

    http://www.google.de/search?q=backstop+facili...

    that's what a backstop facility is
    #5Author penguin (236245) 23 Feb 10, 08:39
    Comment
    penguin - I know what it is, but that doesn't help me figure out what it is if you know what I mean ;-)
    #6Authorbevalisch23 Feb 10, 08:41
    Comment
    it's like a safety net - if the issuer doesn't manage to sell all his securities, the bank promises to take them back - so it's an asset transfer within the context of a backstop facility.
    #7Author penguin (236245) 23 Feb 10, 08:59
    Comment
    "Within the context of" makes it sound as though the main point was the backstop facility, and the assets took place as part of that, though. Don't they actually roughly mean "assets transferred with a backstop facility provided"?
    #8Author CM2DD (236324) 23 Feb 10, 09:05
    Comment
    Danke :-)
    #9Authorbevalisch23 Feb 10, 09:05
    Comment
    no, CM2DD, the assets are transferred because they were not sold/placed, and since a backstop facility existed, they were returned - the transfer is a result of the backstop
    #10Author penguin (236245) 23 Feb 10, 09:07
    Comment
    Oh, I seeeee!
    #11Author CM2DD (236324) 23 Feb 10, 09:11
    Comment
    Wow, thank you penguin. I actually understand something now :-)
    #12Authorbevalisch23 Feb 10, 09:14
    Comment
    my pleasure :-) I worked as a securities dealer for several years, both in London and in Germany.
    It's always better if you translate a text you actually understand, isn't it ....
    #13Author penguin (236245) 23 Feb 10, 09:14
    Comment
    Yes, but unfortunately sometimes that isn't possible.
    #14Authorbevalisch23 Feb 10, 09:20
     
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