Aug 15, 2011 19:43
12 yrs ago
German term

Insolvenzfreie Masse

German to English Bus/Financial Finance (general) in relation to Spanish Cedulas
Die Deckungswerte bei spanischen Covered Bonds bilden keine insolvenzfreie Masse, wie dies bei den deutschen Pfandbriefen der Fall ist.

Here's the sentence in which 'insolvenzfreie Masse' is used - suggestions greatly appreciated.

regards
Caitriona

Proposed translations

+3
3 hrs
Selected

assets exempt from bankruptcy

or bankruptcy-exempt assets.

Many U.S. sites talk about what kinds of assets are exempt from bankruptcy proceedings. See the terms I suggested on Google.

Peer comment(s):

agree milinad
5 hrs
Thanks milinad
agree Hazel Underwood
8 hrs
Thanks Hazel
agree Kim Metzger
13 hrs
Thanks Kim
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I agree too. Many thanks and regards Caitriona"
+1
7 mins

bankruptcy-free (combined) collateral

[PDF]
Regulating the Shadow Banking System
Adobe PDF - View as html
The regulatory changes were, in many cases, an endogenous response to the demand for efficient bankruptcy-free collateral in large financial transactions: if repo had not ...
www.brookings.edu/~/media/Files/Programs/ES/BPEA/2010...
Peer comment(s):

neutral philgoddard : But what does it mean?
1 hr
neutral DFTS (X) : Sounds ok, but the problem is just about every single Google result for "bankruptcy-free collateral" comes up with different websites that link to exactly the same article you cite. It seems like there are just about no other occurrences of it.
3 hrs
agree dkfmmuc : Zustimmung. sh. auch dieser Link http://www.bundesregierung.de/Content/DE/Magazine/MagazinWir...
12 hrs
Something went wrong...
-2
9 mins

Insolvency free ground

literal translation..
Peer comment(s):

neutral AllegroTrans : literal yes, but can you show it to be appropriate in context?
1 min
neutral DFTS (X) : I don't think "ground" has anything to do with this context...
3 hrs
disagree Kim Metzger : Nothing to do with "ground" in this context. In financial terms, Masse is assets.
7 hrs
disagree Sabine Akabayov, PhD : ground is not the correct translation
2 days 5 hrs
Something went wrong...
5 hrs

backed by available funds in case of bankruptcy of the issuer

A Pfandbrief will be repaid even if the bank issuing it goes bankrupt (see Wikipedia below), from some kind of guarantee holdings. Spanish Covered Bonds apparently, according to this text, do not have this additional guarantee.
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