This question was closed without grading. Reason: Other
Sep 1, 2017 08:39
6 yrs ago
8 viewers *
English term

Wholesale

Non-PRO English to Serbian Bus/Financial Finance (general) Wholesale
Unsecured Wholesale Non Operational Brokered Deposit
Proposed translations (Serbian)
5 +3 veleprodaja
Change log

Sep 2, 2017 20:50: Daryo changed "Level" from "PRO" to "Non-PRO"

Votes to reclassify question as PRO/non-PRO:

Non-PRO (3): Vesna Maširević, Mira Stepanovic, Daryo

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Discussion

Daryo Sep 1, 2017:
Non-PRO? https://en.wikipedia.org/wiki/Wholesale_funding etc.

Just open any dictionary, as much complicated as asking "what's the weather today" ... Yeah, sure.

Proposed translations

+3
3 mins

veleprodaja

trgovački izraz
Peer comment(s):

agree Natasha Jankovic
1 min
thx
agree Ljiljana Grubač : apsolutno se slažem s kolegom
5 mins
thx
neutral Daryo : the dangers of translating only one word: HERE "wholesale" is an adjective, not a noun ... // not to forget that this is banking, not trading goods.
1 hr
Nevertheless, in banking it just refers to tax calculations as wholesale doesn't necessary mean large scale selling, it refers business to business deals.
agree Larisa Zlatic, Ph.D. : Moze i 'promet na veliko' (npr. promet na veliko lekova)
6 hrs
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Reference comments

22 hrs
Reference:

wholesale funding - TC terms

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1 hr
Reference:

What Is Wholesale Funding?

Wholesale funding differs from the traditional source of funding that a commercial bank would use. Traditionally, banks used core demand deposits as a source of funds, and they are an inexpensive source of financing. Deposits represent a liability for the banks, and those deposits are lent out and become income-producing assets. Wholesale funding is a "catch-all" term, but mainly refers to: federal funds, foreign deposits and brokered deposits. Some also include borrowings in the public debt market in the definition. Traditional banks can use wholesale funding as an alternative, but commercial finance companies are especially reliant on this source of funding.

http://www.investopedia.com/articles/economics/09/when-whole...

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Note added at 1 day12 hrs (2017-09-02 21:07:54 GMT)
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DEFINITION of 'Brokered Deposit'

A large-denomination bank deposit that is sold by a bank to a brokerage, which then divides it into smaller pieces for sale to its customers. Core deposits - such as deposits to checking accounts, savings accounts and certificates of deposit made by individuals - are the other key component of a bank's deposits.

BREAKING DOWN 'Brokered Deposit'

Under FDIC rules, only well-capitalized banks can solicit and accept brokered deposits. Adequately capitalized ones may accept them after being granted a waiver, and undercapitalized banks cannot accept them at all. By accepting brokered deposits, a bank can gain access to a larger pool of potential investment funds and improve its liquidity. It can also save money, compared to handling an equivalent dollar amount of numerous smaller deposits, even though brokered deposits tend to pay a higher rate of interest.

http://www.investopedia.com/terms/b/brokereddeposit.asp

IDENTIFYING, ACCEPTING AND REPORTING BROKERED DEPOSITS
FREQUENTLY ASKED QUESTIONS
(Updated June 30, 2016. Revised July 14, 2016, to make a technical correction on page 14.)

A. BROKERED DEPOSITS AND DEPOSIT BROKERS

A1. What is a “brokered deposit”?
The term “brokered deposit” is defined in the FDIC’s regulations as “any deposit that is obtained, directly or indirectly, from or through the mediation or assistance of a deposit broker.”
Thus, the meaning of the term “brokered deposit” depends upon the meaning of the term “deposit broker.”

A2. What is a “deposit broker”?
Under Section 29 of the Federal Deposit Insurance (FDI) Act, a “deposit broker” is “[a]ny person engaged in the business of placing deposits, or facilitating the placement of deposits, of third parties with insured depository institutions or the business of placing deposits with insured depository institutions for the purpose of selling interests in those deposits to third parties.”

As explained in the FDIC’s Study on Core Deposits and Brokered Deposits, the definition of deposit broker is broad. This definition is subject to certain exceptions (discussed in section E of this document). As a result of this broad definition, a brokered deposit may be any deposit accepted by an insured depository institution from or through a third party, such as a person or company or organization other than the owner of the deposit.

https://www.fdic.gov/news/news/financial/2016/fil16042b.pdf

http://www.heritage.org/testimony/fdic-insurance-and-the-bro...
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