Glossary entry (derived from question below)
Italian term or phrase:
Assolvimento in via indiretta
English translation:
indirect fulfilment
Italian term
Assolvimento in via indiretta
ACCORDO PER L'ASSOLVIMENTO IN VIA INDIRETTA DELLA RISERVA OBBLIGATORIA
I can see this is settlement of a reserve fund, but not sure how this term should be phrased.
3 +2 | indirect fulfilment | Kate Chaffer |
4 | Indirect tax compliance | Floriana Narciso |
3 | proxy fulfilment (indirectly via an intermediary) | Adrian MM. |
Proposed translations
indirect fulfilment
Le banche possono adempiere gli obblighi di riserva in via indiretta tramite un intermediario soggetto alla riserva obbligatoria in Italia. La richiesta di autorizzazione all'adempimento in via indiretta deve essere presentata alle Filiali competenti della Banca d'Italia (cfr. Circolare n. 314/2021, par. I.6 Riserva indiretta). La richiesta, compilata utilizzando l'Allegato 2 della Circolare 314, deve includere in allegato l'accordo tra le parti per la gestione della riserva in via indiretta e contenere una dichiarazione attestante il rapporto tra le parti.
https://www.bancaditalia.it/compiti/polmon-garanzie/riserva-...
Fulfilment of the minimum reserve requirement
Banks can fulfil their minimum reserve requirement indirectly through an intermediary that is subject to such requirements in Italy. The request for authorization of indirect fulfilment of the requirement must be submitted to the Bank of Italy branches concerned (see Section VI.7.2 of the Guidelines for Operators. Indirect reserve requirement). The request must contain a copy of the agreement drawn up between the parties for managing the minimum reserves indirectly and a declaration certifying their working relationship (see Guidelines for Operators - all 27).
https://www.bancaditalia.it/compiti/polmon-garanzie/riserva-...
proxy fulfilment (indirectly via an intermediary)
AmE: fulfillment > 'Competitors get traction in the proxy fulfillment sphere, leaving issuers hopeful for a price drop in proxy distribution.'
Collins Sansoni -> assolvimento : performance, *fulfilment* + assolvere 1. acquit 2. absolve 3. (liberare da un obbligo) release 4. perform; (un debito) settle a debt.
'Banks can fulfil their minimum reserve requirement *indirectly through an intermediary* that is subject to such requirements in Italy. The request for authorization of indirect fulfilment of the requirement must be submitted to the Bank of Italy branches concerned (see Section VI.7.2 of the Guidelines for Operators. Indirect reserve requirement)' https://www.bancaditalia.it/compiti/polmon-garanzie/riserva-...
Le banche possono adempiere gli obblighi di riserva in via indiretta tramite un intermediario soggetto alla riserva obbligatoria in Italia.
intermediare i flussi finanziari e gestire il collateral per la partecipazione alle operazioni di politica monetaria e per l’assolvimento in via indiretta degli obblighi di riserva presso la Banca Centrale
http://www.lawinsider.com/dictionary/proxy-reserve
http://www.ecb.europa.eu/mopo/implement/mr/html/credit.en.html
Something went wrong...