non-discretionary account

23:47 Jun 26, 2000
English to German translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: non-discretionary account
Definition of the term "U.S. person"
Elke


Summary of answers provided
nanon-discretionary Konto (außer Nachlaß oder ...)
Dierk Seeburg
naKonto für selbständig handelnde Broker
Claudia Tomaschek
naKonto für selbständig handelnde Investoren
Dan McCrosky (X)
na"non-discretionary" = "nicht ermessungsfrei" or "weisungsgebunden"
Dan McCrosky (X)
naKundenkonto ohne Disp.freiheit für den Makler
Ralf


  

Answers


2 hrs
non-discretionary Konto (außer Nachlaß oder ...)


Explanation:
This term is not translated, but it means "nicht verfügbar", as opposed to discretionary accounts which are 'mit Vollmacht geführte Konten' (see http://www.topanlage.de/Verwaltung/Abc.htm for more info). I'm not quite sure how to correlate the term and the context given since a non-discretionary account is not defined as a U.S. person, as far as I know. Also, the term text got cut off, please write 'see below' and write everything in the context text field.


    Reference: http://www.dollarinvest.com/forex/fidelity/deutsch.htm
    Reference: http://www.thectr.com/gtftgerm.html
Dierk Seeburg
Local time: 00:22
Native speaker of: Native in GermanGerman
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2 hrs
Konto für selbständig handelnde Broker


Explanation:
Bei einem "non-discretionary account" handelt es sich um ein Konto für selbsthandelnde Broker, bei dem im Gegensatz zu einem "discretionary account" (Diskretionskonto, Treuhandkonto) kein Vollmachtsvertrag mit einem Vermögensverwalter geschlossen wird. "If an investor opens a non-discretionary account, the investor is in complete control of their portfolio, and no transactions will be executed without the consent of the investor. On the other hand, the discretionary account allows the firm or other third party to make trading decisions on your behalf." Leider habe ich keine direkte deutsche Übersetzung gefunden, da die meisten Firmen, die diese Art von Konten anbieten (z.B. ConSors) diese Art Konto einfach Konto nennen. Weitere Informationen findest Du unter den Links.

Ich hoffe, das hilft.
Claudia


    Reference: http://www.dollarinvest.com/forex/fidelity/deutsch.htm
    Reference: http://www.thectr.com/gtftgerm.html
Claudia Tomaschek
Local time: 07:22
Native speaker of: German
PRO pts in category: 14
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6 hrs
Konto für selbständig handelnde Investoren


Explanation:
I do not understand why Claudia's answer does not read "investors" rather than "brokers"? - This site gives an indication how they are considered to U.S.Persons

http://www.balticbankinggroup.com/regs-persons.shtml -

Any non-discretionary account or similar account (other than estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person. -
This site gives a layman's name for non-discretionary: -

http://www.seclaw.com/ubb/Forum3/HTML/000001.html -

"non-discretionary account" = "self-directed account" = "Konto für selbständig handelnde Investoren"


Dan McCrosky (X)
Local time: 07:22
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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7 hrs
"non-discretionary" = "nicht ermessungsfrei" or "weisungsgebunden"


Explanation:
Here are two other translation from Romain for "non-discretionary" = "nicht ermessungsfrei" or "weisungsgebunden"

Dan McCrosky (X)
Local time: 07:22
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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8 hrs
Kundenkonto ohne Disp.freiheit für den Makler


Explanation:
I found in Hamblock/Wessels Großwörterbuch Wirtschaftsenglish: "discretionary account":
"Kundenkonto mit vereinbarter Dispositionsfreiheit für den Makler". The opposite, "non-discretionary" should then be "ohne Dispositionsfreiheit"
Hope this helps.

Ralf
United States
Local time: 01:22
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