set-off

Polish translation: potrącenie

09:02 Sep 10, 2020
English to Polish translations [PRO]
Bus/Financial - Finance (general) /
English term or phrase: set-off
Wyciąg z rachunku

Your Authorised Limit is subject to the terms and conditions referred to in your letter of sanction, (including any set-off, if applicable).
makawa
Local time: 01:17
Polish translation:potrącenie
Explanation:
https://pl.wikipedia.org/wiki/Potrącenie
Selected response from:

Hanna Juszkiewicz-Corblin
Poland
Local time: 01:17
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1potrącenie
Hanna Juszkiewicz-Corblin
Summary of reference entries provided
Letter of Sanction & Set Off
mike23

  

Answers


48 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
potrącenie


Explanation:
https://pl.wikipedia.org/wiki/Potrącenie

Hanna Juszkiewicz-Corblin
Poland
Local time: 01:17
Works in field
Native speaker of: Polish
PRO pts in category: 11

Peer comments on this answer (and responses from the answerer)
agree  Maciej Andrzejczak
1 day 3 hrs
  -> Dziękuję!
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Reference comments


9 hrs
Reference: Letter of Sanction & Set Off

Reference information:
‘Letter of Sanction’ means the Letter of Sanction issued to you setting out the terms and conditions of the Overdraft Facility.
...
60. Set Off
60.1 We may at any time and without notice to you (but shall not be obliged to) transfer at any time the whole or any part of any balance standing to the credit of any of your Account(s) and/or other account(s) maintained with us to any debit balance on any other of your account(s) with us (in all instances, this includes accounts not covered by this Agreement).
...
https://currentaccount.ie/files/P163AE_tsandcs.pdf

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Note added at 9 hrs (2020-09-10 18:17:45 GMT)
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Conditions means these Overdraft General Terms and Conditions
Facility means the Overdraft Facility offered to you by KBC Bank Ireland
Letter of Sanction means the Letter of Sanction issued to you setting out the terms and conditions of the Facility
Overdraft Limit means the overdraft limited noted on the Letter of Sanction issued to you
https://www.kbc.ie/KBC/media/Overdraft-PDFs/KBC-1002Overdraf...

If we approve your application, we will contact you to tell you the next steps. We will issue a formal Letter of Sanction to you and will include the following information:
• The amount of the credit facility.
• The rate of interest that applies to it.
• Repayment terms.
• Details of any special conditions that must be met before drawdown of the facility or during the term of the facility.
• Where appropriate, we may seek security to reduce the Bank’s credit risk, any security that we request will be reasonable and proportionate to your situation.
• Details of any security that you must give us. Where security is required, our leaflet ‘Security Costs for Borrowings’ will be enclosed.
https://business.aib.ie/content/dam/aib/business/docs/help-a...

Interest Set-Off on Current Account
5.9 Where a Borrower has an overdraft and at the same time maintains a credit current account with the same branch and the Bank has a right to set-off the balances in those accounts, the Bank may agree to charge a reduced rate of interest (subject to a minimum of 1 % per annum, but this may change) on that portion of the debit balance covered by the credit balance. No set-off for interest purposes is allowed for any facility other than overdraft. For further details, please refer to the separate set-off advice and accompanying Terms and Conditions for Set-Off (together the “Set-Off Conditions”) that will apply to any such overdraft. If there is any conflict between the general terms and conditions set out in this booklet and the “Set-Off Conditions”, then the “Set-Off Conditions” will prevail.
...
7.14 All sums payable by the Borrower in respect of facilities (whether of principal, interest or otherwise) will be paid in the currency in which they are outstanding in full without any deduction, set-off, counterclaim or withholding whatsoever.
...
Set-off
7.25 The Bank may, in addition to any other similar right it may have, at any time, without notice to the Borrower, set-off any credit balance on any account of the Borrower with the Bank against any sums which are or may become owing to the Bank by the Borrower in any manner or on any account whatsoever.
https://aib.ie/content/dam/frontdoor/business/docs/sbci/term...


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Note added at 1 day 23 hrs (2020-09-12 08:35:49 GMT)
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decyzja kredytowa / decyzja o przyznaniu kredytu
https://www.proz.com/kudoz/english-to-polish/finance-general...

mike23
Poland
Specializes in field
Native speaker of: Native in PolishPolish
PRO pts in category: 618
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