Sep 30, 2004 09:13
19 yrs ago
2 viewers *
English term

swingline lender

English to German Bus/Financial Finance (general)
In the context of an irrevocable standby letter of credit:

Credit Suisse First Boston as administrative agent,
collateral agent and swingline lender

Any suggestions?
Thank you very much in advance!
Proposed translations (German)
4 -1 revolvierend finanzierendes Kreditinstitut
3 +1 Kurzfristlinienkreditgeber

Discussion

Non-ProZ.com Oct 5, 2004:
Thank you very much for your help!

Proposed translations

-1
4 hrs
Selected

revolvierend finanzierendes Kreditinstitut

You can call it something else if you want, provided the description fits a lender standing by with a revolving loan facility.
Peer comment(s):

disagree Birgit Gläser : eine revolvierender Kredit hat nichts mit einer kurzfristigen Erhöhung zu tun. Der Revolver kann bis auf Widerruf in Anspruch genommen werden, die Swingline ist die Ausnhame http://www.aspect-online.de/lexikon/banken-und-finanzen/swin...
1984 days
Will the actually respondent please come forward, because it's not me. I have notified the moderator (I got notified that \'a ProZ.com peer has commented on your KudoZ answer\' but actually I never responded to this question. cont.)
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+1
3 hrs

Kurzfristlinienkreditgeber

A loan that grants institutions access to large amounts of cash in order to cover possible shortfalls from other debt commitments.
http://itlocus.com/dictionary/s/swingline_loan.html
http://www.investhub.com/glossary/Swingline_Loan.htm

You could compare this to a line of credit or demand loan, as a swingline loan gives companies immediate access to large sums of cash on short notice.
http://www.investopedia.com/terms/s/swinglineloan.asp

[PDF] Quartalsbericht 1/2004
File Type: PDF/Adobe Acrobat
... März 2004 sind: - Ein revolvierender Kredit in Höhe von bis zu 500.000 ... als US-Dollar verfügbar, bis zu 75.000 $ stehen als Kurzfristlinie (Swingline) in US ...
http://www.fmc-ag.com/internet/fmc/fmcag/agintpub.nsf/Attach...$FILE/Deutsche_Boerse_Filings_Q1_2004_deutsch.pdf

With the above information, I would call "swingline lender" either "Kurzfristlinienkreditgeber" or "Kurzfristlinien-Kreditgeber."

This is just a suggestion and I hope that you are helped with it.

For a better translation, let's wait for someone who really knows about finance.
Peer comment(s):

agree Birgit Gläser : oder Kredigeber für kurzfristige Deckungslinie
1984 days
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