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  3. Law: Contract(s)

booking branch

Arabic translation: الفرع الذي تم فيه / بواسطته الحجز

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase: booking branch
Arabic translation:الفرع الذي تم فيه / بواسطته الحجز
Entered by: hassan zekry

13:09 Jun 13, 2020
English to Arabic translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: booking branch
The Purchaser may set off any matured obligation due from the Seller under this Agreement (to the extent beneficially owned by the Purchaser) against any obligation (matured or contingent) owed by the Purchaser to the Seller, regardless of the place of payment, booking branch or currency of either obligation. If the obligations are in different currencies, the Purchaser may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.
aya omar
Egypt
Local time: 17:50
الفرع الذي تم فيه / بواسطته الحجز
Explanation:
الفرع الذي تم الحجز فيه
Selected response from:

hassan zekry
Local time: 17:50
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3الفرع الذي تم فيه / بواسطته الحجز
hassan zekry
5 +1فرع الحجز
Hassan Achahbar
4الفرع المختص بالحجز
mona elshazly


  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
الفرع الذي تم فيه / بواسطته الحجز


Explanation:
الفرع الذي تم الحجز فيه

hassan zekry
Local time: 17:50
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 581
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Youssef Chabat
2 mins
agree  ABDESSAMAD BINAOUI
1 hr
agree  Esraa Muhammad
1 day 5 hrs
Login to enter a peer comment (or grade)

11 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
فرع الحجز


Explanation:
https://www.bis.org/publ/bcbs95.pdf
page 6

Booking branches

The term “booking branch” refers to a branch of a foreign bank where the branch has no meaningful mind and management in the jurisdiction in which it is licensed. Often, such branches are nothing more than “brass plates”, with only basic administrative services being supplied by a local agent who may provide such services to a number of banks. The management of the branch may be located in an office in the home jurisdiction of the head office or in an office located in a third jurisdiction, which may or may not be an office subject to supervision. The key distinction between booking branches and shell banks is that the former are part of an existing bank that is regulated by a home country supervisor.


https://www.gbm.hsbc.com/-/media/gbm/solutions/attachments/g...
page 29

13.1 یجوز لإتش إس بي سي، في أي وقت وبدون إشعار، أن یجمع أو یُدمج ویُوحد كافة
حسابات العمیل المُحتفظ بھا لدى إتش إس بي سي و/أو مقاصة أي من التزامات العمیل مقابل أي
التزام مستحق من قبل إتش إس بي سي إلى العمیل (بما في ذلك ما یتعلق بأیة ضمانات نقدیة، أو
العوائد المُستلمة أو المُحتفظ بھا من قبل إتش إس بي سي)، بغض النظر عن مكان الدفع أو فرع
الحجز أو العملة لأي من الالتزامین.
HSBC may, at any time and without notice, combine or consolidate all the accounts of the Customer held with HSBC and/or set-off any Customer Liabilities against any obligation owed by HSBC to the Customer (including in respect of any Cash Collateral, or proceeds received or held by HSBC), regardless of the place of payment, booking branch or currency of either obligation.

Hassan Achahbar
Morocco
Local time: 16:50
Works in field
Native speaker of: Arabic
PRO pts in category: 52

Peer comments on this answer (and responses from the answerer)
agree  Youssef Chabat
1 min
  -> جزيل الشكر
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
الفرع المختص بالحجز


Explanation:
الفرع المختص بالحجز

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Note added at 2 hrs (2020-06-13 15:32:58 GMT)
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الفرع المعني بإجراءات الحجز

mona elshazly
Egypt
Local time: 17:50
Native speaker of: Native in ArabicArabic
PRO pts in category: 134
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