Glossary entry (derived from question below)
English term or phrase:
beneficial interest in the ultimate collection of receivables
German translation:
ein berechtigt wirtschafltiches Interesse am endgültigen Inkasso der Forderungen; ansonsten: DEU Nießbrauch/ CH Nutzniessung
Added to glossary by
Adrian MM.
Aug 9, 2019 08:07
4 yrs ago
2 viewers *
English term
Germany
Words are nails for fixing ideas.
Native in: German
Works in: Spanish to German, English to German, German to Spanish
beneficial interest in the ultimate collection of receivables
English to German
Bus/Financial
Finance (general)
Auszug aus Jahresabschluss:
Accounts Receivable Financing
[…]
Under the Accounts Receivable Financing, the Company sold eligible short-term trade receivables on the initial transfer date to XXX (bank) in exchange for consideration comprised of cash (referred to as the "Initial Purchase Price" or "IPP") and a ***beneficial interest in the ultimate collection of receivables*** sold to XXX (referred to as the "Deferred Purchase Price" or "DPP").
Accounts Receivable Financing
[…]
Under the Accounts Receivable Financing, the Company sold eligible short-term trade receivables on the initial transfer date to XXX (bank) in exchange for consideration comprised of cash (referred to as the "Initial Purchase Price" or "IPP") and a ***beneficial interest in the ultimate collection of receivables*** sold to XXX (referred to as the "Deferred Purchase Price" or "DPP").
Proposed translations
(German)
| 3 +1 | ein berechtigt wirtschafltiches Interesse an der endgültigen Eintreibung der Forderungen |
Adrian MM.
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Change log
Aug 13, 2019 12:20: Adrian MM. Created KOG entry
Proposed translations
+1
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
14
Selected
ein berechtigt wirtschafltiches Interesse an der endgültigen Eintreibung der Forderungen
Wohlgemerkt: ben. int. in the collection und nicht an den Forderungen selbst: bzw. einen (DEU) Nießbrauch/ eine (CH) Nutzniessung an der endgültig - 'im Endeffekt über das Inkasso' - eingetriebenen Forderungsrechten.
Thanks to Sebastian for the 'wirtschaftlich' idea. I'm not so sure about the Eigentums- part....
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Note added at 1 hr (2019-08-09 09:30:38 GMT)
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an *den* endgültig .... eingetriebenen Forderungsrechten.
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Note added at 5 hrs (2019-08-09 13:17:17 GMT)
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Sebastian W. - as a D.I. u. zw. discussion 'intrant' in Scottish - to post his discussion entry as an answer und soll dabei Stellung zum Eigentumsrecht nehmen.
My problem with the other D.I., namely Verrelli's full ref. postings, is not the source interest, but that the target of the ben. int. is the collection and not the receivables, namely how a 'proprietary interest' in a collection would be protected or regd. in the UK or Oz, for that matter: as an 1. assignment of book debts, so controversially as 2. a floating charge in a company debenture, 3. a conditional bill of sale by way of mortgage (approx. ein Sicherungs-übereignungs-vertrag) or some other 4. credit sale/ hire purchase registration and 5. would a Registrar allow such an interest to be regd. at all?
Lg. aus Wien, Adrian
Thanks to Sebastian for the 'wirtschaftlich' idea. I'm not so sure about the Eigentums- part....
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Note added at 1 hr (2019-08-09 09:30:38 GMT)
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an *den* endgültig .... eingetriebenen Forderungsrechten.
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Note added at 5 hrs (2019-08-09 13:17:17 GMT)
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Sebastian W. - as a D.I. u. zw. discussion 'intrant' in Scottish - to post his discussion entry as an answer und soll dabei Stellung zum Eigentumsrecht nehmen.
My problem with the other D.I., namely Verrelli's full ref. postings, is not the source interest, but that the target of the ben. int. is the collection and not the receivables, namely how a 'proprietary interest' in a collection would be protected or regd. in the UK or Oz, for that matter: as an 1. assignment of book debts, so controversially as 2. a floating charge in a company debenture, 3. a conditional bill of sale by way of mortgage (approx. ein Sicherungs-übereignungs-vertrag) or some other 4. credit sale/ hire purchase registration and 5. would a Registrar allow such an interest to be regd. at all?
Lg. aus Wien, Adrian
Example sentence:
Der Gläubiger kann sich bezüglich der Übermittlung der Daten an das Inkassounternehmen ebenfalls auf die genannte Regelung berufen. Die Begleichung der Forderung kann als berechtigtes Interesse des übermittelnden Unternehmens angesehen werden.
Das berechtigte Interesse ist in der Rechtswissenschaft ein unbestimmter Rechtsbegriff. Auch ein tatsächliches Interesse, insbesondere wirtschaftliches Interesse, kann im Einzelfall genügen
Note from asker:
| Meine aktuelle Version ähnelt der von Sebastian; ich war mir aber auch unsicher, ob "Eigentum..." hier passt. |
| … weil es eben heißt "beneficial interest in the collection …" wie schon von dir angemekrt |
Peer comment(s):
| agree |
Birgit Gläser
: gute Lösung, aber bitte "Beitreibung" oder "Inkasso" (ggf. auch "Vereinnahmung")und nicht "Eintreibung", Eintreiber sin die Jungs mit den Schlagringen ;-)
3 hrs
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Danke, ein guter Ratschlag! Vor einem halben Jahrhundert in Hamburg usw. war es wohl nicht so und selbst heute gibt's einen Unterschied zwischen legaler Geldeintreibung und 'ukrainischen/russisch-Moskauer Eintreibern' www.unternehmerportal.info/inkasso/
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4 KudoZ points awarded for this answer.
Comment: "Thank you for taking your time to help me."
Discussion
I think the first time around I read this phrase in the source text as referring to a set/group of receivables. It now looks like that was wrong.
https://www.linguee.com/english-german/search?query=+"collec...
https://www.lawinsider.com/clause/collections?cursor=Ck4SSGo...
So maybe "Eigentum*" would have worked better with 'financial interest' in the receivables themselves.
Could something involving "Anspruch auf" also be used here?
I bow to those with superior knowledge in these matters.
https://www.divestopedia.com/definition/4966/deferred-consid...
...and such a clause/scheme can be interpreted in (potentially) surprising ways
http://www.mondaq.com/australia/x/221812/charges mortgages i...
This presumably means "right, title, or legal share in something" / "An involvement, claim, right, share, stake in or link with a financial, business, or other undertaking or endeavor [in]".
https://www.merriam-webster.com/dictionary/interest
https://en.wiktionary.org/wiki/interest#Noun
So it is not so surprising for the idea of 'Eigentum' to be proposed.
Of the two I would tentatively favour "Eigentumsposition" over "Eigentumsrecht". The latter sounds (to me) like it could apply more to 'options' or some sort of 'statutory right' than to a 'realised' stake.
https://de.wikipedia.org/wiki/Eigentum_(Deutschland)
https://www.rechtslupe.de/stichworte/eigentum
https://eur-lex.europa.eu/legal-content/EN-DE/TXT/?uri=CELEX... (§206 and passim)
Maybe something relevant can also be extracted from the following past queries on ProZ:
https://www.proz.com/kudoz/german-to-english/law-contracts/4...
https://www.proz.com/kudoz/english-to-german/law-contracts/6...
https://www.proz.com/kudoz/4267867
oder
und einer wirtschaftlichen Eigentumsposition bezüglich der letztendlichen Befriedigung der an XXX veräußerten Forderungen