Verwahrungsanweisung

09:39 Apr 8, 2019
German to English translations [PRO]
Bus/Financial - Law: Contract(s)
German term or phrase: Verwahrungsanweisung
The context is the notarization of funds and the safekeeping or custody of such funds by the notary.

"The notary shall be instructed to dispose of said funds, in accordance with the instructions of the still-to-be-notarised supplementary payments, agreed by the parties concerned".

What would be the best translation of "Verwahrungsanweisung" as the name of such an agreement, i.e. for the custody/safekeeping of funds.
Magnette Coetzer
Germany


Summary of answers provided
3(Trust account) escrow agreement; (UK) stakeholding instruction
Adrian MM.
1depositary / depository [trustee] instruction [contract]
andres-larsen


Discussion entries: 6





  

Answers


3 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
depositary / depository [trustee] instruction [contract]


Explanation:
depositary / depository [trustee] instruction [contract]

sources:

AIFMD Implementation: Depositary - Invest Europe
https://www.investeurope.eu/.../aifmd-depositary-may-2014-pr...
and AIF investors the key questions are the availability of service providers, their ... A depositary is not required in relation to non-EEA AIFs that are: ... process: The Czech Republic, Denmark, Finland, France, Germany, Hungary, ... Public notaries are entitled to serve as depositaries for funds of qualified investors (the.

The Implementation of the AIFM-Directive in Germany - Mayer Brown
https://www.mayerbrown.com/.../Publication/.../PublicationAt...
for all open- and closed-end funds and their managers in Germany. Unlike .... res, and a presentation of the company agreement of the KVG (Sect. .... itories and AIF depositories, as the AIFM Directive. – contrary to ... instance, a notary public, an accountant or a lawyer) ... As a prerequisite, the trustee (Treuhänder) must be.

andres-larsen
Venezuela
Local time: 08:50
Native speaker of: Native in EnglishEnglish
PRO pts in category: 44
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(Trust account) escrow agreement; (UK) stakeholding instruction


Explanation:
Excuse me for not rushing into an answer, but my own reaction was an escrow (US influence means it is also used elsewhere for funds, though in the UK it is of documents and deeds held subject to an escrow condition (e.g. section 11-07 of Brooke’s (UK) Notary, Sweet & Maxwell).

That is why stakeholding occurred to me e.g. for a deposit of money held by an estate agent (realtor) or Solicitor, although stakeholder has also shifted in meaning to a figurative sense of someone witha stake in a company or society.

'Stakeholding Payment In of Stakeholding Money Form 1 Instructions 1. To be served on the Stakeholder at SAL Stakeholding Service, 1 Coleman Street, The Adelphi, #08 .'

cf. in UK banking, a Memorandum of Deposit of pledged documents and securities held to the customer's order.

PS a safe-keeping or custody agreement as I have with my own bank in the UK, suggested to me.




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Note added at 4 hrs (2019-04-08 13:58:11 GMT)
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suggested to me... of documents, title deeds and investment securities.

Example sentence(s):
  • Escrow Account is a legal arrangement whereby a neutral third party, called the escrow agent (a company or attorney), holds an asset during the period in which the deal is being finalized by the other two parties or during a predetermined time period.
  • Welcome to TradeSafe South Africa’s Trusted Online Escrow Service. From Buying or Selling a Phone to a Multi-Million Commodity Deal, we Ensure That Every Transaction is Safe, Secure and Successful!

    Reference: http://www.dict.cc/?s=escrow+agreement
    Reference: http://www.linguee.de/englisch-deutsch/uebersetzung/escrow+a...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 42
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