Cuentas Cabecera Centralizadas

English translation: hub accounts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Cuentas Cabecera Centralizadas
English translation:hub accounts
Entered by: Ana Vozone

08:24 Apr 8, 2020
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Bank Account Contract
Spanish term or phrase: Cuentas Cabecera Centralizadas
Context: Bank Account Contract (CONTRATO DE CENTRALIZACIÓN DE CUENTAS)

Language: Spanish > English (UK)

Many thanks in advance
Alexandra Mollyneaux
Spain
Local time: 09:08
hub account
Explanation:
https://www.google.com/search?q="hub account"&oq="hub accoun...

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Note added at 23 mins (2020-04-08 08:48:11 GMT)
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"centralized hub account"

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Note added at 24 mins (2020-04-08 08:48:46 GMT)
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I think "centralized" is not necessary as "hub" includes that concept. Hope this helps!
Selected response from:

Ana Vozone
Local time: 08:08
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4Centralized account headings
Francois Boye
4Sweep accounts
patinba
2hub account
Ana Vozone


Discussion entries: 2





  

Answers


23 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
hub account


Explanation:
https://www.google.com/search?q="hub account"&oq="hub accoun...

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Note added at 23 mins (2020-04-08 08:48:11 GMT)
--------------------------------------------------

"centralized hub account"

--------------------------------------------------
Note added at 24 mins (2020-04-08 08:48:46 GMT)
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I think "centralized" is not necessary as "hub" includes that concept. Hope this helps!

Example sentence(s):
  • A Hub Account is simply a bank account in your name, which is used to facilitate moving cash around your savings accounts
  • You can transfer the money into the savings account from your hub account.
Ana Vozone
Local time: 08:08
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 113

Peer comments on this answer (and responses from the answerer)
agree  philgoddard
3 hrs
  -> Thank you, Phil!

disagree  Francois Boye: https://wiki.acstechnologies.com/display/ACSDOC/Working with...
17 hrs
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17 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Centralized account headings


Explanation:
https://wiki.acstechnologies.com/display/ACSDOC/Working with...

Headings make up the outline of the chart of accounts and define the accounts that are placed under them. ACS provides nine major Headings (Assets, Liabilities, Fund Principal, Revenues, Expenses, Other Revenues, Other Expenses, Temporary Restricted, and Permanent Restricted).

Francois Boye
United States
Local time: 04:08
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 335

Peer comments on this answer (and responses from the answerer)
neutral  Ana Vozone: Did you even read the question? This is about a contract describing a type of account, certainly not what you suggest... sorry!
6 hrs

neutral  Germaine: C'est pas plutôt a centralized header account ?
13 hrs
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Sweep accounts


Explanation:
Wikipedia
A sweep account combines two or more accounts at a bank or a financial institution, moving funds between them in a predetermined manner. Sweep accounts are useful in managing a steady cash flow between a cash account used to make scheduled payments, and an investment account where the cash is able to accrue a higher return.

Many banks and financial institutions offer a sweep account service for personal customers and small business owners. It has also become part of the arsenal of services offered by credit card companies.

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Note added at 1 day 4 hrs (2020-04-09 13:17:12 GMT)
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Sweep = Barrido

Básicamente se realiza un "barrido", que significa pasar todas las cuentas de las compañías, delegaciones o subsidiarias de un solo grupo empresarial a una cuenta centralizada. Cada una de estas cuentas traspasará sus saldos a la matriz. Así, también es posible mejorar la gestión de información financiera global.Mar 16, 2018

¿Qué es el cash pooling? | Contabilidad | Apuntes ... - ESAN

patinba
Argentina
Local time: 05:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1430

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: Any source?
13 hrs
  -> See above. BTW, when you have posted your own different answer, your "disagree" is implicit. Leave it to the rest of the readers to decide.
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