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English translation: buy and exchange foreign currencies from client\'s foreign currency account(s)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Serbian term or phrase:otkup (deviza sa računa)
English translation:buy and exchange foreign currencies from client\'s foreign currency account(s)
Entered by: Bogdan Petrovic

06:08 Aug 24, 2022
Serbian to English translations [PRO]
Bus/Financial - Finance (general) / revolving loan
Serbian term or phrase: otkup (deviza sa računa)
Klijent takođe ovlašćuje Banku da, u slučaju da nema sredstava na dinarskim računima, Banka može da izvrši otkup i konverziju odgovarajućeg deviznog iznosa sa deviznih računa Klijenta kod Banke po kupovnom kursu Banke na dan otkupa i da istog dana prenese sredstva na Klijentov tekući račun radi naplate dospelih potraživanja iz ovog Ugovora.
Bogdan Petrovic
Serbia
Local time: 07:18
buy and exchange foreign currencies from client's foreign currency account(s)
Explanation:
[Banka može] da izvrši otkup i konverziju odgovarajućeg deviznog iznosa sa deviznih računa Klijenta kod Banke po kupovnom kursu Banke na dan otkupa
=
[... is authorised to/can] buy and exchange the appropriate amount of foreign currencies from Client's foreign currency account(s) with the Bank at the Bank's "buy" rate applicable on the day ...

There is no need to make any assumptions about where that foreign currency came from.
Selected response from:

Daryo
United Kingdom
Local time: 06:18
Grading comment
Hvala!
4 KudoZ points were awarded for this answer



Summary of answers provided
4buy and exchange foreign currencies from client's foreign currency account(s)
Daryo
4 -1currency buyback
Vesna Maširević


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
currency buyback


Explanation:
The bank shall buy back and convert (perform currency conversion of) the corresponding amount in foreign currency from the client's foreign accounts ... at the buying exchange rate applicable on the day of buyback ...

https://www.eurochange.co.uk/travel-money/sell-travel-money

Vesna Maširević
Serbia
Local time: 07:18
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in Serbo-CroatSerbo-Croat
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
disagree  Daryo: "buyback" implies that that foreign currency was previously sold to this client by exactly that same bank - unnecessary assumption.
17 hrs
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21 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
izvršiti otkup deviza sa računa
buy and exchange foreign currencies from client's foreign currency account(s)


Explanation:
[Banka može] da izvrši otkup i konverziju odgovarajućeg deviznog iznosa sa deviznih računa Klijenta kod Banke po kupovnom kursu Banke na dan otkupa
=
[... is authorised to/can] buy and exchange the appropriate amount of foreign currencies from Client's foreign currency account(s) with the Bank at the Bank's "buy" rate applicable on the day ...

There is no need to make any assumptions about where that foreign currency came from.

Daryo
United Kingdom
Local time: 06:18
Specializes in field
Native speaker of: Native in SerbianSerbian, Native in FrenchFrench
PRO pts in category: 55
Grading comment
Hvala!
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