Glossary entry (derived from question below)
Danish term or phrase:
pengenæring
English translation:
loan finance trade
Added to glossary by
dmesnier
Feb 23 19:48
2 mos ago
11 viewers *
Danish term
pengenæring
Danish to English
Bus/Financial
Law: Taxation & Customs
Skat legal guide
Hi, I'm trying to verify the best English translation for this. financial business? This appears in the following section the SKAT's legal guide. Thanks for your help!
Det angives således eksempelvis, at aktiviteterne udgør næring, når selskaber driver næring ved finansiering, såkaldt pengenæring. Vil funktioner i en afdeling af et udenlandsk koncernselskab, der går ud på at håndtere indlån og udlån til samtlige selskaber i koncernen (og på ingen måde uden for koncernen) anses for udøvelse af erhverv (finansieringsnæringsvirksomhed), der kvalificerer til et fast driftssted, hvis aktiviteten udøves gennem et fast forretningssted i Danmark? selskabers adgang
Det angives således eksempelvis, at aktiviteterne udgør næring, når selskaber driver næring ved finansiering, såkaldt pengenæring. Vil funktioner i en afdeling af et udenlandsk koncernselskab, der går ud på at håndtere indlån og udlån til samtlige selskaber i koncernen (og på ingen måde uden for koncernen) anses for udøvelse af erhverv (finansieringsnæringsvirksomhed), der kvalificerer til et fast driftssted, hvis aktiviteten udøves gennem et fast forretningssted i Danmark? selskabers adgang
Proposed translations
(English)
| 3 | loan finance trade |
Adrian MM.
|
| 3 +1 | financial business |
Pernille Kienle
|
| 1 | money services business |
andres-larsen
|
Proposed translations
2 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
8
Selected
loan finance trade
Although the context is a corporate one: 'når selskaber driver næring ved finansiering, såkaldt pengenæring', I reckon that my City of London ex-employers in the first weblink and concomitant example sentence have skewed the emphasis towards corporate vs. personal finance.
Financial business partakes not only of credit finance and borrowing, but also of investment schemes, so IMO is drawn wider and arguably catch a US-type 'money purchase scheme, namely an employee retirement benefit plan that resembles a corporate profit-sharing program.' (The UK peanuts-pension version I was once locked into - with an infamous life and insurance corporation that shall remain nameless - resembled more of a loss-sharing scam, but enough of that inequitable life).
Financial business partakes not only of credit finance and borrowing, but also of investment schemes, so IMO is drawn wider and arguably catch a US-type 'money purchase scheme, namely an employee retirement benefit plan that resembles a corporate profit-sharing program.' (The UK peanuts-pension version I was once locked into - with an infamous life and insurance corporation that shall remain nameless - resembled more of a loss-sharing scam, but enough of that inequitable life).
Example sentence:
UK: Although reliance on loan finance has to an extent been reduced by the growth of the capital markets, loan finance remains a *key component of corporate finance* in most countries.
Reference:
http://www.treasurers.org/ACTmedia/introtoloanfin.pdf
http://www.investopedia.com/terms/m/moneypurchasepensionplan.asp
4 KudoZ points awarded for this answer.
Comment: "Thanks for your help!"
+1
58 mins
Pernille Kienle
Canada
Canada
Native in Danish
&
English
Canada
Quality translations on time!
Native in: Danish , English
Works in: Danish to English, English to Danish
Related KudoZ points
:
8
financial business
Hope this helps :)
5 hrs
andres-larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
43
money services business
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https://www.fincen.gov › money-...
The term "money services business" includes any person doing business, whether or not on a regular basis or as an organized business concern, in one or more ...
Money Services Business (MSB) Information Center
https://www.irs.gov › businesses
11 oct. 2023 — An MSB is generally any person offering check cashing; foreign currency exchange services; or selling money orders, travelers' checks ...
Money laundering supervision for money service businesses
https://www.gov.uk › guidance
How to register. You should apply to register with HMRC using the online service. The registration will include a fit and proper test, unless you're: ... You'll ...
money services business Definition
https://www.lawinsider.com › m...
Define money services business. means a person or entity that is engaged in the business of remitting funds or transmitting funds by any means or through ...
Money Services Business Registration | City of New York
https://nyc-business.nyc.gov › mo...
Money services businesses (MSBs) must register with the Financial Crimes Enforcement Network at the United States Treasury Department.
money service business - FCA Handbook
https://www.handbook.fca.org.uk › ...
money service business · (a) operating a bureau de change; or · (b) transmitting money, or any representation of monetary value, by any means; or · (c) cashing ...
What is a Money Service Business?
https://www.ecspayments.com › ...
28 dic. 2023 — A money service business is any person, entity, partnership, or financial institution that handles the conversion or transfer of money.
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