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B-Depot

English translation: securities escrow account

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:B-Depot
English translation:securities escrow account
Entered by: Ted Wozniak

13:03 Dec 7, 2020
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: B-Depot
This is taken from the same text as my previous question about "Bestandsverkäufer", and like there, I know what the term means (e.g. "Ein B-Depot besteht aus Wertpapieren, die einem Anleger gehören. Die Bank verwaltet diese [...].", https://www.godmode-trader.de/know-how/depot,3864148) - but I'm drawing a blank with what we'd actually call it in English!

e.g. "Dies zeigt sich insbesondere dann, wenn aus irgendwelchen Gründen der im A- und B-Depot des Kreditinstituts bei CBF insgesamt verbuchte Bestand geringer sein sollte, als die Summe der in den Depots der Kunden bei dem Kreditinstitut verbuchten Bestände."
Jennifer Caisley
United Kingdom
Local time: 05:17
securities escrow account
Explanation:
Aka Fremd- oder Anderdepot.

The Banklexikon referenced below gives "third-party securities account"
Selected response from:

Ted Wozniak
United States
Local time: 23:17
Grading comment
Thank you - I ended up going for your second option of "third-party securities account" (which Daniel also suggested, but I think you got there first!)
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2securities escrow account
Ted Wozniak
3Custody account
Daniel Arnold (X)
3< Client Investors' > B-Class securities trust account
Adrian MM.


  

Answers


40 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
securities escrow account


Explanation:
Aka Fremd- oder Anderdepot.

The Banklexikon referenced below gives "third-party securities account"


    Reference: http://www.banklexikon.info/d/depot/depot.htm
    https://www.gabler-banklexikon.de/definition/depot-b-56939
Ted Wozniak
United States
Local time: 23:17
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 103
Grading comment
Thank you - I ended up going for your second option of "third-party securities account" (which Daniel also suggested, but I think you got there first!)

Peer comments on this answer (and responses from the answerer)
agree  writeaway
4 hrs
agree  Barbara Schmidt, M.A. (X): agree - absolutely
10 days
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Custody account


Explanation:
Custodial account is also used, but I found that has two meanings. I don't think there is an established strict term. This is what UBS calls them. But you might also call them third-party securities account and there are many other options.


    https://www.ubs.com/ch/en/swissbank/corporates/investment/custody-account.html
    https://workplaceservices.fidelity.com/bin-public/070_NB_PreLogin_Pages/documents/403b_IndividualCustodialAccount_373616.pdf
Daniel Arnold (X)
Australia
Local time: 06:17
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 5
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
< Client Investors' > B-Class securities trust account


Explanation:
The mian reason I have not used 'custodial a/c' is because Daniel A. got there - or near there - first.

That apart, it's an idea to be wary of escrow account for UK consumption. It's liable to be open to ambiguity with the US meaning of a stakeholder money a/c as opposed to an account of deed-escrow, namely deeds of conveyance held subject to a condition or conditions - the latter being the only meaning in the City of London in 'my day'.

Again, B Class is not supposed to reflect the US-Am corporate-law or GB company-law definitions of such stocks.

Example sentence(s):
  • Class B shares are a share class of common stock of a corporation
  • Schwab Brokerage One Trust Accounts protect and manage your assets

    Reference: http://en.wikipedia.org/wiki/Custodial_account
    Reference: http://www.escrow.com/what-is-an-escrow-account
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
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