Glossary entry

Czech term or phrase:

otevřít záruka

English translation:

open a letter of [bank] guarantee

Added to glossary by Karel Kosman
Dec 2, 2010 09:03
13 yrs ago
Czech term

otevřít záruka

Czech to English Bus/Financial Finance (general)
one of the products offered by GE Banking's new online Trade Finance system, such as "zadávání příkazů k otevření akreditivu"

Discussion

Maria Chmelarova Dec 2, 2010:
otevrit zaruka/zaruku ? preco nie celu vetu?

Proposed translations

+2
3 mins
Selected

open a letter of credit

slovník

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Note added at 19 mins (2010-12-02 09:23:14 GMT)
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otevřít záruku? - bankovní záruka se dává/poskytuje - to provide bank guarantee (etc.)
www.forexfactory.com/showthread.php?t=264273
Note from asker:
zaruka is "letter of credit"?? But the previous product in the list was "zadávání příkazů k otevření akreditivu", which I translated as "letter of credit". The next product in the list was "zadávání příkazů k  otevření záruky"
Peer comment(s):

agree Ivan Šimerka
4 mins
Dík Ivane!
agree Hana Rutova
2 hrs
Dík Hano!
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4 KudoZ points awarded for this answer. Comment: "in one instance I also used "open letter of guarantee". Thanks Maria."
6 hrs

Letter of guarantee

kde guarantee = zaruka
bankovni zaruka = bank guarantee/ www.kb.cz (Konercni banka cz/en) - " created by written declaration by the bank in a letter of guarantee that it will satisfy the creditor (beneficiary) up to the level of specific financial amount if a third party (the debtor) fails to meet a specific obligation or if other conditions as set out in the letter of guarantee are not met".

Letter of Credit and Letter of Guarantee
www.ehow.com
" In a letter of guarantee, the bank doesn't switch the buyer's credit for its own credit. Instead, the bank essentially becoms a consignor for the bueyr ".

akreditiv- letter of credit, bill of credit, credit letter tak je to v slovnikoch ale internet ponuka aj hore uz uvedene.
Hoci bankovnictvo nie je moj "fach" definicia je dostatocne zrozumitelna.
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