Glossary entry (derived from question below)
Romanian term or phrase:
produse în valută
English translation:
foreign currency products
Romanian term
produse în valută
Cont nou
Cont IBAN nou
Titular
Produse în valută
4 +1 | foreign currency products | Ana-Maria Vieru |
3 | proceeds received in foreign currency | Adrian MM. |
Proposed translations
foreign currency products
Foreign currency products originated after 1998 carried lower fixed interest rates than the Bauspar adjustable-rate cap and were often used to prepay many old Bauspar loans.
http://documents1.worldbank.org/curated/en/38387146833671283...
http://documents1.worldbank.org/curated/en/383871468336712836/pdf/693820RSC0P1130tgage0loans0Jan02011.pdf
proceeds received in foreign currency
IATE: en Convention on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime Council Money Laundering Convention Council ro Convenția europeană privind spălarea, descoperirea, sechestrarea și confiscarea produselor
In principle, the issuer can simply sell the foreign currency proceeds against the target currency.
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