French term
bénéficiaire de rétrocession
Here's the context:
« Le bénéficiaire de rétrocession doit respecter tous les engagements et les obligations pris au titre de la convention de rétrocession et s’assurer du respect de ces engagements et obligations par le(s) partenaire(s) local(aux), bénéficiaire(s) de rétrocession de second de niveau. »
Thank you for your time!
Best regards,
M.
4 | retrocession beneficiary | Francois Boye |
3 | recipient of the retrocession / retrocession recipient | Ana Vozone |
Jul 2, 2022 14:08: changed "Kudoz queue" from "In queue" to "Public"
Jul 2, 2022 23:00: Yolanda Broad changed "Vetting" from "Needs Vetting" to "Vet OK"
Proposed translations
retrocession beneficiary
Retrocession commission is controversial in the financial world because money is going back to marketers for advocating specific products.
Retrocession fees are typically recurring, with one-time kickbacks usually called a finder's fee, referral fee, or acquisition commission.
Types of retrocession fees include custody banking, trading, and financial product purchases.
Source: Investopedia
recipient of the retrocession / retrocession recipient
. Retrocessions are deemed to be payments paid by the Investment Manager
and its affiliates out of its investment management fee to eligible third parties for distribution
activities in respect of Shares in the Funds in and from Switzerland.
In the structured products industry, the recipient of the retrocession (i.e., the bank, which distrib- utes the relevant financial products) renders certain
https://www.google.com/search?q="recipient of the retrocessi...
A typical feature of retrocessions is that they are not paid to the recipient of the financial service but rather to the provider of the financial service.
In the event that a recipient of retrocessions forwards such retrocessions to investors (entirely or partly), the retrocessions shall not qualify as rebates.
Discussion
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