Glossary entry

English term or phrase:

booking branch

Arabic translation:

الفرع الذي تم فيه / بواسطته الحجز

Added to glossary by hassan zekry
Jun 13, 2020 13:09
3 yrs ago
30 viewers *
English term

booking branch

English to Arabic Law/Patents Law: Contract(s)
The Purchaser may set off any matured obligation due from the Seller under this Agreement (to the extent beneficially owned by the Purchaser) against any obligation (matured or contingent) owed by the Purchaser to the Seller, regardless of the place of payment, booking branch or currency of either obligation. If the obligations are in different currencies, the Purchaser may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.
Change log

Jun 27, 2020 07:57: hassan zekry Created KOG entry

Proposed translations

+3
9 mins
Selected

الفرع الذي تم فيه / بواسطته الحجز

الفرع الذي تم الحجز فيه
Peer comment(s):

agree Youssef Chabat
2 mins
agree ABDESSAMAD BINAOUI
1 hr
agree Esraa Muhammad
1 day 5 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+1
11 mins

فرع الحجز

https://www.bis.org/publ/bcbs95.pdf
page 6

Booking branches

The term “booking branch” refers to a branch of a foreign bank where the branch has no meaningful mind and management in the jurisdiction in which it is licensed. Often, such branches are nothing more than “brass plates”, with only basic administrative services being supplied by a local agent who may provide such services to a number of banks. The management of the branch may be located in an office in the home jurisdiction of the head office or in an office located in a third jurisdiction, which may or may not be an office subject to supervision. The key distinction between booking branches and shell banks is that the former are part of an existing bank that is regulated by a home country supervisor.


https://www.gbm.hsbc.com/-/media/gbm/solutions/attachments/g...
page 29

13.1 یجوز لإتش إس بي سي، في أي وقت وبدون إشعار، أن یجمع أو یُدمج ویُوحد كافة
حسابات العمیل المُحتفظ بھا لدى إتش إس بي سي و/أو مقاصة أي من التزامات العمیل مقابل أي
التزام مستحق من قبل إتش إس بي سي إلى العمیل (بما في ذلك ما یتعلق بأیة ضمانات نقدیة، أو
العوائد المُستلمة أو المُحتفظ بھا من قبل إتش إس بي سي)، بغض النظر عن مكان الدفع أو فرع
الحجز
أو العملة لأي من الالتزامین.
HSBC may, at any time and without notice, combine or consolidate all the accounts of the Customer held with HSBC and/or set-off any Customer Liabilities against any obligation owed by HSBC to the Customer (including in respect of any Cash Collateral, or proceeds received or held by HSBC), regardless of the place of payment, booking branch or currency of either obligation.
Peer comment(s):

agree Youssef Chabat
1 min
جزيل الشكر
Something went wrong...
1 hr

الفرع المختص بالحجز

الفرع المختص بالحجز

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Note added at 2 hrs (2020-06-13 15:32:58 GMT)
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الفرع المعني بإجراءات الحجز
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