Glossary entry

German term or phrase:

AS-Kapital

English translation:

investment trust-certificated capital

Added to glossary by Adrian MM.
Sep 2, 2020 11:06
3 yrs ago
34 viewers *
German term

AS-Kapital

German to English Bus/Financial Accounting
This is an analysis of a Swiss company’s accounts. The queried term is in asterisks.

Eigenkapital am 01.01.2020 (vor Gewinnverwendung)
Gewinnverwendung aus Vorjahresgewinn
- Dividende
- Verzinsung *AS-Kapital*
- Zuweisung an Reserven
Veränderung Grundkapital/Reserven
- Veränderung Gesellschaftskapital
- Veränderung gesetzliche Kapitalreserve
- Veränderung gesetzliche Gewinnreserve
- Veränderung freiwillige Gewinnreserven

Could this stand for "Anteilscheinkapital"? - there are some hits for this as "participation certificate capital" - but I am not convinced.
Also translated as "housing cooperative share capital" which acts as a sort of deposit scheme / when apartment owners put together capital at the beginning to build the building instead of taking a loan from a bank - but this company has nothing to do with real estate / renting, so that would not fit.

Any ideas?
Proposed translations (English)
4 investment trust-certificated capital
Change log

Oct 5, 2020 09:07: Adrian MM. Created KOG entry

Proposed translations

9 hrs
German term (edited): (CH: an einem Anlagefonds) AS-Kapital
Selected

investment trust-certificated capital

> for an investment fund in no par-value securities.

Yes. I agree with Anteilscheinkapital, but beware of conflating with Partizipationsschein-Kapital (PS-Kapital) participation certificate capital and of comments claiming they are synonyms - in law and Swiss banking there rarely are-

Handbuch des Geld-, Bank- und Börsenwesens der Schweiz /costing Sfr 179 a quarter of a century ago:

1. Anteilschen - Urkunde über die Mitgliedschaft einer Genossenschaft---- In der Praxis wird oft mit der Aktie oft kein wesentlicher Unterschied gemacht.--- Für die Rückzahlung des AS-Kapitals von Genossenschaftsbanken gilt die besondere Regelung nach Art. 12 Bank Gesetz....
2. Urkunde über die Beteiligung an *einem Anlagefonds*.... Solche A. werden auch *Trust-Zertifikate oder Investment Trust-Zertifikate* genannt. Es handelt isch um *nennwertlose* Wertpapiere. die auf den Inhaber oder auf den Namen lauten. Nameanteilscheine von Alagefonds sind gesetzliche Ordrepapiere (Art. 20 AFG / Anlagefondsgesetz).

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Note added at 1 jour 7 heures (2020-09-03 18:09:43 GMT)
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No g/hits. That's why I copied out large chunks of the Swiss-German banking dictionary, oft with built-in French, Italian and English equivalents e.g. trust and investment trust cert. for Anteilschein.

The same goes for stock UK notarial turns of phrase in the textbook incl. footnotes of Brooke's Notary and that most ProZ translators are wont to ignore.
Example sentence:

A trust certificate is a bond or debt investment, usually in a public corporation, that is backed by other assets.

Note from asker:
I like your explanation, but I can't seem to find any English sites to back your answer up.
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Thanks "
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