Mar 2, 2016 12:42
8 yrs ago
Spanish term

CRACH

Spanish to English Bus/Financial Finance (general)
Hola, estoy traduciendo un resumen bancario y me aparece la sigla CRACH, no sé a qué se refiere. El banco es de Puerto Rico, Cooperativa Zeno Gandía. Alguien tiene idea?

Gracias!

Discussion

Jo Hance Mar 2, 2016:
Clearing Houses If it is a clearing house then it will have a date and time automatically 'stamped' to it. Agree with Phil, however, not your job to work it out. Ignore and move on! As I mentioned there are several clearing houses in Europe - go to bankofengland.co.uk to see them.
philgoddard Mar 2, 2016:
When you say the date, do you mean the date of the transaction, or the statement? If it's the former, is it a debit? Could it be the name of a payee? If so, I don't think it's your job to work out what it stands for.
Natalí Felcaro (asker) Mar 2, 2016:
The thing is that it is not a sentence, it's a bank statement and this acronym appears next to the date and the balance. It's an acronym.
philgoddard Mar 2, 2016:
Could we have the context, please, ie the Spanish sentence containing this word.

Proposed translations

38 mins
Selected

Caribbean Regional Automated Clearing House

See bankofengland.co.uk for recognised clearing houses in Europe. Is there something similar for the Caribbean?

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Note added at 51 mins (2016-03-02 13:34:22 GMT)
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See bankofengland.co.uk for European clearing houses

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Note added at 1 hr (2016-03-02 14:21:12 GMT)
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There is an Eastern Caribbean Currency Union - perhaps you should ask them directly - there is also NACHA (National Automated Clearing House Association) in the US - they might be able to help. Otherwise leave as is.
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Reference comments

31 mins
Reference:

Refs.

Perhaps the letters are AC ACH. "ACH" > Automated Clearing House

Automated Clearing House (ACH) - Wikipedia
https://en.wikipedia.org/wiki/Automated_Clearing_House
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States. ACH processes large volumes of credit and debit ...

direct deposit form for suppliers - Oficina de Finanzas
oficinafinanzas.uprrp.edu/.../Formulario%20de%20Deposito%20Directo...
that transactions through the Account Clearing House (ACH) are subject to federal ... in accounts of the financial institutions of the “Automated Clearing House” system ... Caribe Federal Credit Union ... Cooperativa Manuel Zeno Gandía.

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Note added at 32 mins (2016-03-02 13:15:49 GMT)
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Oops "CR" not "AC", so perhaps something along the lines of "Credit - Automated Clearing House (CR-ACH), but I am guessing.
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