la contrapartida incompleixi
English translation: default / non-performance by the counterparty
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| 11:02 Jun 23, 2009 |
| Catalan to English translations [PRO] Bus/Financial - Finance (general) / investment fund prospectus | |||||||
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|  Selected response from: Andy Watkinson Spain Local time: 20:59 | ||||||
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| 4 | such as failure/default by the counterparty |
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| 4 | non-fulfillment / non-performance of the counterparty |
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Answers
37 mins confidence: 
such as failure/default by the counterparty Explanation: The counterparty is the "other party" in any financial transaction. Basically it's saying that the Fund uses derivatives outside the organised markets and therefore "counterparty risk" exists as there is no clearing house to support the Fund if there is a breach by the counterparty. PDF] 1 Assessing Counterparty Credit Risk in the U.S. Secondary Loan ... - [ Traducir esta página ] Formato de archivo: PDF/Adobe Acrobat - Versión en HTML 6 Jun 2008 ... The risk that a trading counterparty may not fulfill its obligations ... Alternatively, seller may choose to breach its obligation under the ... www.lsta.org/WorkArea/downloadasset.aspx?id=3258 |
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33 mins confidence:
non-fulfillment / non-performance of the counterparty Explanation: "The Fund shall also use derivative financial instruments not used in organised markets with the objective of hedging, according to the Regulations in force and only for those investments that are authorised. This also entails additional risks, like the non-fulfilment of the counterparty, due to the lack of a compensation chamber between the parties that would ensure a positive result in operations." This translation is not perfect (for example, "càmara de compensació" should be "clearing house", but it should help. -------------------------------------------------- Note added at 1 day4 hrs (2009-06-24 15:25:08 GMT) -------------------------------------------------- Actually, I agree with Andy on the preposition: it should be 'by' and not 'of' Reference: http://bancaja.es/ing/archivos/pdfs/gebasa/folleto/049.pdf |
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