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national principal contract

Czech translation: derivátový obchod/swapový kontrakt

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:national principal contract
Czech translation:derivátový obchod/swapový kontrakt
Entered by: Marek Obdrzalek

14:45 Jun 28, 2014
English to Czech translations [PRO]
Bus/Financial - Law: Taxation & Customs / Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting
English term or phrase: national principal contract
This is from a tay-related form (USA). I provide the section where the "national principal contract" appears.

Certified Deemed-Compliant FFI with Only Low-Value Accounts
19
I certify that the FFI identified in Part I:
• Is not engaged primarily in the business of investing, reinvesting, or trading in securities, partnership interests, commodities, notional principal contracts, insurance or annuity contracts, or any interest (including a futures or forward contract or option) in such security, partnership interest, commodity, notional principal contract, insurance contract or annuity contract;
• No financial account maintained by the FFI or any member of its expanded affiliated group, if any, has a balance or value in excess of $50,000 (as determined after applying applicable account aggregation rules); and
• Neither the FFI nor the entire expanded affiliated group, if any, of the FFI, have more than $50 million in assets on its consolidated or combined balance sheet as of the end of its most recent accounting year.

Notes:
FFI = Foreign Finance Institution
Marek Obdrzalek
Czech Republic
Local time: 00:23
derivátový obchod/swapový kontrakt
Explanation:
správně: "notional principal contract" (NPC)

"The term notional principal contract (NPC) is a term of art used by U.S. federal income tax professionals for contracts based on an underlying notional amount (other financial services professionals refer to such NPCs under the more general heading "swaps," although not all swaps are NPCs)."

"Finanční deriváty jsou instrumenty, jejichž hodnota je odvozena z hodnoty tzv. podkladového aktiva."
Selected response from:

jankaisler
Local time: 00:23
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Děkuji.
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Summary of answers provided
3derivátový obchod/swapový kontrakt
jankaisler


  

Answers


33 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
derivátový obchod/swapový kontrakt


Explanation:
správně: "notional principal contract" (NPC)

"The term notional principal contract (NPC) is a term of art used by U.S. federal income tax professionals for contracts based on an underlying notional amount (other financial services professionals refer to such NPCs under the more general heading "swaps," although not all swaps are NPCs)."

"Finanční deriváty jsou instrumenty, jejichž hodnota je odvozena z hodnoty tzv. podkladového aktiva."


    Reference: http://en.wikipedia.org/wiki/Notional_principal_contract
    Reference: http://cs.wikipedia.org/wiki/Finan%C4%8Dn%C3%AD_deriv%C3%A1t
jankaisler
Local time: 00:23
Specializes in field
Native speaker of: Czech
PRO pts in category: 48
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Děkuji.
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