soft dollar

Portuguese translation: pagamentos através de benefícios/comissões (soft dollars)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	soft dollar
Portuguese translation:	pagamentos através de benefícios/comissões (soft dollars)
Entered by:	Lilian Magalhães

23:58 Mar 22, 2017

English to Portuguese translations [PRO]
Bus/Financial - Economics / adviser

English term or phrase: soft dollar

In asset management and securities industries, soft dollars are the benefits provided to an asset manager by a broker-dealer as a result of commissions generated from financial transaction executed by the broker-dealer for client accounts or funds managed by the asset manager.[1] In a soft dollar arrangement, the investment manager directs commissions generated by a client's or fund's transactions to a broker-dealer or other trading venue.[2] Soft dollars, in contrast to hard dollars (actual cash) which have to be reported, are incorporated into brokerage fees and paid expenses, which may not be reported separately (partly due to the difficulty in their valuation. Most investment managers follow the limitations detailed in Section 28(e) of the Securities Exchange Act of 1934.[3] In particular, if soft dollar arrangements are entered into with respect to registered investment companies and pension plans (ERISA and public plans), compliance with Section 28(e) is generally required.[4] However, hedge funds, which are generally not registered, may not be subject to the limitations of Section 28(e) and, thus, in some cases, the fund's commissions may be used for the adviser's benefit.[5] In situations where fund commissions are used outside of the Section 28(e) safe harbor, full and comprehensive disclosure must be provided to fund investors.[6]

Lilian Magalhães KudoZ activity Questions: 5558 (7 open) (103 closed without grading) Answers: 42 Brazil
Local time: 21:42

pagamentos através de benefícios/comissões (soft dollars)

Explanation:
Sugestão.

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Note added at 16 mins (2017-03-23 00:15:41 GMT)
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► http://www.investopedia.com/terms/s/softdollars.asp

Soft dollars are a means of paying brokerage firms for their services through commission revenue, as opposed to through normal direct payments (hard-dollar fees).

► http://bit.ly/2mW0ho5

"A Wright Capital não tem nenhum acordo de soft dollar (ex. recebimento de presentes, cursos, viagens etc.) e tem por política não aceitar acordos de soft dollar."

► http://bit.ly/2mW8ybj

Soft dollars (pagamento através de comissão)

Selected response from:

Rafael Barros
Brazil
Local time: 21:42

Grading comment

thanks
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +4

pagamentos através de benefícios/comissões (soft dollars)

Rafael Barros

Summary of reference entries provided

Definição

Ana Vozone

Discussion entries: 1

Answers

4 mins confidence:

peer agreement (net): +4

pagamentos através de benefícios/comissões (soft dollars)

Rafael Barros
Brazil
Local time: 21:42
Native speaker of:

Portuguese
PRO pts in category: 20

Grading comment

thanks

Reference comments

8 hrs

Reference: Definição

Reference information:
http://www.investopedia.com/terms/s/softdollars.asp

Ana Vozone
Works in field
Native speaker of:

Portuguese
PRO pts in category: 88

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soft dollar

Portuguese translation: pagamentos através de benefícios/comissões (soft dollars)

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soft dollar

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