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ein drei-Monats Forward Swap mit einer anschliessender Laufzeit von einem Jahr

English translation: a three-month forward swap with a subsequent term of one year

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Ein drei-Monats Forward Swap mit einer anschliessender Laufzeit von einem Jahr
English translation:a three-month forward swap with a subsequent term of one year
Entered by: Caitriona O'Callanain

10:15 May 8, 2002
German to English translations [PRO]
Bus/Financial - Investment / Securities / capital markets
German term or phrase: ein drei-Monats Forward Swap mit einer anschliessender Laufzeit von einem Jahr
used in context with an investment proposal
Caitriona O'Callanain
Local time: 18:50
a three-month forward swap with a subsequent tem of one year
Explanation:
A swap agreement with the period covered by the exchange beginning at a future date. Often priced as two partially offsetting swaps-both starting immediately, but one ending on the deferred start date of the forward swap. For example, a one-year swap and a five-year swap could partially offset to create a four-year swap, starting one year forward. Also called Forward Start Swap, Deferred Start Swap, Delayed Start Swap

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Note added at 2002-05-08 10:37:06 (GMT)
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The definition above is for a plain \"forward swap\".
Selected response from:

Alison Schwitzgebel
France
Local time: 19:50
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2a three-month forward swap with a subsequent tem of one year
Alison Schwitzgebel
4 +2sentence
gangels (X)
4 +1a three-month forward swap with a one-year optional extension
Roddy Stegemann


  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
a three-month forward swap with a subsequent tem of one year


Explanation:
A swap agreement with the period covered by the exchange beginning at a future date. Often priced as two partially offsetting swaps-both starting immediately, but one ending on the deferred start date of the forward swap. For example, a one-year swap and a five-year swap could partially offset to create a four-year swap, starting one year forward. Also called Forward Start Swap, Deferred Start Swap, Delayed Start Swap

--------------------------------------------------
Note added at 2002-05-08 10:37:06 (GMT)
--------------------------------------------------

The definition above is for a plain \"forward swap\".


    Reference: http://newrisk.ifci.ch/00011529.htm
Alison Schwitzgebel
France
Local time: 19:50
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 73

Peer comments on this answer (and responses from the answerer)
agree  Ted Wozniak
24 mins
agree  Ralf Lemster: Alternatively: a one year swap three months forward
38 mins
neutral  Roddy Stegemann: I find this translation vague, and the explanatory note provided by Ralf in error. Please see below.
46 mins
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
a three-month forward swap with a one-year optional extension


Explanation:
1) A forward contract is a contract between two traders for delivery of an asset in the future at a price determined today.

2) A forward swap is an agreement to exchange two forward contracts.

3) A three-month forward swap is an agreement to exchange three-month forward contracts

4) A three-month forward swap with a one-year (optional) extension is an agreement to continue exchanging three-month forward contracts for an additional year, if both parties to the agreement consent to the extension.

Roddy Stegemann
United States
Local time: 10:50
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  sylvie malich (X): yeah, Hamo, I think the "one year optional extension" here is a more appropriate translation for "anschleissender Laufzeit von einem Jahr"
6 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
sentence


Explanation:
A three month forward swap with one year expiration

Everybody familiar with the subject will know. No need for "subsequent', or "followed by", or "add-on". Just betrays you as a "Denglish" translator.

gangels (X)
Local time: 11:50
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 45

Peer comments on this answer (and responses from the answerer)
agree  Сергей Лузан
59 mins
agree  Dr.G.MD (X)
1 hr
neutral  Roddy Stegemann: This translation suggest that the additional (anschliessender) one-year extension includes the first three months of the initial contract. It appears improper.
10 hrs
  -> Not at all, if it was meant to include the first three months, it would be a nine-month extension. Swaps always are traded in 3 month cycles, so should really say 12-month extension, but in German it may sound strange.
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