English to German translations [PRO]
Bus/Financial - Investment / Securities | | English term or phrase: preferred equity securities | Balance sheet and income statement.
Der Posten steht unter "Other financial liabilities". |
| | | Hybridkapital (Vorzugsanteile) | Explanation:
oder Hybridkapital (Preferred Equity Securities)
Hier scheint es sich um so genanntes Hybridkapital zu handeln, also Instrumente, die sowohl Eigenkapital- als auch Fremdkapitalcharakter haben. Sie sind möglicherweise mit einem Recht auf Rückgabe an die Gesellschaft (redemption right)verbunden, oder haben andere Merkmale, die sie von normalen Eigenkapitalanteilen unterscheiden. Daher würde ich auch nicht den Begriff "Vorzugsaktien" verwenden.
z.B. hier: http://www.aar.com.au/pubs/itm/dec01/feature.htm
Preferred and hybrid securities
This category comprises preferred equity, redeemable preferred equity, convertible preferred equity and converting preferred equity. Each has the characteristics as described below.
Preferred equity
Preference shares or preference units are like debt instruments in a commercial sense in that they carry a fixed dividend (payable only to the extent there are profits). In a winding up the preferred equity ranks ahead of ordinary equity as regards return of capital.
Redeemable preferred equity
Preference shares or units can be made redeemable (but redemption of preference shares may only occur out of profits or out of the proceeds of a fresh issue of shares for the purpose of funding redemption). A redemption right makes this type of security more like a loan. Redeemable preference shares used to be a very popular financing technique.
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| Selected response from:
 René Laszlo
Germany
Local time: 07:09
| Grading comment Und nochmals danke!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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33 mins confidence:   peer agreement (net): +2 Hybridkapital (Vorzugsanteile)
Explanation:
oder Hybridkapital (Preferred Equity Securities)
Hier scheint es sich um so genanntes Hybridkapital zu handeln, also Instrumente, die sowohl Eigenkapital- als auch Fremdkapitalcharakter haben. Sie sind möglicherweise mit einem Recht auf Rückgabe an die Gesellschaft (redemption right)verbunden, oder haben andere Merkmale, die sie von normalen Eigenkapitalanteilen unterscheiden. Daher würde ich auch nicht den Begriff "Vorzugsaktien" verwenden.
z.B. hier: http://www.aar.com.au/pubs/itm/dec01/feature.htm
Preferred and hybrid securities
This category comprises preferred equity, redeemable preferred equity, convertible preferred equity and converting preferred equity. Each has the characteristics as described below.
Preferred equity
Preference shares or preference units are like debt instruments in a commercial sense in that they carry a fixed dividend (payable only to the extent there are profits). In a winding up the preferred equity ranks ahead of ordinary equity as regards return of capital.
Redeemable preferred equity
Preference shares or units can be made redeemable (but redemption of preference shares may only occur out of profits or out of the proceeds of a fresh issue of shares for the purpose of funding redemption). A redemption right makes this type of security more like a loan. Redeemable preference shares used to be a very popular financing technique.
| René Laszlo
Germany
Local time: 07:09
Specializes in field
Native speaker of:  German
PRO pts in category: 40
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