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tracker rate

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00:26 Oct 21, 2006
English to Lithuanian translations [PRO]
Bus/Financial - Finance (general) / mortgages
English term or phrase: tracker rate
The phrase occurs in the sentence "your mortgage will be changed to our standard tracker rate unless otherwise agreed". I understand that the phrase "tracker rate" means that the rate of interest payable on the loan follows or tracks the interest rate charged by the European Central Bank.
Vertimai
Ireland
Local time: 03:18
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Summary of answers provided
4etaloninė [susieta] palūkanų norma
Vita Juciuviene
1(palūkanų) norma su bazine dalimi
Ernestas Lomsargis


  

Answers


1 day9 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5
(palūkanų) norma su bazine dalimi


Explanation:
I am afraid, there is no simple Lithuanian term for "tracker rate". Of course, we can create a word-for-word translation "sekamoji (palūkanų) norma", but such combination of words is not used and would not be understood. In this situation, I suggest to use the shortest possible combination of words explaining the meaning of "tracker rate" – rate (of interest) with base part (e.g. LIBOR, rate set by BOE, etc.). (Another part is margin ("marža"), rate of interest set by bank.)

Ernestas Lomsargis
Local time: 05:18
Meets criteria
Specializes in field
Native speaker of: Native in LithuanianLithuanian
PRO pts in category: 24
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1 day10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
etaloninė [susieta] palūkanų norma


Explanation:
"Lietuvoje dažniausiai suteikiamos kintamos palūkanų normos hipotekos paskolos, kai palūkanų norma susiejama su LIBOR... Kintama palūkanų norma nustatoma paskolos išdavimo momentu ir priklauso nuo kokios nors kitos rinkoje esančios palūkanų normos, pavyzdžiui, LIBOR arba Iždo instrumentų pelningumo." Kancerevyčius G. (2006), Finansai ir investicijos [434 p.]

Example sentence(s):
  • London Interbank Offered Rate (or LIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale (or "interbank") money market.
  • Atsižvelgdamos į šį reikalavimą, Komisijos tarnybos iš naujo apskaičiavo bendrai taikomą palūkanų normą. Atitinkama etaloninė palūkanų norma yra 8,52 % ir ji buvo gauta pagal mėnesines komercines palūkanų normas, kurias tyrimo laikotarpiu

    Reference: http://en.wikipedia.org/wiki/LIBOR
    Reference: http://europa.eu.int/eur-lex/lex/LexUriServ/LexUriServ.do?ur...
Vita Juciuviene
Lithuania
Local time: 05:18
Meets criteria
Specializes in field
Native speaker of: Lithuanian
PRO pts in category: 36
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