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option-adjusted

Portuguese translation: (diferenciais/spreads de crédito) ajustados de opções


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:option-adjusted
Portuguese translation:(diferenciais/spreads de crédito) ajustados de opções
Entered by: Dulce Cattunda
Options:
- Contribute to this entry
- Include in personal glossary

19:05 Nov 24, 2011
English to Portuguese translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: option-adjusted
"Global high-yield option-adjusted credit spreads fell to __%....."
Dulce Cattunda
Brazil
Local time: 17:04
(diferenciais/spreads de crédito) ajustados de opções
Explanation:
However, more pronounced increases were observed for issuers of bonds falling into the BBB rating category, where option-adjusted spreads (OAS)1 have widened by 115 basis points in the euro area and by more than 140 basis points in the United States since end-June 2007 (see Chart A).

Contudo, foram registados aumentos mais pronunciados nos emissores de obrigações inseridos na categoria de notação BBB, enquanto os diferenciais ajustados de opções registaram um aumento de 115 pontos base na área do euro e de mais de 140 pontos base nos Estados Unidos desde o final de Junho de 2007 (ver Gráfico A).

Boletim Mensal de 06/08
Selected response from:

Mariana Moreira
Brazil
Local time: 21:04
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2(diferenciais/spreads de crédito) ajustados de opções
Mariana Moreira
4 +1ajustadas para opções
Martin Riordan


  

Answers


2 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
(diferenciais/spreads de crédito) ajustados de opções


Explanation:
However, more pronounced increases were observed for issuers of bonds falling into the BBB rating category, where option-adjusted spreads (OAS)1 have widened by 115 basis points in the euro area and by more than 140 basis points in the United States since end-June 2007 (see Chart A).

Contudo, foram registados aumentos mais pronunciados nos emissores de obrigações inseridos na categoria de notação BBB, enquanto os diferenciais ajustados de opções registaram um aumento de 115 pontos base na área do euro e de mais de 140 pontos base nos Estados Unidos desde o final de Junho de 2007 (ver Gráfico A).

Boletim Mensal de 06/08

Mariana Moreira
Brazil
Local time: 21:04
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 474
Notes to answerer
Asker: Muito obrigada, Mariana!


Peer comments on this answer (and responses from the answerer)
agree  connie leite
7 mins
  -> Connie, obrigada

agree  Claudio Mazotti
1 hr
  -> Claudio, obrigada
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
ajustadas para opções


Explanation:
Como pode ler no link abaixo, é um ajuste que se faz nas margens de lucro (spreads) de um título financeiro para compensar o efeito das opções embutidas nele.

"If a bond has embedded options, its Option-adjusted spread (OAS) is the spread at which it presumably would be trading over a benchmark if it had no embedded optionality."

"Margens de lucro de crédito, ajustadas para opções, de alto rendimento cairam globalmente para ..." (é bem mais fácil dizer em inglês!)


    Reference: http://www.riskglossary.com/link/option_adjusted_spread.htm
Martin Riordan
Brazil
Local time: 17:04
Works in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 159

Peer comments on this answer (and responses from the answerer)
agree  cristinamarinho
4 days
  -> Obrigado, Cristina!
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