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|English to Spanish translations [PRO]|
|English term or phrase: payment leg|
|When settlement of the payment leg is made in CAS messages are sent to the depository organisation and to Banks A and B.|
|tramo del pago|
I suppose it is referring to a loan from some financial agency, such as the IMF bank, to some country or company. Tramo del pago is part of a payment (or of a loan). The depositary organization (or bank) is: organizacion depositaria, (or banco depositario).
I hope this is useful.
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