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02:59 May 27, 2002
This question was closed without grading. Reason: No acceptable answer
English to Spanish translations [PRO] Bus/Financial
English term or phrase:by transfer for value to the relevant Agent
Phrase found in a paragraph of a so called Intermediary Agreement between a family of funds based in the Cayman Islands and any person or company who wants to work as intermediary in the selling and buying of the funds' shares. The exact paragraph follows:
"Payment for Shares suscribed by or through you shall be made payable to the relevant Fund, free from all bank or transfer charges, in United States dollars, by transfer for value to the relevant Agent..."