May 27, 2002 03:32
21 yrs ago
1 viewer *
English term
the switching redemption
English to Spanish
Bus/Financial
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:
"If the impact of processing switching request transactions received from all sources is deemed to be injurious to one of the Funds, we in our sole discretion may elect to delay the purchase side of the transaction for up to seven days. In such a circumstance, the switching redemption would be made at the price in effect on the first day and the switching purchase would use the price of a date not more than seven days later."
"If the impact of processing switching request transactions received from all sources is deemed to be injurious to one of the Funds, we in our sole discretion may elect to delay the purchase side of the transaction for up to seven days. In such a circumstance, the switching redemption would be made at the price in effect on the first day and the switching purchase would use the price of a date not more than seven days later."
Proposed translations
(Spanish)
5 | SWITCH REDEMPTION... | Aurora Humarán (X) |
4 +4 | rescate | Sebastián Sierpe Toral (X) |
Proposed translations
5 hrs
Selected
SWITCH REDEMPTION...
To switch is to "retirar fondos de un fondo de inversión y colocarlos en otro fondo de inversión". The process is usually called "rescate" (also called recompra) as the Translator above me proposes...
1 KudoZ points awarded for this answer.
Comment: "Gracias Aurora, gracias Sebastián !,
Escogí la aclaración tuya Aurora porque la información que originalmente colocaste más la que me enviaste por correo, me han dado una base para intentar traducir ambos términos donde aparece la palabra "switching": "switching redemption" y "switching purchase"."
+4
54 mins
rescate
.....
Peer comment(s):
agree |
Melissa Damonte
9 mins
|
agree |
Aurora Humarán (X)
: sí y aclaro un poquitio más...
4 hrs
|
agree |
dimples (X)
11 hrs
|
agree |
ritchi
16 hrs
|
Discussion