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forward markets

Spanish translation: mercados de futuros

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	forward markets
Spanish translation:	mercados de futuros
Entered by:	Yaotl Altan

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16:56 Aug 7, 2007

English to Spanish translations [PRO]
Bus/Financial - Finance (general) / stocks

English term or phrase: forward markets

...investors are buying credits to sell on spot, forward, primary and secondary markets...

Angel Biojo KudoZ activity Questions: 546 (4 open) (1 without valid answers) (2 closed without grading) Answers: 110 United States
Local time: 17:58

mercados de futuros

Explanation:
:)

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Note added at 8 mins (2007-08-07 17:04:12 GMT)
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http://www.infoaserca.gob.mx/glosario.htm

Son mercados regulados en donde no se negocian las existencias físicas de un producto determinado, sino que se compran y se venden los contratos a futuro.

Por ejemplo: petróleo, café, cacao, maíz, etc.

Salu2, colega ecuatoriano :)

Selected response from:

Yaotl Altan
Mexico
Local time: 19:58

Grading comment

Gracias Yaotl
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +4

mercado de forwards

Alejandra Vercellini

5 +4

mercados de futuros

Yaotl Altan

5 +2

mercados a plazo

Gonzalo Tutusaus

mercados a plazo/a término/de futuros/forward

María Diehn

Mercado de futuros

Yolanda Bello Olvera

Answers

4 mins confidence:

peer agreement (net): +4

mercados de futuros

Yaotl Altan
Mexico
Local time: 19:58
Works in field
Native speaker of:

Spanish,

Italian
PRO pts in category: 119
2 corroborated select projects
in this pair and field

Grading comment

Gracias Yaotl

Peer comments on this answer (and responses from the answerer)

agree

Tradjur

4 mins

-> Gracias, colega. :)

agree

Yolanda Bello Olvera

12 mins

-> Gracias, colega.

agree

Smartranslators

32 mins

-> Thanx!

agree

MikeGarcia

1 hr

-> grazie, macho

agree

Rocio Barrientos

2 hrs

-> Obrigado :)

agree

Victoria Frazier

10 hrs

-> Grazie :)

disagree

jack_speak: Forward, not Future. Son diferentes.

10 hrs

-> Thanx, jack!

neutral

María Diehn: jack spoke :) No obstante, he aprendido que la democracia manda. Y LW decía que el significado es el uso. Yo no traduciría "futuros" pero en un ámbito no exigente en exceso, vale.

11 hrs

-> Merci :)

disagree

moken: ¡Hola compañero de armas! De todos modos Yaotl, creo que nunca es tarde por lo menos para poder editar el glosario para consultas futuras. Yo trabajé 13 años en estos mercados y te puedo decir con total seguridad que futuros y fwds son cosas diferentes.

254 days

14 mins confidence:

Mercado de futuros

Explanation:
Un mercado de futuros es donde se compran y venden contratos para el envío de commodities o instrumentos en fecha futura. Los contratos de futuros son acuerdos por los cuales las partes intervinientes en los mismos se obligan a la compra o venta de un número determinado de bienes o títulos a un precio y en una fecha futura estipulados de antemano en el contrato.

Los futuros cubren riesgos sobre variaciones en el tiempo y aseguran la provisión de bienes y servicios con anterioridad. El acuerdo estandarizado en el que una de las partes se compromete a comprar (en el caso del comprador del contrato) y la otra a vender (en el caso del vendedor del mismo) en una fecha futura y a un precio prefijado genera una obligación legal que debe ser respetada a través del tiempo.

Reference: http://gestiopolis.com/recursos/experto/catsexp/pagans/fin/3...
Reference: http://www.thectr.com/glossary/spanish.htm

Yolanda Bello Olvera
Mexico
Native speaker of:

Spanish

1 hr confidence:

peer agreement (net): +2

forward markets mercados a plazo

Explanation:
En mi opinión, la frase se refiere a los mercados a plazo en general (es decir, englobando a los de futuros, opciones, forwards y derivados en general), en contraposición a los mercados al contado.

Yo lo traduciría como "... para vender en los mercados al contado, a plazo, primarios y secundarios.

Un saludo.

Gonzalo Tutusaus
Netherlands
Local time: 02:58
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 888

32 mins confidence:

peer agreement (net): +4

mercado de forwards

Explanation:
Definitivamente lo traduciría así. Un contrato de forward no es lo mismo que uno de futuros.
Espero te ayude.
Saludos!!
Alejandra

--------------------------------------------------
Note added at 7 hrs (2007-08-08 00:09:28 GMT)
--------------------------------------------------

Las diferencias están bien explicadas aquí:
http://www.investopedia.com/ask/answers/06/forwardsandfuture...

Alejandra Vercellini
Local time: 21:58
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 16

Peer comments on this answer (and responses from the answerer)

agree

LilianaV: Buenas tardes: Estoy de acuerdo con Alejandra. Son muy similares, pero sí existen diferencias. Wikipedia proporciona un resumen fácil de entender: http://en.wikipedia.org/wiki/Futures_contract#Futures_vs._Fo...

15 mins

-> Muchas gracias Liliana!

agree

jack_speak: CLARO que si, y que existem diferencias. Futures NO equivale a Forwards.

10 hrs

-> Gracias Jack!

agree

María Diehn: A pesar de que no encaja con mi estilo habitual de traducir siempre, este caso es especial, pues, como verá en la respuesta que me ví obligada a publicar por falta de espacio aquí, la "otra" opción se adueñó del mercado. Eso sí: con comillas o versales.

11 hrs

-> Gracias María! En mi opinión, la principal diferencia es que los contratos de forwards se negocian entre partes, mientras que los de futuros están más estandarizados y tiene un mercado más líquido.

agree

moken: Lo que hay que ver... ;O)

254 days

11 hrs confidence:

mercados a plazo/a término/de futuros/forward

Explanation:
Es muy cierto que se usa, que aparece en muchísimos glosarios y diccionarios, incluso en el que cito, como traducción de "forward market", la expresión "mercado de futuros".
La traducción que usted haga, entonces puede acogerse a esa forma generalizada de traducirla, si no es muy técnica y si no tiene en cuenta la diferencia existente, desde el punto de vista de la evolución de los mercados derivativos, entre el mercado "forward" y el mercado de futuros. Una diferencia básica entre ambos,según el documento que cito, es la "estandarización" (la normalización) de los segundos.
A continuación, algunos textos ilustrativos. En priemr lugar, definiciones tomadas de la primera fuente que cito abajo. Luego, algunos apartes muy claros sobre esas diferencias, tomados de la segunda fuente que cito abajo.

Forward Contract Sometimes used as synonym for "forward deal" or "future". More specifically for arrangements with the same effect as a forward deal between a bank and a customer.

1) Forward Cover Taking Forward contracts to protect against movements in the exchange rate.

Forward Deal A deal with a value date greater than the spot value date.

Forward Forward A forward / forward deal is one where both legs of the deal have value dates greater than the current spot value date.

Forward Margins Discounts or premiums between spot rate and the forward rate for a currency. Normally quoted in points.

Forward Maturities Trading days on which days contracts can be transacted later than the spot date.

2) "The writing of this paper about the economic history of BMSP had four objectives in view: (1)the exam of the process of development of futures contracts for commodities in developing countries, and the role of forward contracts; [...]

The economic history of commodities exchanges in countries like United States, Japan and Holland shows that there is a long time span in the institutional process of derivatives market creation. There is a long time interval between the beginning of the spot market, which in general is followed by the development of a forward market, and ends up by the creation of a futures (and options) market. In these countries, the long institutional process of the consolidation of the exchanges was done in tandem with the development of other chain links of the agribusiness object of futures operations [...]

The system of forward contracts continued to develop and evolve, and gradually transformed into futures contracts, in a process that lasted about fifty years. In order to make them distinct from forward contracts, the futures contracts standardized several features (contract size, {etc... please read if you are interested in finding out the difference}
"A **futures contract** is a standard agreement between two parties, that obliges one party to sell and the other to buy a certain quantity and quality of cotton at a given price, at or before a certain date in the future.
The key word is standardization. All the conditions under which the cotton will be transferred from seller to buyer are established by the exchange before the transaction begins. The only thing left for the parties to trade and fix is the future price. Exchanges, in general, follow basic rules about margins of guarantee and daily adjustments of payment settlements for the contracts, [...]"

Doy mi respuesta aquí, porque con todos estos comentarios no la puedo "colgar" de aquella con la que estoy de acuerdo: la que ofrece la palabra en inglés, pues no cabe.

Reference: http://www.realtimeforex.es/glosario-forex.htm#F
Reference: http://www.helsinki.fi/iehc2006/papers1/Carvalho.pdf

María Diehn
United States
Local time: 17:58
Works in field
Native speaker of:

Spanish
PRO pts in category: 15

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Changes made by editors

Aug 12, 2007 - Changes made by Yaotl Altan:
Edited KOG entry	Angel Biojo's old entry - "forward markets " => "mercados de futuros"

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