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retaining revolvers

Spanish translation: créditos autorrenovables

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:retaining revolvers
Spanish translation:créditos autorrenovables
Entered by: César Cornejo Fuster
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13:58 Feb 16, 2005
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / credit
English term or phrase: retaining revolvers
Conflicts potentially exist:
Warehousing/Ramp up: Sale of initial portfolio to Kestrel
Sourcing of assets into CLO or Balance Sheet
Sale of credit impaired assets

Solutions taken:
Initial Portfolio is constructed by taking off predominantly B, C and Mezz loans from the balance sheet to seed the CLO and retaining revolvers and A tranches.
Approval process is similar for balance sheet and CLO. Allocation to CLO will be done on a case by case basis by WLB-LF acting in good faith and on an arm’s length basis.
If sale decision of impaired asset is taken both positions (CLO and B/S) will be liquidated. If bids obtainable are less than for total holding pro rata attribution will be made.
César Cornejo Fuster
Local time: 18:47
créditos autorrenovables
Explanation:
revolving credits are those where a bank agrees to make loans up to a specified maximum for a specified period. As the borrower repays a portion of the loan, an amount equal to the repayment can be borrowed again under the terms of the agreement.BARRON'S DICTIONARY OF FINANCE
Revolving credit - crédito autorrenovable / rotativo (Diccionario Bancario, R. Gil Esteban, Banco Popular Español.
Retaining, in my opinion, is not part of the term; I see the sentence as "taking off a and b and retaining c and d"

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Note added at 1 day 2 hrs 39 mins (2005-02-17 16:37:53 GMT)
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Revolving credit - Revolver: Crédito rotativo / autorrenovable Línea de crédito concedida por un banco a una empresa por un montante y un periodo determinados, con la característica de que el crédito se va renovando tan pronto como la empresa va amortizando las deudas que contrae con cargo a la línea de crédito (Dicc. de los nuevos negocios financieros. Samer Soufi)
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aldazabal
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Summary of answers provided
4créditos autorrenovablesaldazabal


  

Answers


20 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
revolvers
créditos autorrenovables


Explanation:
revolving credits are those where a bank agrees to make loans up to a specified maximum for a specified period. As the borrower repays a portion of the loan, an amount equal to the repayment can be borrowed again under the terms of the agreement.BARRON'S DICTIONARY OF FINANCE
Revolving credit - crédito autorrenovable / rotativo (Diccionario Bancario, R. Gil Esteban, Banco Popular Español.
Retaining, in my opinion, is not part of the term; I see the sentence as "taking off a and b and retaining c and d"

--------------------------------------------------
Note added at 1 day 2 hrs 39 mins (2005-02-17 16:37:53 GMT)
--------------------------------------------------

Revolving credit - Revolver: Crédito rotativo / autorrenovable Línea de crédito concedida por un banco a una empresa por un montante y un periodo determinados, con la característica de que el crédito se va renovando tan pronto como la empresa va amortizando las deudas que contrae con cargo a la línea de crédito (Dicc. de los nuevos negocios financieros. Samer Soufi)

aldazabal
PRO pts in category: 16
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