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true-up letter

Spanish translation: carta sobre el mecanismo de ajuste de pagos

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17:57 Oct 22, 2002
English to Spanish translations [PRO]
/ anti-piracy
English term or phrase: true-up letter
If you report an anti-piracy case the anti-piracy department will:
Discuss the case with the TM and you
Prepare a Notice of Expiration Letter + Certificate of Removal
Prepare a **True-Up Letter**
Investigate worldwide contracts with Legal and corporate reps
Contact the customer

TIA
Vanina
Vanina Ricciardelli
Argentina
Local time: 14:24
Spanish translation:carta sobre el mecanismo de ajuste de pagos
Explanation:
True-up mechanism parece ser un mecanismo de ajuste de pagos o cuentas. El texto que sigue es parte de la referencia que te he puesto abajo. La traducción que te he puesto es, sin embargo, sólo una idea.


E. Periodic Adjustments to the RTC Charge

This Financing Order, the Transition Property, and the RTC Charges are each irrevocable, and the Department or any successor entity must approve adjustments to the RTC Charge as necessary to ensure timely recovery of all reimbursable transition costs amounts that are the subject of this Financing Order, which include the ongoing costs of the RRB Transaction (i.e., the Periodic RRB Payment Requirement). See M.G.L. c. 164, § lH(b)(5).

WMECO will establish an adjustment mechanism to periodically adjust the RTC Charge, up or down, to ensure that it remains sufficient to generate an amount equal to the sum of the Periodic RRB Payment Requirements for the upcoming year (each such adjustment, an "RTC Charge True-Up," and such mechanism, the "RTC Charge True-Up Mechanism"). Adjustments to the RTC Charge pursuant to the RTC Charge True-Up Mechanism shall reflect, without limitation, the effect of over- or underestimates of energy sales, customer defaults, any contingent obligations of the SPE arising from indemnity provisions in the transaction documents, customers exiting WMECO's distribution system and defaults by Servicers or third party suppliers ("TPS") in the remittance of collections. WMECO proposes to adjust the RTC Charge by the RTC Charge True-Up Mechanism, at least annually, to keep actual principal amortization in line with the expected amortization schedule (which is established when the RRBs are priced) and to meet the Periodic RRB Payment Requirement for each period. The forms of advice letters for periodic RTC Charge True-Ups, described below, are substantially in the form of Appendix B to this Financing Order.

WMECO, as initial Servicer (or any successor Servicer), shall annually file periodic RTC Charge True-Up advice letters ("Routine True-Up Letters") prior to the anniversary of the date of this Financing Order, or more frequently if necessary. The resulting adjustments to the RTC Charge will be effective on the first day of the succeeding calendar month, or such date as may be specified in the Routine True-Up Letter, as long as such effective date is at least fifteen days after the filing of such Routine True-Up Letter. For these adjustments, the adjusted RTC Charge will be calculated using the methodology set forth in the WMECO Testimony.

Selected response from:

Hazel Whiteley
Local time: 18:24
Grading comment
Gracias, Hazel y disculpá la demora. Aparentemente en este caso "true-up letter" se refiere a una carta donde se blanquea una determinada situación. Gracias de todos modos ;-)
1 KudoZ points were awarded for this answer

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Summary of answers provided
3carta sobre el mecanismo de ajuste de pagos
Hazel Whiteley


  

Answers


27 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
carta sobre el mecanismo de ajuste de pagos


Explanation:
True-up mechanism parece ser un mecanismo de ajuste de pagos o cuentas. El texto que sigue es parte de la referencia que te he puesto abajo. La traducción que te he puesto es, sin embargo, sólo una idea.


E. Periodic Adjustments to the RTC Charge

This Financing Order, the Transition Property, and the RTC Charges are each irrevocable, and the Department or any successor entity must approve adjustments to the RTC Charge as necessary to ensure timely recovery of all reimbursable transition costs amounts that are the subject of this Financing Order, which include the ongoing costs of the RRB Transaction (i.e., the Periodic RRB Payment Requirement). See M.G.L. c. 164, § lH(b)(5).

WMECO will establish an adjustment mechanism to periodically adjust the RTC Charge, up or down, to ensure that it remains sufficient to generate an amount equal to the sum of the Periodic RRB Payment Requirements for the upcoming year (each such adjustment, an "RTC Charge True-Up," and such mechanism, the "RTC Charge True-Up Mechanism"). Adjustments to the RTC Charge pursuant to the RTC Charge True-Up Mechanism shall reflect, without limitation, the effect of over- or underestimates of energy sales, customer defaults, any contingent obligations of the SPE arising from indemnity provisions in the transaction documents, customers exiting WMECO's distribution system and defaults by Servicers or third party suppliers ("TPS") in the remittance of collections. WMECO proposes to adjust the RTC Charge by the RTC Charge True-Up Mechanism, at least annually, to keep actual principal amortization in line with the expected amortization schedule (which is established when the RRBs are priced) and to meet the Periodic RRB Payment Requirement for each period. The forms of advice letters for periodic RTC Charge True-Ups, described below, are substantially in the form of Appendix B to this Financing Order.

WMECO, as initial Servicer (or any successor Servicer), shall annually file periodic RTC Charge True-Up advice letters ("Routine True-Up Letters") prior to the anniversary of the date of this Financing Order, or more frequently if necessary. The resulting adjustments to the RTC Charge will be effective on the first day of the succeeding calendar month, or such date as may be specified in the Routine True-Up Letter, as long as such effective date is at least fifteen days after the filing of such Routine True-Up Letter. For these adjustments, the adjusted RTC Charge will be calculated using the methodology set forth in the WMECO Testimony.




    Reference: http://www.state.ma.us/dpu/electric/00-40/appendfinorder.htm
Hazel Whiteley
Local time: 18:24
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in pair: 675
Grading comment
Gracias, Hazel y disculpá la demora. Aparentemente en este caso "true-up letter" se refiere a una carta donde se blanquea una determinada situación. Gracias de todos modos ;-)
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