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08:15 Feb 22, 2005
English to Swedish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:Commission recapture (och Commission recapture receivable)
I en årsredovisning för ett fondbolag förekommer denna term (den inom parentes som överskrift för ett textparti).
The commission recapture for the current period is included in ‘Net gains/(losses) on investments’.
Och texten under rubriken Commission recapture receivable:
XX also enters into futures contracts, the purpose of which is to limit the effect of daily cash movements to in and out of the portfolio, and to ensure the performance matches that of the benchmark index as closely as possible. Under the current tax legislation Open-Ended Investment Companies are not permitted to trade in derivative instruments for purposes other than hedging. Accordingly it is, and has been throughout the current and preceding period under review, the policy of each Fund invested into by Fidelity Institutional Funds ICVC that no trading in derivative instruments for non-hedging purposes shall be undertaken. Market price risk arises from the uncertainty about future price movements on financial instruments held. It represents the potential loss each Fund might suffer through holding market positions in the face of price movements. Some of the Funds are invested in securities of countries experiencing rapid economic growth.