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Nicht kursgesicherte Verbindlichkeiten

English translation: unhedged liabilities

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Nicht kursgesicherte Verbindlichkeiten
English translation:unhedged liabilities
Entered by: Gillian Searl
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14:04 May 20, 2002
German to English translations [PRO]
Bus/Financial / Audit report
German term or phrase: Nicht kursgesicherte Verbindlichkeiten
Nicht kursgesicherte Verbindlichkeiten in auslaendische Waehrung sind mit dem Geldkurs des Einbuchungstages bzw. dem hoeheren Kurs am Bilanstichttag passiviert.
Gillian Searl
United Kingdom
Local time: 02:08
unhedged liabilities (in foreign currency)
Explanation:
or a bit longer: "not hedged against exchange rate fluctuations"

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Note added at 2002-05-20 15:10:35 (GMT)
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A brief explanation:

If the domestic exchange rate falls (=depreciation of the domestic currency), liabilities denominated in foreign currency have an unforeseen negative effect on the balance sheet. Hedging liabilities against a fall in the exchange rate (\"Kurssicherung\") minimises this exchange rate risk.

Here\'s a short definition in German:
http://www.boersenlexikon.de/kurssich.htm

...and one in English:
http://www.sachsenlb.de/en/produkte/derivate/waehrungsmanage...

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Note added at 2002-05-20 16:55:51 (GMT)
--------------------------------------------------

Added after Chris\'s agree:
\"Foreign currencies\" should be in the plural.
Selected response from:

Endre Both
Germany
Local time: 03:08
Grading comment
Thanks!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +6unhedged liabilities (in foreign currency)
Endre Both


  

Answers


11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
unhedged liabilities (in foreign currency)


Explanation:
or a bit longer: "not hedged against exchange rate fluctuations"

--------------------------------------------------
Note added at 2002-05-20 15:10:35 (GMT)
--------------------------------------------------

A brief explanation:

If the domestic exchange rate falls (=depreciation of the domestic currency), liabilities denominated in foreign currency have an unforeseen negative effect on the balance sheet. Hedging liabilities against a fall in the exchange rate (\"Kurssicherung\") minimises this exchange rate risk.

Here\'s a short definition in German:
http://www.boersenlexikon.de/kurssich.htm

...and one in English:
http://www.sachsenlb.de/en/produkte/derivate/waehrungsmanage...

--------------------------------------------------
Note added at 2002-05-20 16:55:51 (GMT)
--------------------------------------------------

Added after Chris\'s agree:
\"Foreign currencies\" should be in the plural.

Endre Both
Germany
Local time: 03:08
Native speaker of: Native in GermanGerman, Native in HungarianHungarian
PRO pts in pair: 648
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Сергей Лузан: The longer is the better here, I presume.
57 mins
  -> You might want to tell us why :-)

agree  Astrid Cruse
1 hr

agree  Chris Rowson: "unhedged foreign currency liabilities"
2 hrs
  -> Thanks. Either this or "in foreign currencies" (plural).

agree  William Stein
2 hrs

agree  Steffen Pollex
15 hrs

agree  Steffen Walter
17 hrs
Login to enter a peer comment (or grade)




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