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Italian to English translations [PRO]
Bus/Financial - Accounting / Notes to Financial Statement | | Italian term or phrase: copertura contabile | Here are parts of the original that give a good idea of the meaning (but not the translation):
I contratti derivati sottoscritti per la copertura dal rischio di aumento dei tassi d’interesse sui finanziamenti in essere vengono diversamente contabilizzati a seconda che rispettino o meno i requisiti previsti dalla normativa di riferimento al fine di qualificare un contratto derivato di “copertura contabile”.
Nel caso in cui un contratto sia definito di copertura contabile si procede allo stanziamento in bilancio del solo rateo d’interesse maturato e relativo alla liquidazione periodica successiva. Il valore assunto dal contratto derivato al termine dell’esercizio, determinato adottando modelli e tecniche generalmente accettati, viene indicato nelle note al bilancio.
Could "financial coverage" be a possible translation? However, that doesn't express the "contabile" concept very well. Perhaps some has a suggestion?
Thanks. |
|  Daniel GoldKudoZ activityQuestions: 189 ( 1 open) ( 1 without valid answers) ( 21 closed without grading) Answers: 1
United States
| Local time: 22:50
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| | recognised hedge | Explanation:
Derivatives can be either used to hedge against risk or for sheer speculation. According to international accounting standard 39 derivatives contracts must be certain conditions if they are to be recognised in the accounts of a company as a hedge.
It is all here and pretty complicated.
http://www.iasplus.com/standard/ias39.htm
"IAS 39 requires hedge effectiveness to be assessed both prospectively and retrospectively. To qualify for hedge accounting at the inception of a hedge and, at a minimum, at each reporting date, the changes in the fair value or cash flows of the hedged item attributable to the hedged risk must be expected to be highly effective in offsetting the changes in the fair value or cash flows of the hedging instrument on a prospective basis, and on a retrospective basis where actual results are within a range of 80% to 125%. "
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| Selected response from:
James (Jim) Davis
Italy
Local time: 04:50
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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9 mins confidence:  peer agreement (net): +1 recognised hedge
Explanation:
Derivatives can be either used to hedge against risk or for sheer speculation. According to international accounting standard 39 derivatives contracts must be certain conditions if they are to be recognised in the accounts of a company as a hedge.
It is all here and pretty complicated.
http://www.iasplus.com/standard/ias39.htm
"IAS 39 requires hedge effectiveness to be assessed both prospectively and retrospectively. To qualify for hedge accounting at the inception of a hedge and, at a minimum, at each reporting date, the changes in the fair value or cash flows of the hedged item attributable to the hedged risk must be expected to be highly effective in offsetting the changes in the fair value or cash flows of the hedging instrument on a prospective basis, and on a retrospective basis where actual results are within a range of 80% to 125%. "
| James (Jim) Davis
Italy
Local time: 04:50
Specializes in field
Native speaker of:  English
PRO pts in category: 985
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| | Notes to answerer
Asker: Your efforts on behalf of translators who don't specialize in financial matters are admirable.
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