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pari scadenza

English translation: with the same maturity date

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:pari scadenza
English translation:with the same maturity date
Entered by: Marco V
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07:48 Apr 23, 2008
Italian to English translations [PRO]
Bus/Financial - Finance (general)
Italian term or phrase: pari scadenza
(3rd to last line)

All’inizio di agosto, alla crisi del settore immobiliare statunitense si è associata una marcata turbolenza finanziaria, alimentata dalle incertezze sulla valutazione degli strumenti finanziari collegati al settore e all’esposizione effettiva delle istituzioni finanziarie internazionali, alcune di dimensioni globali, verso questi strumenti. L’improvviso irrigidimento delle condizioni sul mercato interbancario ha generato notevoli difficoltà nella circolazione della liquidità a livello mondiale. In Europa, lo spread tra il tasso interbancario a 3 mesi e i contratti future sull’overnight pari scadenza, solitamente di pochi basis point (5 in media nel primo semestre), ha raggiunto repentinamente i 92 bp a inizio dicembre;
Marco V
Local time: 14:19
with the same maturity date
Explanation:
qui volo basso, perché non sono sicurissima della risposta. il senso dovrebbe essere questo:
lo spread tra il tasso interbancario a tre mesi e i contratti future sul tasso overnight aventi la medesima scadenza (quindi anch'essi a tre mesi), solitamente molto basso, a inizio dicembre e aumentato repentinamente.

qui trovi una descrizione dei contratti future di cui si parla:
http://www.frbsf.org/publications/economics/letter/2004/el20...
Federal funds futures rates. Federal funds futures contracts have been traded on the Chicago Board of Trade (CBOT) since 1988. These contracts have a payout at maturity based on the average effective federal funds rate during the month of expiration. Thus, the value of these securities reflects the expected month-average federal funds rate. The CBOT offers contracts with monthly expirations out to two years, but most of the trading activity is concentrated in contracts with shorter horizons. Currently, **federal funds futures contracts are extremely liquid at expirations out to three months** and remain fairly liquid up to about six months. Also, the open interest, that is, the total number of contracts outstanding, in federal funds futures contracts has risen markedly since their inception in 1988.

Term federal funds rates. The federal funds rate—the policy instrument of the Federal Reserve—is the unsecured overnight borrowing rate among banks. Although overnight lending is by far the most active segment of the federal funds market, banks can also borrow and lend to one another for longer periods in this market. The rates on these longer-term loans, or term federal funds rates, should provide information about expected future levels of the overnight federal funds rate, given banks' ability to substitute between term federal funds and overnight federal funds.

se non la risposta, spero che quanto meno il materiale ti torni utile :-)

--------------------------------------------------
Note added at 1 day8 hrs (2008-04-24 16:36:33 GMT) Post-grading
--------------------------------------------------

pleasure!

Selected response from:

Adele Oliveri
Italy
Local time: 14:19
Grading comment
thanks!!!
4 KudoZ points were awarded for this answer

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Summary of answers provided
2 +4with the same maturity date
Adele Oliveri


  

Answers


34 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +4
with the same maturity date


Explanation:
qui volo basso, perché non sono sicurissima della risposta. il senso dovrebbe essere questo:
lo spread tra il tasso interbancario a tre mesi e i contratti future sul tasso overnight aventi la medesima scadenza (quindi anch'essi a tre mesi), solitamente molto basso, a inizio dicembre e aumentato repentinamente.

qui trovi una descrizione dei contratti future di cui si parla:
http://www.frbsf.org/publications/economics/letter/2004/el20...
Federal funds futures rates. Federal funds futures contracts have been traded on the Chicago Board of Trade (CBOT) since 1988. These contracts have a payout at maturity based on the average effective federal funds rate during the month of expiration. Thus, the value of these securities reflects the expected month-average federal funds rate. The CBOT offers contracts with monthly expirations out to two years, but most of the trading activity is concentrated in contracts with shorter horizons. Currently, **federal funds futures contracts are extremely liquid at expirations out to three months** and remain fairly liquid up to about six months. Also, the open interest, that is, the total number of contracts outstanding, in federal funds futures contracts has risen markedly since their inception in 1988.

Term federal funds rates. The federal funds rate—the policy instrument of the Federal Reserve—is the unsecured overnight borrowing rate among banks. Although overnight lending is by far the most active segment of the federal funds market, banks can also borrow and lend to one another for longer periods in this market. The rates on these longer-term loans, or term federal funds rates, should provide information about expected future levels of the overnight federal funds rate, given banks' ability to substitute between term federal funds and overnight federal funds.

se non la risposta, spero che quanto meno il materiale ti torni utile :-)

--------------------------------------------------
Note added at 1 day8 hrs (2008-04-24 16:36:33 GMT) Post-grading
--------------------------------------------------

pleasure!



Adele Oliveri
Italy
Local time: 14:19
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 214
Grading comment
thanks!!!

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
9 mins
  -> thank you Peter, glad you agree :-)

agree  Jean Martin
13 mins
  -> thank you Jean :-)

agree  Debora Villa
13 mins
  -> grazie Debora :-)

agree  James (Jim) Davis: Yes the price of short term money (3 months) shot up and it still hasn't come down. Busy, 300 pages down and 300 to go ;-) :SECTION 21 Profit (Loss) after tax on disposal groups held for sale – Item 310
2 hrs
  -> welcome back - we had missed you :-)
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