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primer netting

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15:20 Feb 16, 2006
Spanish to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Spanish term or phrase: primer netting
I could sure use some help with this phrase, it comes up several times in the document, always in the same type of context. It was so clear up to the word días...

Las facturas correspondientes a las ventas antes expresadas más el IVA que proceda, serán pagaderas con vencimiento 30 días primer Netting.
Glenda Stephens
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Summary of answers provided
4first/initial netting operation/processxxxtazdog


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
first/initial netting operation/process


Explanation:
The "netting" part is already in English:

Netting:
The offsetting with a counterparty of financial obligations payments one is owed with those one is entitled to receive, thus reducing the costs arising out of payments settlements. Netting is also used as a risk-management tool to help counterparties reduce their exposure to risk.
http://www.fiscalagents.com/newsletter/gloss/Glossary/n.shtm...

Here's a page that explains it in Spanish:
http://www.asset.es/revis244.htm

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Note added at 26 days (2006-03-15 05:50:39 GMT)
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Further information about netting in this glossary:

http://www.bis.org/publ/cpss00b.pdf

xxxtazdog
Spain
Local time: 20:51
Works in field
Native speaker of: English
PRO pts in category: 146
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Changes made by editors
Feb 16, 2006 - Changes made by xxxtazdog:
LevelNon-PRO » PRO


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