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