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Spanish to English translations [PRO]
Bus/Financial - Finance (general) | | Spanish term or phrase: Fondo de provisiones técnicas | 4. Fondo de provisiones técnicas
4.1 Composición. El fondo de provisiones técnicas está integrado por el importe de los fondos dotados por la sociedad y de las aportaciones no reintegrables y similares recibidas por la misma conforme al siguiente detalle: |
| | | technical provisions fund | Explanation:
The outstanding risk of MGCs held at a growth rate of over 11 % in 2001, enabling to-
tal commissions revenue to be maintained with a reduction in unit costs (see Table III.13).The
profit generated by these institutions is usually very small, as a result both of their mutual-soci-
ety origins (commissions revenue is usually of a similar amount to operating expenses) and of
the practice of neutralising profits at the close of each year through the provisioning of a fund
(technical provisions fund) that contributes to bolstering the institution’s solvency
http://72.14.209.104/search?q=cache:rM5McqtYVi8J:www.bde.es/... |
| Selected response from:
Ana Brassara
Local time: 15:27
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The translation workplace 
