Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Notas a los Estados Financieros | | Spanish term or phrase: operaciones de reporto | El sistema de operaciones no podrá adquirir o invertir en bonos del estado ecuatoriano, pero podrá recibir los exclusivamente para realizar las operaciones de reporto en dólares de los Estados Unidos de América,
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| Juan L. Mera F.KudoZ activityQuestions: 201 (none open) ( 6 closed without grading) Answers: 7
Ecuador
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| | repo transactions | Explanation:
A Repurchase agreement (also known as a repo or Sale and Repurchase Agreement) allows a borrower to use a financial security as collateral for a cash loan at a fixed rate of interest. In a repo, the borrower agrees to immediately sell a security to a lender and also agrees to buy the same security from the lender at a fixed price at some later date. A repo is equivalent to a cash transaction combined with a forward contract. The cash transaction results in transfer of money to the borrower in exchange for legal transfer of the security to the lender, while the forward contract ensures repayment of the loan to the lender and return of the collateral of the borrower. The difference between the forward price and the spot price is the interest on the loan while the settlement date of the forward contract is the maturity date of the loan.
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Note added at 4 mins (2008-11-27 00:00:38 GMT)
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Se conoce como Reporto a las operaciones en las que se otorga un crédito con garantía en títulos valores. El crédito que se otorga es a descuento del valor de los títulos, con la salvedad que existe un pacto de recompra de los títulos entregados como garantía en la operación de crédito.
(all from Wikipedia) |
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 patinba
Argentina
Local time: 02:14
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The translation workplace 
