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Spanish to English translations [PRO] Bus/Financial - Finance (general) / Factoring of accounts receivable
Spanish term or phrase:aforo (Mexico)
Aforo: El monto que se descuente del valor nominal de los derechos de cobro que consten in los documentos correspondientes, cuyo porcentaje se fijara en cada contrato individual de factoraje financiero.
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Aforo o Recorte (Haircut): la diferencia entre el valor de mercado de un título valor y su valor como garantía. Los prestamistas de fondos hacen recortes ... www.forodepagos.org/pdf/reporte_colombia-esp.pdf - Similar
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a few years in the IMF and standard jarjon :)
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jargon
-------------------------------------------------- Note added at 22 mins (2010-06-12 03:51:49 GMT) --------------------------------------------------
maybe sounds weird but that's the jargon
-------------------------------------------------- Note added at 26 mins (2010-06-12 03:56:04 GMT) --------------------------------------------------
en serio :)
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"People suffered a 90pc haircut on financial assets in the currency reform of 1948. The inflationary effects of two world wars were ... www.burbuja.info › ... › Foros › Burbuja Inmobiliaria - Cached - Similar
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here's another example ....
Despite all machinations, Greece defaults and creditors take a haircut. ... Did the global financial crisis of 2008 prove that developing countries should ... www.project-syndicate.org/commentary/roubini25/Spanish - Cached
Thank you to all who participated. This is called a "haircut", which I called an "adjustment for haircut" (it sounded better). A commission was charged instead of a factoring fee, by the way. A haircut is a percentage that is subtracted from the par value of assets being used as collateral. The size of the haircut reflects the perceived risk associated with holding the assets that are being factored. Again, thank you all. 4 KudoZ points were awarded for this answer
Thank you to all who participated. This is called a "haircut", which I called an "adjustment for haircut" (it sounded better). A commission was charged instead of a factoring fee, by the way. A haircut is a percentage that is subtracted from the par value of assets being used as collateral. The size of the haircut reflects the perceived risk associated with holding the assets that are being factored. Again, thank you all.
Are you sure reference is Aforo? I´m asking you since Mexico Las Administradoras de Fondos para el Retiro, (AFORES), AFORE are wide extended on their financial lingo and common use. Just in case see. http://es.wikipedia.org/wiki/Administradoras_de_Fondos_para_...
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Answers
4 mins confidence:
haircut
Explanation: :)
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-------------------------------------------------- Note added at 9 mins (2010-06-12 03:38:47 GMT) --------------------------------------------------
Aforo o Recorte (Haircut): la diferencia entre el valor de mercado de un título valor y su valor como garantía. Los prestamistas de fondos hacen recortes ... www.forodepagos.org/pdf/reporte_colombia-esp.pdf - Similar
-------------------------------------------------- Note added at 10 mins (2010-06-12 03:40:09 GMT) --------------------------------------------------
a few years in the IMF and standard jarjon :)
-------------------------------------------------- Note added at 11 mins (2010-06-12 03:40:37 GMT) --------------------------------------------------
jargon
-------------------------------------------------- Note added at 22 mins (2010-06-12 03:51:49 GMT) --------------------------------------------------
maybe sounds weird but that's the jargon
-------------------------------------------------- Note added at 26 mins (2010-06-12 03:56:04 GMT) --------------------------------------------------
en serio :)
-------------------------------------------------- Note added at 36 mins (2010-06-12 04:05:34 GMT) --------------------------------------------------
"People suffered a 90pc haircut on financial assets in the currency reform of 1948. The inflationary effects of two world wars were ... www.burbuja.info › ... › Foros › Burbuja Inmobiliaria - Cached - Similar
-------------------------------------------------- Note added at 37 mins (2010-06-12 04:07:12 GMT) --------------------------------------------------
here's another example ....
Despite all machinations, Greece defaults and creditors take a haircut. ... Did the global financial crisis of 2008 prove that developing countries should ... www.project-syndicate.org/commentary/roubini25/Spanish - Cached
David Hollywood Local time: 03:49 Works in field Native speaker of: English PRO pts in category: 506
Grading comment
Thank you to all who participated. This is called a "haircut", which I called an "adjustment for haircut" (it sounded better). A commission was charged instead of a factoring fee, by the way. A haircut is a percentage that is subtracted from the par value of assets being used as collateral. The size of the haircut reflects the perceived risk associated with holding the assets that are being factored. Again, thank you all.
Explanation: Brownsville Factoring Companies, Factoring Companies with the ...
Brownsville is located on the U.S.-Mexico border and it is the ... Most Factoring Companies will charge you a Factoring Fee also known as a service charge ...
brownsvillefactoringcompanies.com/ - Cached
FAQs | Saint John Capital
... at over 10000 truck stops nationwide, including Mexico and Canada. ... The factoring fee is calculated by simply multiplying the freight bill that you ...
saintjohncapital.com/faq.php - Cached
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Marita, esto es un simple cargo fijado por contrato. En México lo llaman "aforo", pero no es más que la comisión pactada :)
María Eugenia Wachtendorff Chile Local time: 02:49 Specializes in field Native speaker of: Spanish PRO pts in category: 287
amount retained as guarantee/collateral (see below)
Explanation:
A certain amount of the value of receivables is retained by the factoring company as guarantee and is returned upon maturity. For example, if the amounted extended is 100 dollars, only 85 dollars may be retained -- based on the standard practice of 15 percent to 25 percent aforo - to the owner of the receivables. This is the reverse of discounting, where the computation is based on the value of the receivables and a percentage thereof, say 85 percent, is released to the "debtor."
[PDF]
Universidad de las Américas-Puebla 67 CAPITULO V Ejemplificación ...
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en los apéndices, así como el formulario (contrato Factor Banorte). ... Esta operación de Descuento CON Recurso y con Aforo, en las cuentas de mayor se ...
catarina.udlap.mx/u_dl_a/tales/documentos/lcp/.../capitulo5.pdf - Similar
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SOLICITUD DE DESCUENTO DE PAGARÉS, CHEQUES Y/U OTROS DOCUMENTOS
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3) El aforo constituye una garantía a favor del Banco del pago de los ... 12) Correrán a cargo del Cliente los impuestos y tasas que graven el descuento. ... www.bancoindustrial.com.ar/homebanking/.../factoring/FA008.... - Similar
Aforo
En el caso de adelantos de fondos, el Factor retiene, en concepto de garantía, entre un 15% a un 25% del valor nominal de los documentos (facturas, cheques, pagares, etc.). Este aforo es reintegrado al cedente a medida que el Factor va cobrando los documentos.
Factoring con recurso.
En este caso, a diferencia del anterior, es el cedente quien soporta el riesgo de insolvencia, ya que el Factor solo administra la gestión de cobranzas.
Si el crédito cedido no está instrumentado en documentos negociables, el Factor estima un aforo, como garantía, sobre el monto transferido. Ante el incumplimiento del deudor, el Factor carga al cedente el crédito afectando el aforo. Este aforo se liquida al cedente al final de la operación. http://webcache.googleusercontent.com/search?q=cache:n1kW-ti...
argosys Local time: 14:49 Specializes in field Native speaker of: English PRO pts in category: 102
The translation workplace 
