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Cémara de compensación de divisas

English translation: Foreign currency clearing house

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	Cémara de compensación de divisas
English translation:	Foreign currency clearing house
Entered by:	Michael Powers (PhD)

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13:44 Jul 14, 2011

Spanish to English translations [PRO]
Bus/Financial - Finance (general)

Spanish term or phrase: Cémara de compensación de divisas

Anyone know what the equivalent institution is in the UK stock market - i.e the exact term.

Obviously its some currency exchange facility. it appeares in "logré en el montaje de la cámara de compensación de divisas en xxxxxxxx".

Many thanks.

Sian Bowen KudoZ activity Questions: 45 (3 open) (2 without valid answers) Answers: 35
Local time: 09:48

clearing house of foreign currency

Explanation:
I assume this is what it is.

Mike

Selected response from:

Michael Powers (PhD)
United States
Local time: 03:48

Grading comment

4 KudoZ points were awarded for this answer

Summary of answers provided

4 +5

clearing house of foreign currency

Michael Powers (PhD)

5 +1

Foreign currency clearing house

xxxFVS

clearing house

Andres Pacheco

Answers

3 mins confidence:

peer agreement (net): +5

clearing house of foreign currency

Explanation:
I assume this is what it is.

Mike

Michael Powers (PhD)
United States
Local time: 03:48
Specializes in field
Native speaker of:

English
PRO pts in category: 585

Notes to answerer

Asker: Many thanks and kind regards. Sian.

7 mins confidence:

clearing house

Explanation:
"Because foreign exchange is an OTC market where brokers/dealers negotiate directly with one another, there is no central exchange or clearing house."

http://en.wikipedia.org/wiki/Foreign_exchange_market#Referen...

"A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as well as off-exchange in the over-the-counter (OTC) market. A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations."

http://en.wikipedia.org/wiki/Clearing_house_(finance)

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Note added at 11 mins (2011-07-14 13:56:02 GMT)
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Could be "forex clearing house":

http://www.independent.co.uk/news/business/banks-open-global...

Andres Pacheco
Local time: 04:48
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 4

Notes to answerer

Asker: Many thanks Mike, that´s the term! points to follow.......best wishes. Sian.

1 hr confidence:

peer agreement (net): +1

Foreign currency clearing house

Explanation:
Local Foreign Currency Clearing House. 1.1. Business of the Clearing House. The Clearing House shall be a medium of exchange, presentation and settlement of ...

Welcome to Citibank.com - [ Traducir esta página ]
www.citibank.com/eastafrica/kenya/aboutus/.../clearing.htm - En caché
There is a foreign currency clearing house for a few member banks. All foreign currency checks are exchanged by member banks and settlement takes place by ...

Malaysian Foreign Currency Clearing House Sdn Bhd ★ 36 Menara Maybank Jln Tun Perak 50050 Kuala Lumpur Kuala Lumpur Wilayah Persekutuan 50050 Malaysia, ...

Membership criteria for Foreign Currency Clearing House: – must be a member of the BAZ;. – admission is by unanimous decision of the member banks upon ...

xxxFVS
Native speaker of:

English
PRO pts in category: 220

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Changes made by editors

Jul 19, 2011 - Changes made by Michael Powers (PhD):
Created KOG entry	KudoZ term => KOG term

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Cémara de compensación de divisas

English translation: Foreign currency clearing house

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Cémara de compensación de divisas

English translation: Foreign currency clearing house

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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