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patrimonios de propósito exclusivo

English translation: special-purpose fund


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:patrimonio de propósito exclusivo
English translation:special-purpose fund
Entered by: Charles Davis
Options:
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00:06 Nov 2, 2011
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: patrimonios de propósito exclusivo
¿Cómo podría traducir "patrimonios" aquí? Otra opción dada en Proz sugiere "assets" pero la oración no me lo permite:

Las AFP podrán invertir los recursos de las Carteras Administradas en los instrumentos de inversión representativos de activos titulizados emitidos por patrimonios de propósito exclusivo o instrumentos de inversión emitidos por fideicomisos administrados por Sociedades Titulizadoras, Sociedades de Propósito Especial o por Fiduciarios debidamente autorizados y supervisados por el organismo regulador del mercado de valores o del sistema financiero.

The sentence goes: "securitized assets issued by...." I can't use assets again :)

Thanks!
mhtranslator
Argentina
Local time: 23:14
special-purpose fund
Explanation:
Also known as sector fund.

"El vehículo de propósito exclusivo, o “special purpose vehicle” (SPV) como se le conoce en los sistemas anglosajones, es la entidad o forma jurídica receptora de los activos, y la cual servirá como emisor de los títulos valores"
http://books.google.es/books?id=PlOGgySUqEEC&pg=PA575&lpg=PA...

"¿Qué es el Patrimonio Autónomo o de propósito exclusivo?
Es el conjunto de derechos y obligaciones afectados a una finalidad, el mismo que constituye un patrimonio independiente del originador y del agente de manejo, y se encuentra dotado de personería jurídica.
El patrimonio autónomo se constituye inicialmente por los activos transferidos por el originador y, posteriormente por los activos, pasivos y contingentes que resulten o se integren como consecuencia del desarrollo del respectivo proceso de titularización."
http://www.bolsadequito.info/inicio/quienes-somos/preguntas-...

"Sector Fund
An investment company that concentrates its holdings among securities or other assets sharing a common interest. For example, a sector fund may limit its holdings to foreign securities from a particular country or geographic region (for example, Korea Fund or Pacific Fund). Likewise, it may specialize in the securities of energy-related firms or in companies that produce precious metals. Sector funds permit investors to concentrate on a specific investment segment and yet diversify their investments among various issuers. Sector funds entail more risk but offer greater potential returns than funds that diversify their portfolios. Also called special-purpose fund, specialty fund."
http://business.yourdictionary.com/sector-fund
Selected response from:

Charles Davis
Local time: 04:14
Grading comment
Thanks a lot!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3special-purpose fundCharles Davis
4private investors
David Hollywood
4 -1exclusive purpose assetsgallagy2


  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
exclusive purpose assets


Explanation:
imo, por ="for" here not "by"

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Note added at 23 mins (2011-11-02 00:29:57 GMT)
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en.wikipedia.org/wiki/Securitization

The granularity of pools of securitized assets is a mitigant to the credit risk of ... treatment for accounting and regulatory purposes (easing balance sheet and capital .... Fixed rate ABS set the “coupon” (rate) at the time of issuance, in a fashion ...

History - Structure - Special types of securitization - Motives for securitization

Asset-backed security - Wikipedia, the free encyclopedia

en.wikipedia.org/wiki/Asset-backed_security

The special purpose vehicle, which creates and sells the securities, uses ...


www.investopedia.com/articles/bonds/08/securitzed-assets.as...

14 May 2011 – Securitized assets are customizable and have a wide range of yields, ... Securitized products represent a complicated sector of the fixed-income market. ... types of mortgage- and asset-backed products, for the purposes of this ...

Securitization Definition

www.investopedia.com › Dictionary

Investing In Securitized Products - Securitized assets are customizable and ...

books.google.co.uk/books?isbn=0470889810...Tanya S. Beder, Cara M. Marshall - 2011 - Business & Economics - 528 pages
In a securitization, the assets are transferred to a special purpose entity (SPE) in such a way that the legal ownership of the assets is transferred from ...







gallagy2
Ireland
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
disagree  Andy Watkinson: IMO. No way does "por" = "para".
3 hrs
Login to enter a peer comment (or grade)

25 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
patrimonio de propósito exclusivo
special-purpose fund


Explanation:
Also known as sector fund.

"El vehículo de propósito exclusivo, o “special purpose vehicle” (SPV) como se le conoce en los sistemas anglosajones, es la entidad o forma jurídica receptora de los activos, y la cual servirá como emisor de los títulos valores"
http://books.google.es/books?id=PlOGgySUqEEC&pg=PA575&lpg=PA...

"¿Qué es el Patrimonio Autónomo o de propósito exclusivo?
Es el conjunto de derechos y obligaciones afectados a una finalidad, el mismo que constituye un patrimonio independiente del originador y del agente de manejo, y se encuentra dotado de personería jurídica.
El patrimonio autónomo se constituye inicialmente por los activos transferidos por el originador y, posteriormente por los activos, pasivos y contingentes que resulten o se integren como consecuencia del desarrollo del respectivo proceso de titularización."
http://www.bolsadequito.info/inicio/quienes-somos/preguntas-...

"Sector Fund
An investment company that concentrates its holdings among securities or other assets sharing a common interest. For example, a sector fund may limit its holdings to foreign securities from a particular country or geographic region (for example, Korea Fund or Pacific Fund). Likewise, it may specialize in the securities of energy-related firms or in companies that produce precious metals. Sector funds permit investors to concentrate on a specific investment segment and yet diversify their investments among various issuers. Sector funds entail more risk but offer greater potential returns than funds that diversify their portfolios. Also called special-purpose fund, specialty fund."
http://business.yourdictionary.com/sector-fund

Charles Davis
Local time: 04:14
Native speaker of: Native in EnglishEnglish
PRO pts in category: 59
Grading comment
Thanks a lot!

Peer comments on this answer (and responses from the answerer)
agree  Mónica Algazi
33 mins
  -> ¡Gracias, Mónica!

agree  Andy Watkinson: Yep.
2 hrs
  -> Thanks a lot, Andy :)

agree  James A. Walsh
11 hrs
  -> Many thanks, James ;)
Login to enter a peer comment (or grade)

3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
private investors


Explanation:
:)

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Note added at 7 mins (2011-11-02 00:13:26 GMT)
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or: individual investorsDedicated to giving individual investors the finest thinking, products and services in the financial world. Morgan Stanley Smith Barney is dedicated to serving ...



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Note added at 7 mins (2011-11-02 00:14:13 GMT)
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investors that act on their own account

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Note added at 9 mins (2011-11-02 00:16:16 GMT)
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owner investors

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Note added at 39 mins (2011-11-02 00:46:20 GMT)
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I still maintain these are real people

David Hollywood
Local time: 23:14
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 506
Login to enter a peer comment (or grade)




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Changes made by editors
Nov 7, 2011 - Changes made by Charles Davis:
Created KOG entryKudoZ term => KOG term


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