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18:45 Mar 14, 2007
Spanish to English translations [PRO] Art/Literary - History / Mexico, mining
Spanish term or phrase:Compañía y anexas
Crearon la Compañía Angustias Dolores y anexas, que también comprendía [list of mines]
Does that mean subsidiaries? (Can't find any corroboration for that...)
Taña: The research is welcomes, but at least for my case (certainly not likely to come up often here at ProZ), these are all companies that operated before the Mexican Revolution, and they are now long gone...along with their affliates and subsidiares ;-)
As I've previously explained, using subsidiaries rather than affiliates helps protect the FDIC. In the same way and for the same reasons the subsidiary structure also helps protect other unsecured creditors of the bank. By conducting an activity through a subsidiary rather than an affiliate, a firm that includes a bank places the assets associated with that activity within the reach of the bank's creditors. If the bank does poorly, the bank's interest in the subsidiary can be sold and the proceeds used to pay the bank's creditors. By contrast, conducting that same activity through a nonbank affiliate places the assets in question beyond the reach of the bank's creditors.
The resulting difference in the bank's funding costs reflects a real difference in credit risk: by placing assets within the reach of its creditors (in a subsidiary), the bank makes itself a better credit risk than it would have been had it placed those assets outside the reach of its creditors (in an affiliate). The creditors therefore reward the bank with a lower funding cost.
This result, far from being perverse, also reflects reduced risk to the FDIC. As regards the choice between the subsidiary and affiliate structures, the FDIC and a bank's other unsecured creditors have closely parallel interests. The subsidiary structure, by increasing the assets available to the bank's creditors and the FDIC, reduces risk to those creditors and the FDIC. The affiliate structure, by reducing the assets available to the bank's creditors and the FDIC, increases risk to those creditors and the FDIC.
Automatic update in 00:
2 mins confidence: peer agreement (net): +2
Explanation: Hola Patricia,
Quizá sea una pregunta con matices legales, que no es lo mío. No obstante, creo que podría encajar "affiliates" en el contexto.
Suerte y :O) :O)
moken Local time: 14:19 Native speaker of: Spanish PRO pts in category: 60
Thank you, Alvaro!
4 hrs confidence:
company and associates
Lydia De Jorge United States Local time: 09:19 Native speaker of: Spanish, English PRO pts in category: 40