Spanish: a un año -0,5% English translation: the one-year Euribor rate less 0.5% 
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | Spanish term or phrase: | a un año -0,5% | | English translation: | the one-year Euribor rate less 0.5% | | Entered by: | Sherry Godfrey |
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Spanish to English translations [PRO]
Insurance | | Spanish term or phrase: a un año -0,5% | From a benefit plan description:
Además contará con la garantía de un interés mínimo por sus ahorros referenciado al Euríbor*, de esta forma su patrimonio se irá incrementando de forma constante, evitando sorpresas futuras.
* Se ofrecerá la garantía del Euríbor a un año -0,5% publicado por el Banco de España y correspondiente a la media mensual del mes de diciembre del año anterior.
Does this mean the guarantee is offered after one year at a rate that is 0.5% less than the one published by the Bank of Spain? Thanks again! |
| | Clarification request(s) and responseSwissTell: 11:03pm Aug 19, 2006: the rate offered for one year (as of the start) is less by 1/2 % than the one offered by the Bank of Spain, my understanding.
Sherry Godfrey: 11:04pm Aug 19, 2006: Following: Este interés asegurado no podrá ser inferior al 0,5% ni superior al publicado anualmente por la Dirección General de Seguros.
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| | the one-year Euribor rate less 0.5% | Explanation:
My quibble with Peter's explanation is that it is not an average for the year, but rather the rate quoted for one-year deposits/instruments.
From http://ww3.ebs.ie/website/website.nsf/b27fddb11e0b67ce80256a...
Euro Interbank Offer Rate (EURIBOR)
This is the rate at which banks will lend money to each other. Banks quote rates for periods from one day to one year. Each business day, the rates from the appropriate European banks are averaged to calculate the official EURIBOR rate for these periods.
Expatica's Spanish news in English: Euribor rate set to rise to ...The one-year Euribor rate – key to mortgages in Spain – is expected to rise to 3.8 percent by the end of 2006. It currently stands at 2.8 percent. ...
www.expatica.com/source/site_article.asp?subchannel_id=81&s... - 52k - Cached - Similar pages
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| Selected response from:
Marian Greenfield
United States
| Note from asker to answererThanks again Marian and everyone!
4 KudoZ points were awarded for this answer |
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19 mins confidence:  |
| The Euribor rate published by the bank of Spain less 0.5% is guaranteed for one year
Explanation:
Essentially I agree entirely with Swisstell.
As to the supplementary: this guaranteed interest rate cannot be less than 0.5%, nor greater than the one published annually by the Dn Gl de Seguros [Insurance Supervisory Body].
Hope that helps.
| Mark Solomon
Spain
Specializes in field
Native speaker of:  English
PRO pts in category: 32
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7 hrs confidence: peer agreement (net): +1 |
| the 12-month Euribor rate less 0.5%
Explanation:
Check out the websites of the Bank of Spain and the Euribor site .
The Euribor rate is the interbank lending rate fixed by a panel of European banks and is used as a benchmark by insurance companies, amongst others. In this case they are saying that the guaranteed rate is the average 12-month Euribor less 0.5% quoted in the month of December in the preceding year.
It has nothing to do with a one year guarantee as such.
Reference: http://www.euribor.org/
Reference: http://www.bde.es/
| Peter Haden
Spain
Specializes in field
Native speaker of:  English
PRO pts in category: 74
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13 hrs confidence: |
| the one-year Euribor rate less 0.5%
Explanation:
My quibble with Peter's explanation is that it is not an average for the year, but rather the rate quoted for one-year deposits/instruments.
From http://ww3.ebs.ie/website/website.nsf/b27fddb11e0b67ce80256a...
Euro Interbank Offer Rate (EURIBOR)
This is the rate at which banks will lend money to each other. Banks quote rates for periods from one day to one year. Each business day, the rates from the appropriate European banks are averaged to calculate the official EURIBOR rate for these periods.
Expatica's Spanish news in English: Euribor rate set to rise to ...The one-year Euribor rate – key to mortgages in Spain – is expected to rise to 3.8 percent by the end of 2006. It currently stands at 2.8 percent. ...
www.expatica.com/source/site_article.asp?subchannel_id=81&s... - 52k - Cached - Similar pages
| | Note from asker to answerer| Thanks again Marian and everyone! |
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The translation workplace 
