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(gastos) detraídos diariamente en número de participaciones

English translation: (expenses) daily deducted/withheld in amount of holdings/shares

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:(gastos) detraídos diariamente en número de participaciones
English translation:(expenses) daily deducted/withheld in amount of holdings/shares
Entered by: Bubo Coromandus
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15:14 Jul 6, 2007
Spanish to English translations [PRO]
Bus/Financial - Insurance / method of collecting Insurer\'s fees
Spanish term or phrase: (gastos) detraídos diariamente en número de participaciones
Context: "Gastos de Gestión: 0,50% anual devengado diariamente sobre el saldo del contrato al final de cada día, ***detraídos diariamente en número de participaciones***. 2,50% Comisión de suscripción sobre primas." -- This is an insurance policy where the "activo vinculado" is 3-YEAR NOTE ON DJ EUROSTOXX50. Each "participación" costs 1,000 euros and the policyholder has invested 7,000 euros. What I cannot understand is that the Insurers appear to be saying they will take their fees by reducing the number of "participaciones", but given the high value per "participación", I cannot see how this is possible.
Bubo Coromandus
(expenses) daily deducted/withheld in amount of holdings/shares
Explanation:
As per the context. "Detraído" means "removed, separated, taken away", so we are obviously talking of collecting the management expenses from the total amount represented by the holdings/shares; at the end of the day, total holdings amount to money, so it's just a question of gross versus net value.
Selected response from:

MikeGarcia
Spain
Local time: 04:15
Grading comment
Masterly explanation, thank you!
4 KudoZ points were awarded for this answer

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4(expenses) daily deducted/withheld in amount of holdings/shares
MikeGarcia


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17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
(expenses) daily deducted/withheld in amount of holdings/shares


Explanation:
As per the context. "Detraído" means "removed, separated, taken away", so we are obviously talking of collecting the management expenses from the total amount represented by the holdings/shares; at the end of the day, total holdings amount to money, so it's just a question of gross versus net value.

MikeGarcia
Spain
Local time: 04:15
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 83
Grading comment
Masterly explanation, thank you!
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