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19:33 Oct 21, 2011
Spanish to English translations [PRO] Bus/Financial - Other
Spanish term or phrase:descuento al capital
En un documento que trata de la fusión de dos empresas aseguradoras, y dentro de la sección titulada "Scorecard para Riesgo Operativo" pone:
El cumplir con las métricas de riesgo operativo tiene un impacto directo en los descuentos al Capital.
These "descuentos al capital" are never mentioned again in the text. I´m not sure if the phrase means discounts to capital, capital allowances, or what. All help is greatly appreciated, thanks!
Explanation: Without more context I'd go with a literal term
a) Capital Deduction
A capital deduction is an incentive given to investors on capital expenditure incurred on Industrial buildings and machinery used for the production of income. In the case of machinery, capital deductions are given in respect to wear and tear and in respect to capital expenditure in the case of Industrial and Hotel buildings http://www.kra.go.ke/incometax/incometaxincentives.html
Since no capital deductions are allowed, depreciation on capital assets is not tax-deductible, although tax depreciation, known as "capital allowances" is available instead for expenditure on some capital assets. http://en.wikipedia.org/wiki/Schedular_system_of_taxation
Line 4: Capital Costs (Capex) Deductions. Capital deductions are those expenditures generally associated with infrastructure. The costs of building the mine, extraction, utility, and upgrader facilities are all capital. http://speciousargument.com/cgi-bin/khsmt424/mt-search.cgi?b...
Thanks for your speedy reply. I ended up using this, but FVS´s answer could also have fit the bill. It was really hard to tell without more context. 4 KudoZ points were awarded for this answer
Huh, good idea, jack_speak. The thing is, there really isn´t all that much context, because the document is the minutes of a meeting about this merger, and there are just all of these short blurbs about the various ideas that were discussed. And without more background I really don´t want to go out on a limb and risk making a meaning error. Arrgh. :)
Laura, can you tell from the greater context if this might be referring to the merged entities' cost of capital in the sense that achieving the targets on these metrics reduces perceived risk and lenders might reduce the interest rate or purchasers of corporate bonds, as applicable, might be willing to pay a higher price for the bonds, in effect reducing the capital costs?
Explanation: Without more context I'd go with a literal term
a) Capital Deduction
A capital deduction is an incentive given to investors on capital expenditure incurred on Industrial buildings and machinery used for the production of income. In the case of machinery, capital deductions are given in respect to wear and tear and in respect to capital expenditure in the case of Industrial and Hotel buildings http://www.kra.go.ke/incometax/incometaxincentives.html
Since no capital deductions are allowed, depreciation on capital assets is not tax-deductible, although tax depreciation, known as "capital allowances" is available instead for expenditure on some capital assets. http://en.wikipedia.org/wiki/Schedular_system_of_taxation
Line 4: Capital Costs (Capex) Deductions. Capital deductions are those expenditures generally associated with infrastructure. The costs of building the mine, extraction, utility, and upgrader facilities are all capital. http://speciousargument.com/cgi-bin/khsmt424/mt-search.cgi?b...
rich. Mexico Local time: 21:45 Native speaker of: English PRO pts in category: 20
Grading comment
Thanks for your speedy reply. I ended up using this, but FVS´s answer could also have fit the bill. It was really hard to tell without more context.
Explanation: When arranging a merger a capital ratio is worked out so that the shareholders of each side know how much they will receive. If one company is subject to risks then its capital will be discounted for merger ratio purposes.
xxxFVS Native speaker of: English PRO pts in category: 52
The translation workplace 
