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| 07:17 Jul 11, 2007 |
| English to Spanish translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Margarita Palatnik (X) Local time: 20:46 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 +4 | tasa de rescisión |
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| 4 | tasa de terminacion |
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peer agreement (net): +4tasa de rescisión Explanation: es una tasa que se estipula en caso de rescisión, y que se calcula al costo financiero (el costo del dinero) para una o ambas partes. THE NON-DEFAULT RATE OR THE TERMINATION RATE, NOT THE DEFAULT RATE, SHOULD BE APPLIED.Section 6(d)(ii) of the ISDA Master and related defined terms control the calculation of interest in this case. See Interest Opinion at *2. Section 6(d)(ii) provides that: [a]n amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable iseffective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Date). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. The definition of Applicable Rate referenced in Section 6(d)(ii) offers three possible rates: the Default Rate (based on the payee's cost of funds), the Non-Default Rate(based on the Non-defaulting Party's cost of funds) and the Termination Rate (based on both parties' cost of funds). |
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Grading comment
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