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CONTINGENT SURPLUS NOTES (CSN)

Spanish translation: fideicomisos que emitieron bonos de contribución/inversión contingentes a 10 años

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08:08 Oct 30, 2000
English to Spanish translations [PRO]
Bus/Financial
English term or phrase: CONTINGENT SURPLUS NOTES (CSN)
Derivatives: "The Catastrophe Equity Put's financial structure involved setting off-balance sheet CSN trusts, which issued 10-year contingent surplus notes. Each CSN trust invested the full proceeds in 10-year US treasuries."
MF Traducciones
Argentina
Local time: 08:41
Spanish translation:fideicomisos que emitieron bonos de contribución/inversión contingentes a 10 años
Explanation:
o pagaré senior (ver ref 2).

«Issuing surplus notes could be considered a way of raising outside capital without going public--or of testing the attractiveness of a plan to public investors, in case it should decide to become a for-profit entity.

Surplus notes--also known as surplus debentures or certificates of contribution--are securities similar to subordinated debt. They are issued directly by an insurer, rather than by a holding company, and generally are treated as surplus on a statutory basis, not as a liability of the issuer. Mutual insurers have been the predominant users of surplus notes because they generally have limited access to capital. In light of the Blues' need for capital, the potential for plans to issue surplus notes is high.» (ref1)



Selected response from:

ZoeZoe
Grading comment
Muchas gracias por tu ayuda!!!!! Fue muy util!!!!

Saludos,

Florencia
4 KudoZ points were awarded for this answer

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Summary of answers provided
nafideicomisos que emitieron bonos de contribución/inversión contingentes a 10 años
ZoeZoe


  

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3 hrs
fideicomisos que emitieron bonos de contribución/inversión contingentes a 10 años


Explanation:
o pagaré senior (ver ref 2).

«Issuing surplus notes could be considered a way of raising outside capital without going public--or of testing the attractiveness of a plan to public investors, in case it should decide to become a for-profit entity.

Surplus notes--also known as surplus debentures or certificates of contribution--are securities similar to subordinated debt. They are issued directly by an insurer, rather than by a holding company, and generally are treated as surplus on a statutory basis, not as a liability of the issuer. Mutual insurers have been the predominant users of surplus notes because they generally have limited access to capital. In light of the Blues' need for capital, the potential for plans to issue surplus notes is high.» (ref1)






    Reference: http://www.bestweek.com/issue-lh/1997/sr072197.html
    Reference: http://www.excelsior.com.mx/0003/000312/fin10.html
ZoeZoe
PRO pts in pair: 107
Grading comment
Muchas gracias por tu ayuda!!!!! Fue muy util!!!!

Saludos,

Florencia
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