GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:34 May 19, 2001 |
English to Spanish translations [PRO] Bus/Financial | |||||||
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| Selected response from: Davorka Grgic Local time: 23:58 | ||||||
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Summary of answers provided | ||||
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na | programa de ganancias a raudales (roll program) |
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programa de ganancias a raudales (roll program) Explanation: Es un término yuppie. Todos los términos en tu pregunta están relacionados con los programas de ganancias abundantes (y muchas veces fraudulentas) lo que dificulta la tradución de este término. Lo que te propongo es añadir el témino original, para que los yuppies sepan a que se refiere. Espero haberte ayudado. Roll Program - A broker term describing a trade program. The use of the term “roll program” should be avoided. pandora.nla.gov.au/parchive/2000/Z2000-Nov-10/www.australianinvestor.net/glossary.html Roll program (or programme)--See "Buy-sells." The roll program (also referred to as a "high-yield program") is similar to the buy-sell, except that it contemplates immediate sales of the so-called investment paper and reinvestment of the proceeds. (The trades are supposed to be done as frequently as once a week.) The promoters of these fraudulent deals promise astronomical gains, e.g., 28 percent per annum. Buy-sells--A type of fraudulent investment scheme, wherein the victim (investor) opens an alleged "trading facility," supposedly enabling him to participate in the purchase of Prime Bank Notes, Standby Letters of Credit, etc. The promoter requires a substantial investment and promises a return that is usually above market rates. The typical buy-sell contemplates a holding period of up to a year. Typically, there is never any return on the investment. In fact, there is no investment: The promoter has absconded with it. The description of the scheme is usually convoluted and confusing, and does not really make financial sense. See "roll program." www.nacm.org/bcmag/bcarchives/1996/articles1996/julaug/jula... The Anatomy of a Bank Debenture Fraud In the world of international finance, bank debenture frauds are perhaps some of the oldest ones in the book and have been responsible for separating legitimate investors from untold billions of dollars of their money over the past few decades. Despite their storied history, it is worthwhile to re-examine bank debenture frauds particularly since more sophisticated scams are increasingly being promoted on the Internet today. A bank debenture, simply put, is an acknowledgement of debt by a bank. Banks do indeed issue debentures, which are quoted on the major exchanges and can be publicly traded. As a general proposition, scammers working the bank debenture scheme typically promise extremely high rates of return in a remarkably short period of time, and offer "bank guarantees" or "letters of credit" that are issued by some of the world's "prime banks" which, when traded several times (a so-called "roll program") will allow the investment to multiply in value considerably. Please note that while legitimate bank debentures can be publicly traded, letters of credit and bank guarantees cannot. www.powersecuritiesltd.com/magazine/dec99/dec99alert_b.htm Kaiden further asserts that the instruments that he offered did not involve a common venture. A common enterprise within the meaning of Howey can be established by so-called "horizontal commonality," which contemplates the tying of each individual investor's fortune to the fortunes of others, by, for example, pooling assets or sharing profits. 24 Kaiden's communications offered "profitable trading participation" in programs in which the operator would purchase discounted prime bank instruments and resell the instruments. The "Roll Program," for example, offered Hancock the opportunity to "participate in trading" done by a "Provider," with "arrangements with a large group of buyers." The "Provider" would purchase and resell PBGsand SLCs, using "the investor funds" to effect the transaction. It appears that these programs involved both pooling interests and sharing profits. http://www.sec.gov/litigation/opinions/34-41629.htm. roll [rl ] verb (past rolled, past participle rolled, present participle rol·ling, 3rd person present singular rolls) 1. transitive and intransitive verb turn over and over: to move or cause something to move with repeated turning or rotating motions (Encarta) roll in (vi + adv) (money, letters) llegar en abundancia; (waves) subir y bajar;(fam ; person) aparecer; the money is ~ing in (fam) nos entra el dinero a raudales; (Collins) arriba |
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