House Excess

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00:33 Apr 13, 2018
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / House excess
English term or phrase: House Excess
Buenas noches, colegas.

Espero que se encuentren muy bien. Quería consultarles qué entenderían por House Excess dentro del ámbito financiero? El contexto es el siguiente:
"subject to Rule 8(d) of the Default Rules, no amounts standing to the credit of such accounts (other than HOUSE EXCESS and, to the extent not already included in the relevant Clearing Member Current Collateral Balance, Client Buffer) shall be applied in or towards payment or satisfaction of all or any of the Member’s liabilities to the Clearing House on any one or more of the Member’s Client Accounts."

Tengo entendido que House excess es "A term used to describe the amount you are in excess of the minimum margin requirements based on the last days closing price of your portfolio." - O sea, un exceso/excedente... pero ¿y house? ¿será agencia?

¡Gracias!
Andrea Galindez
Argentina
Local time: 13:48


Summary of answers provided
5See explanation below
Posted via ProZ.com Mobile
Nigel Greenwood


  

Answers


6 hrs   confidence: Answerer confidence 5/5
See explanation below


Explanation:
House would refer to the Agency o Agent who does the trading for the client. A client has to have a minimum amount for trading with a broker or agent.

Nigel Greenwood
Spain
Local time: 18:48
Works in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
Notes to answerer
Asker: Thank you so much Nigel! I pretty much understand now the concept.

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