Glossary entry (derived from question below)
English term or phrase:
retaining revolvers
Spanish translation:
créditos autorrenovables
Added to glossary by
César Cornejo Fuster
Feb 16, 2005 13:58
19 yrs ago
2 viewers *
English term
Degrees in Translation & English Studies
Native in: Spanish
Works in: English to Spanish, Catalan to Spanish, Spanish to English, and 1 more.
retaining revolvers
English to Spanish
Bus/Financial
Finance (general)
credit
Conflicts potentially exist:
Warehousing/Ramp up: Sale of initial portfolio to Kestrel
Sourcing of assets into CLO or Balance Sheet
Sale of credit impaired assets
Solutions taken:
Initial Portfolio is constructed by taking off predominantly B, C and Mezz loans from the balance sheet to seed the CLO and retaining revolvers and A tranches.
Approval process is similar for balance sheet and CLO. Allocation to CLO will be done on a case by case basis by WLB-LF acting in good faith and on an arm’s length basis.
If sale decision of impaired asset is taken both positions (CLO and B/S) will be liquidated. If bids obtainable are less than for total holding pro rata attribution will be made.
Warehousing/Ramp up: Sale of initial portfolio to Kestrel
Sourcing of assets into CLO or Balance Sheet
Sale of credit impaired assets
Solutions taken:
Initial Portfolio is constructed by taking off predominantly B, C and Mezz loans from the balance sheet to seed the CLO and retaining revolvers and A tranches.
Approval process is similar for balance sheet and CLO. Allocation to CLO will be done on a case by case basis by WLB-LF acting in good faith and on an arm’s length basis.
If sale decision of impaired asset is taken both positions (CLO and B/S) will be liquidated. If bids obtainable are less than for total holding pro rata attribution will be made.
Proposed translations
(Spanish)
| 4 | créditos autorrenovables |
aldazabal
|
Proposed translations
20 hrs
English term (edited):
revolvers
Selected
créditos autorrenovables
revolving credits are those where a bank agrees to make loans up to a specified maximum for a specified period. As the borrower repays a portion of the loan, an amount equal to the repayment can be borrowed again under the terms of the agreement.BARRON'S DICTIONARY OF FINANCE
Revolving credit - crédito autorrenovable / rotativo (Diccionario Bancario, R. Gil Esteban, Banco Popular Español.
Retaining, in my opinion, is not part of the term; I see the sentence as "taking off a and b and retaining c and d"
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Note added at 1 day 2 hrs 39 mins (2005-02-17 16:37:53 GMT)
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Revolving credit - Revolver: Crédito rotativo / autorrenovable Línea de crédito concedida por un banco a una empresa por un montante y un periodo determinados, con la característica de que el crédito se va renovando tan pronto como la empresa va amortizando las deudas que contrae con cargo a la línea de crédito (Dicc. de los nuevos negocios financieros. Samer Soufi)
Revolving credit - crédito autorrenovable / rotativo (Diccionario Bancario, R. Gil Esteban, Banco Popular Español.
Retaining, in my opinion, is not part of the term; I see the sentence as "taking off a and b and retaining c and d"
--------------------------------------------------
Note added at 1 day 2 hrs 39 mins (2005-02-17 16:37:53 GMT)
--------------------------------------------------
Revolving credit - Revolver: Crédito rotativo / autorrenovable Línea de crédito concedida por un banco a una empresa por un montante y un periodo determinados, con la característica de que el crédito se va renovando tan pronto como la empresa va amortizando las deudas que contrae con cargo a la línea de crédito (Dicc. de los nuevos negocios financieros. Samer Soufi)
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Comment: "Gracias"
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