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08:05 Feb 19, 2009
English to Swedish translations [PRO] Bus/Financial - Finance (general) / fondprospekt
English term or phrase:leveraged exposure
Kontext: The Certificates do not provide leveraged exposure to the Commodity Indices
Översättning: Andelsbevisen är inte föremål för XXX exponering mot råvaruindexen.
Översättningar av leveraged är "lånefinansierad" och "med hävstångseffekt", men jag undrar om det finns något annat och vilket som kan tänkas avses här.
It is very difficult to say if "provide" is positive or negative here. I insert the whole paragraph: "The Factor enables the Issue Price/Redemption Amount for each Series to be calculated as a fraction of the Commodity Index Level and will be determined and specified for each Series of Certificates in the Final Terms. The maximum Factor is 1. The Certificates do not provide leveraged exposure to the Commodity Indices."
I'd be inclined to go with 'lånefinansierad' but it all hinges on whether 'do not provide' is supposed to be a benefit or a disadvantage. Given the current financial turmoil (euphemism...) it would be a good thing if the certicates are not leveraged.
Do you have any more context? What are the Certificates and what are their function (except not providing leveraged exposure to the Commodity Indices)?
Automatic update in 00:
4 hrs confidence:
Explanation: seems to make sense, but there could be a more suitable/subtle term (i.e more euphemisms) as the key word for these funds seems to be 'implicit' :
Unlike borrowing money to buy a house, leveraged index funds generally do not borrow but rather invest in financial instruments which have implicit leverage, such as futures contracts, or explicit leverage, such as swap contracts. Like a mortgage, however, these financial instruments can be purchased for a fraction of the market exposure they provide. The following section outlines the unique aspects of expected returns for bull funds and bear funds.