GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:42 Aug 20, 2012 |
German to English translations [PRO] Bus/Financial - Investment / Securities / fund management/fund prospectus | |||||||
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| Selected response from: Sebastian Witte Germany Local time: 20:57 | ||||||
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Summary of answers provided | ||||
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3 | not to go beyond due to a new drawing |
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3 | unless the total of the NAVs represented...combined exceeds that amount because of new subscriptions |
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not to go beyond due to a new drawing Explanation: sth does not go beyond sth due to a new drawing |
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Betrag d. durch die Aktien verkörp. NV nicht aufgrund einer Neuzeichnung darüber hinaus gehen würde unless the total of the NAVs represented...combined exceeds that amount because of new subscriptions Explanation: ... and unless the total amount of the NAVs represented by the issued or allotted stock (Aktien) combined exceeds that amount [of EUR 1,250,000] on the occasion of / because of new subscriptions of shares in the fund ["The Offer period for new subscriptions of shares has now closed.", www.investegate.co.uk/Article.aspx?id=20090629150600H5659&t...] Let's be specific: Neuzeichnung does not mean a new issue of shares in the fund (Fondsanteile) by the issuer, it means new undertakings to buy them entered into by interested investors by way of a contractual declaration of intent. I think its not being an act attributable to the issuer can also be logically deducted from the example sentences. The term of art for that legal act is "to subscribe to/for fund shares (shares in the fund)". "Als Ergebnis errechnet sich das Nettovermögen des Fonds, der sogenannte Nettoinventarwert. Wird der Nettoinventarwert des Fonds durch die Anzahl der ausgegebenen Fondsanteile dividiert, ermittelt sich der Nettoinventarwert je Fondsanteil." http://www.bullenbrief.de/boersenlexikon__Nettoinventarwert.... That means that the technical term net asset value basically describes the value of all the investments held by the fund on behalf of the investors owning shares in the fund [less any liabilities faced by the fund] divided by the number of all the shares in the fund (Fondsanteile) issued. So the NAVs of the issued and allotted stock (Aktien) combined together result in the threshold value discussed in the context of your question that, if exceeded, triggers a prohibition of suspension regarding the issuance or allotment of stock, in particular stock of a given sub-fund or or of a given class of stock, dear colleague. This is the best I can do as the situation described in the document is really complicated. Wikipedia: Nettoinventarwert (Investmentfonds) Der Nettoinventarwert (NIV, engl. net asset value, NAV; auch Anteilwert, Inventarwert oder innerer Wert genannt) eines Fondsanteils entspricht dem durch die Anzahl der ausgegebenen Fondsanteile geteilten Nettofondsvermögen. Bei den meisten Fonds wird dieser Wert täglich berechnet und stellt oft die Basis für die Abrechnung von Kauf oder Verkauf von Fondsanteilen dar. Example sentence(s):
Reference: http://www.finanzen.net/nachricht/fonds/C-Quadrat-ARTS-Total... Reference: http://www.wallstreet-online.de/nachricht/4024485-solar-mill... |
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