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08:07 Nov 25, 2001
German to English translations [PRO] Bus/Financial
German term or phrase:börsennahe
Does anybody know how "börsennahe" derivatives, e.g. plain vanilla derivatives, would be translated?
Explanation: abbreviated: OTC market - this is my best guess as the question was not very clear to me either. OTC trading means that the transactions are made not on the bourse (like LIFFE in the UK), but the considerations of the parties are very much the same.
Eva Blanar Hungary Local time: 18:25 Native speaker of: Hungarian PRO pts in pair: 247
derivatives can be exchange-traded or over-the-counter...
Explanation: I understand "plain vanilla" to mean "with standard conditions" - which could be the case either for exchange traded or OTC derivatives. I have never come across the term "Börsennahe Derivative", so without more context it is hard to tell what you mean.
Explanation: Borersennah ist auch marktnah.Es gibt eine marktnahe bilanzielle Bewertung ( fair value)von Derivaten, die sich sozusagen an dem unterliegenden Marktpreis richtet.Besser kann ich's auch nicht erklaeren.Siehe Links:))
Explanation: This usually refers to OTC derivatives which have the same (or very similar) specifications as exchange-traded contracts, but are traded off-exchange. Some derivative exchanges (e.g. Eurex) have certain functions to enter those 'look-alikes' into the respective clearing system.
The point here is to use the flexibility of the OTC market whilst benefiting from the fungibility of standardised contract specifications.
(Don't hesitate to contact me if this is unclear...)
Own professional experience in financial markets (including interest rate and equity/index derivatives)
Ralf Lemster Germany Local time: 18:25 Native speaker of: German PRO pts in pair: 2684