Glossary entry (derived from question below)
Spanish term or phrase:
Bono Autocancelable
English translation:
self-liquidating bond
Added to glossary by
patinba
Sep 11, 2013 08:31
11 yrs ago
3 viewers *
Spanish term
Bono Autocancelable
Spanish to English
Bus/Financial
Finance (general)
From a list of financial instruments. The text doesn't explain what it is, just that its an attractive investment in a bull market
"Bono Autocancelable a 3 años sobre IBEX 35"
The only "self-canceling" instrument I can find is a "self-canceling installment note" but I don't think thats the same thing at all. Cant find any refs to self-canceling or self-settling (3-year) bonds
"Bono Autocancelable a 3 años sobre IBEX 35"
The only "self-canceling" instrument I can find is a "self-canceling installment note" but I don't think thats the same thing at all. Cant find any refs to self-canceling or self-settling (3-year) bonds
Proposed translations
(English)
5 | self-liquidating bond |
patinba
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4 | Autocall bond/note OR kick-out plan |
Marie-Helene Dubois
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References
Refs. |
Taña Dalglish
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Change log
Sep 16, 2013 11:31: patinba Created KOG entry
Proposed translations
2 hrs
Selected
self-liquidating bond
What is self liquidating bond? definition and meaning
www.businessdictionary.com/.../self-liquidating-bon...
Traducir esta página
Definition of self liquidating bond: Bond whose interest and principal is fully paid off (serviced) from the revenue generated by the project financed by the bond ...
Self-Liquidating Bond - The Free Dictionary
www.thefreedictionary.com/Self-Liquidating Bond
Traducir esta página
self-liq·ui·dat·ing (s lf l k w -d t ng). adj. 1. Involving goods convertible into cash in a short time. Used of business transactions. 2. Producing a return equal to the ...
www.businessdictionary.com/.../self-liquidating-bon...
Traducir esta página
Definition of self liquidating bond: Bond whose interest and principal is fully paid off (serviced) from the revenue generated by the project financed by the bond ...
Self-Liquidating Bond - The Free Dictionary
www.thefreedictionary.com/Self-Liquidating Bond
Traducir esta página
self-liq·ui·dat·ing (s lf l k w -d t ng). adj. 1. Involving goods convertible into cash in a short time. Used of business transactions. 2. Producing a return equal to the ...
4 KudoZ points awarded for this answer.
Comment: "Many thanks patinba, Marie-Helene and Taña"
4 hrs
Autocall bond/note OR kick-out plan
It looks as though a "bono autocancelable" is a type of structured note.
If you look at the description on this site of what they refer to as "autocalls" OR "kick-out plans", you'll see that it is the exact same product as a "bono autocancelable".
Autocall products are increasingly popular with investors, advisers and product providers and should be judged on investors’ comfort, not on missed opportunities. Autocalls, also known as kick-out plans, have captured a large part of the structured product market in recent years. Product providers use them to offer higher payoffs than other SPs that automatically run to a full term. Advisers are using them to generate double-digit returns and provide portfolio diversification. Autocalls pay out a defined return providing a predefined event takes place.
here you can get a feel for the type of product a "bono autocancelable" is:
http://www.iese.edu/research/pdfs/di-0951.pdf
If you click on the "final terms and conditions" here, you will see that under the heading of "bono autocancelable", Citibank include the English terms and conditions for "autocalls":
http://www.citibank.com/spain/consumer/spanish/inversiones/p...
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Note added at 4 hrs (2013-09-11 13:05:23 GMT)
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The link didn't stick so this is the site I mentioned by the way: http://advancequities.com/en/the-latest-news/headlines/88-he...
If you look at the description on this site of what they refer to as "autocalls" OR "kick-out plans", you'll see that it is the exact same product as a "bono autocancelable".
Autocall products are increasingly popular with investors, advisers and product providers and should be judged on investors’ comfort, not on missed opportunities. Autocalls, also known as kick-out plans, have captured a large part of the structured product market in recent years. Product providers use them to offer higher payoffs than other SPs that automatically run to a full term. Advisers are using them to generate double-digit returns and provide portfolio diversification. Autocalls pay out a defined return providing a predefined event takes place.
here you can get a feel for the type of product a "bono autocancelable" is:
http://www.iese.edu/research/pdfs/di-0951.pdf
If you click on the "final terms and conditions" here, you will see that under the heading of "bono autocancelable", Citibank include the English terms and conditions for "autocalls":
http://www.citibank.com/spain/consumer/spanish/inversiones/p...
--------------------------------------------------
Note added at 4 hrs (2013-09-11 13:05:23 GMT)
--------------------------------------------------
The link didn't stick so this is the site I mentioned by the way: http://advancequities.com/en/the-latest-news/headlines/88-he...
Reference comments
35 mins
Reference:
Refs.
http://www.citibank.com/spain/consumer/spanish/inversiones/p...
Issue of up to EUR50,000,000 Snowballing Autocall Notes due May 2013 linked to the EURO STOXX 50®
http://www.citibank.com/spain/consumer/spanish/inversiones/p...
http://www.sdgm.com/Support/Glossary.aspx?term=Autocallable
http://www.sdgm.com/en/Support/Glossary.aspx
Issue of up to EUR50,000,000 Snowballing Autocall Notes due May 2013 linked to the EURO STOXX 50®
http://www.citibank.com/spain/consumer/spanish/inversiones/p...
http://www.sdgm.com/Support/Glossary.aspx?term=Autocallable
http://www.sdgm.com/en/Support/Glossary.aspx
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