GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:38 Feb 19, 2012 |
Spanish to English translations [PRO] Bus/Financial - Accounting / Balance | |||||||
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| Selected response from: Richard Hill Mexico Local time: 03:39 | ||||||
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Summary of answers provided | ||||
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3 +1 | cut-off margin |
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3 | margin |
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margin Explanation: Class III for Ps. 55.8 million, falling due 18 months after the issuance date, accruing interest at Private Badlar rate plus a 3% margin, payable quarterly when due. Class III Notes are payable in one single installment 18 months after issuance. http://www.wikinvest.com/stock/Cresud_S.A.C.I.F._y_A._(CRESY... -------------------------------------------------- Note added at 13 mins (2012-02-19 22:52:22 GMT) -------------------------------------------------- - serie No.5 : AR$ 70 millions on a 18 months maturity with a floating private BADLAR rate plus 2.5% margin. The book was 1.7 times oversubscribed. http://www.psa-peugeot-citroen.com/document/amf/January_27_B... |
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cut-off margin Explanation: The cut-off margin will be the six-month treasury bill weighted average yield, which in the last auction on Feb. 23, was 13.6750 percent. The issue, known as the Government of Pakistan Ijara Sukuk, is a three-year bond. Settlement for the auction held on Tuesday will be on March... http://www.geonewsblog.com/tag/cut-off-margin/ Cut-off Margin - When the effective equity falls below the cut-off margin level, we are required to close your open positions at market rates until your effective account equity reaches above the cut-off margin level again. http://www.gsnewzealand.com/metal_services.asp -------------------------------------------------- Note added at 26 mins (2012-02-19 23:04:32 GMT) -------------------------------------------------- Currently, daily interest rates are published by the BCRA on the Internet under www.bcra.gov.ar in the statistics section –monetary and finance–deposit interest rate and BADLAR rate (daily series). Once the relevant year is selected, an Excel file with several spreadsheets opens. The Spreadsheet under “Estratos” must be selected and the relevant column must be looked for, according to the description above. In the event the BCRA discontinues the publication of such interest rate (i) the substitute rate of said rate as reported by the BCRA shall be used; or (ii) in the event there is no such substitute rate, the rate taken into account shall the arithmetic mean of the rates paid for the same term by the first five private banks, according to the last report on available deposits. Minimum Reference Interest Margin: 2.50% per annum, upon a 365-day basis. Differential Cut-off Margin: Fixed percentage to be determined by means of the Auction process described below in this Pricing Supplement http://www.wikinvest.com/stock/Telefonica_De_Argentina_SA_(T... |
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