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caja de conversión

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13:46 Oct 17, 2000
Spanish to English translations [Non-PRO]
Bus/Financial
Spanish term or phrase: caja de conversión
una caja de conversión es un fondo del Estado destinado a afrontar el pago de deudas, creo.
Victoria
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Summary of answers provided
5currency boardTheropo
naConversion Fund or Foreign Exchange FundLeonardo Lamarche
naobligaciones convertiblesxxxTransOl
nadebt conversion officexxxPaul Roige
naredenomination fund
Yolanda Broad


  

Answers


13 mins
redenomination fund


Explanation:
From Termium:

conversión: English:Banking
redenomination s
CONTEXT (example)- The issue of "redenomination" is the adoption of the new euro for national debts which are currently denominated in currencies such as the franc or D-Mark. s
1997-09-17




    Reference: http://www.termium.com
Yolanda Broad
United States
Local time: 18:14
Native speaker of: English
PRO pts in pair: 668
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43 mins
debt conversion office


Explanation:
Here goes an extract from 2nd ref below: "In the Central Bank, there are the Debt Conversion office and the two departments that deal with commercial debts. Those two departments handle the London Club debt, the Brady bonds and promissory notes". I feel denominations may vary from one society to another as i have also found: debt conversion bank, programme, etc. Might help cheers :)


    Reference: http://www.dfait-maeci.gc.ca/sanjose/funddebt-e.asp
    Reference: http://www.bradynet.com/bbs/nigeria/100006-0.html
xxxPaul Roige
Spain
Local time: 00:14
Native speaker of: Native in SpanishSpanish, Native in CatalanCatalan
PRO pts in pair: 442
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53 mins
obligaciones convertibles


Explanation:
This is a finacial term. Conversion finance is a change of a security or negotiable instrument from one form to another. Sucede que muchos estados emiten instrumentos financieros- respaldados por el propio estado- como pagarés o bonos (t-bonds) utilizados para financiar la deuda pública estatal. Estos instrumentos son convertibles y representan una obligación futura del estado en abonar un rendimiento a los inversores que compren esos instrumentos. Con el fin de ofrecer mayores garantías y/o rendimientos a los inversores, el estado puede ofrecer instrumentos finacieros convertibles en acciones de empresas estatales o en bonos de mayor rendimiento o duración. De ahí que una caja de conversión es un fondo de obligaciones convertibles para la financiación de la deuda pública.


    Hughes, Eco-Fin Dicc EN-Sp
xxxTransOl
PRO pts in pair: 37
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6 hrs
Conversion Fund or Foreign Exchange Fund


Explanation:
It seems to me that it refers to a government fund to be used for the estabilization of the local currency. Hope it helps.

Leonardo Lamarche
Local time: 19:14
PRO pts in pair: 124
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2619 days   confidence: Answerer confidence 5/5
currency board


Explanation:
A monetary authority required to guarantee convertibility when the local currency is tied to a foreign currency, e.g. Argentina in the 1990s when, by law, pesos could be converted to U.S. dollars at a rate of 1 to 1.

Example sentence(s):
  • La Ley de Convertibilidad [convirtió] el Banco Central de la República Argentina... en una caja de conversión

    Reference: http://iies.faces.ula.ve/investiga/Chuecos/Informacion/art%C...
Theropo
Local time: 18:14
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