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matching de tenors

English translation: identical holding periods

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11:25 Aug 3, 2000
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: matching de tenors
"como uno de los principales riesgos del [company] encontramos la
inmovilización de patrimonio a través de tener bookeados [that is not a
joke] en su balance tanto el [property] como el 4% de las acciones de
[company]. De todas formas el riesgo de matching de tenors se ven en
parte mitigado por:
wendy griswold
Local time: 00:06
English translation:identical holding periods
Explanation:
"tenor" as a synonym for "holding period" appears to be a European and FBE (former British Empire) usage:

1) In www.ueda-net.co.jp/hb/eng/gyomu/egyfra.html:
"Standard Tenors: The most popular tenor is 1 year; however shorter and longer tenors are traded. [...] Short Swaps: Usually Spot Start Swaps (two business days after transaction date) with up to a 2 year tenor."

2) In www.business.fortunecity.com/gonda/1179/finmkts3.html:
"…the Bank's monetary policy interventions aren't overnight; they typically have a 2-week tenor."

3) In www.indiaserver.com/businessline/1999/07/10/stories/021018l...
"According to the company's annual report for 1998-99, the prepayment was made during the year by raising a syndicated foreign currency loan of matching tenor at a lower rate of interest from a commercial bank…"

Identical holding periods could quite possibly pose a difficulty in terms of the liquidity of a company's assets. Thus, "...one of the principal risks incurred by XXX company consists of the freezing [or "tying-up"] of assets, as a result of the entry, in its balance sheet, of both the YYY property and 4% of the shares in ZZZ. In any event, the risk posed by identical holding periods is partially mitigated by...."

Hope this sheds a little light...!
Selected response from:

Heathcliff
United States
Local time: 21:06
Grading comment
As usual, all the answers were helpful and I am grateful that my colleagues took the time.
4 KudoZ points were awarded for this answer

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Summary of answers provided
namatching tenorsMegdalina
naidentical holding periodsHeathcliff
namatching of the tenors
Laura Gentili


  

Answers


16 mins
matching of the tenors


Explanation:
I hope I understood your question.
In Spanish, they have used 2 English words, °matching° and °tenors°.

See, for example:
The net margin contribution business units earn from the sale of monetary (financial) products to customers varies over time. The imperfect matching of the amounts, tenors and interest rate attributes associated with funds provided or used contributes to this margin variation. To manage the net margin, the components of the margin must be desegregated and assigned to the unit responsible for its management.

Laura Gentili
Italy
Local time: 06:06
Native speaker of: Native in ItalianItalian
PRO pts in pair: 38

Peer comments on this answer (and responses from the answerer)
Heathcliff
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2 hrs
identical holding periods


Explanation:
"tenor" as a synonym for "holding period" appears to be a European and FBE (former British Empire) usage:

1) In www.ueda-net.co.jp/hb/eng/gyomu/egyfra.html:
"Standard Tenors: The most popular tenor is 1 year; however shorter and longer tenors are traded. [...] Short Swaps: Usually Spot Start Swaps (two business days after transaction date) with up to a 2 year tenor."

2) In www.business.fortunecity.com/gonda/1179/finmkts3.html:
"…the Bank's monetary policy interventions aren't overnight; they typically have a 2-week tenor."

3) In www.indiaserver.com/businessline/1999/07/10/stories/021018l...
"According to the company's annual report for 1998-99, the prepayment was made during the year by raising a syndicated foreign currency loan of matching tenor at a lower rate of interest from a commercial bank…"

Identical holding periods could quite possibly pose a difficulty in terms of the liquidity of a company's assets. Thus, "...one of the principal risks incurred by XXX company consists of the freezing [or "tying-up"] of assets, as a result of the entry, in its balance sheet, of both the YYY property and 4% of the shares in ZZZ. In any event, the risk posed by identical holding periods is partially mitigated by...."

Hope this sheds a little light...!


Heathcliff
United States
Local time: 21:06
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 843
Grading comment
As usual, all the answers were helpful and I am grateful that my colleagues took the time.
Login to enter a peer comment (or grade)

10 hrs
matching tenors


Explanation:
Very interesting! Matching is obviously an English term - tenor is the same in English or Spanish so I assume they used the "American" term matching and their term tenors. This happens a lot in business gobbley-gook. Hope this clears it up for you. Suerte!

Megdalina
PRO pts in pair: 79

Peer comments on this answer (and responses from the answerer)
Heathcliff

Alexandro Padres Jimenez
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