miembro liquidador vs. miembro compensador

English translation: disbursing/paying/liquidating member vs. clearing member

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	miembro liquidador vs. miembro compensador
English translation:	disbursing/paying/liquidating member vs. clearing member
Entered by:	Margarita Ezquerra (Smart Translators, S.L.)

12:42 Nov 10, 2008

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Futures markets

Spanish term or phrase: miembro liquidador vs. miembro compensador

From Spain, a regulator's document covering futures markets. There are plenty of references for both "miembro liquidador" and "miembro compensador" (e.g. IATE), but all those I have been able to find are "clearing member" for each of them! Clearly there must be a difference... what would each one be (different types of clearing member I assume):

"... y el número de participantes es de [X] miembros negociadores, de los cuales [Y] pertenecen a grupos integrados, [Z1] miembros liquidadores y [Z2] miembros compensadores."

BristolTEc KudoZ activity Questions: 1325 (9 open) (153 closed without grading) Answers: 502 Ecuador
Local time: 04:59

disbursing/paying/liquidating member vs. clearing member

Explanation:
Creo que esta sería una opción. Saludos

Selected response from:

Margarita Ezquerra (Smart Translators, S.L.)
Spain
Local time: 11:59

Grading comment

Many thanks
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +4

disbursing/paying/liquidating member vs. clearing member

Margarita Ezquerra (Smart Translators, S.L.)

Answers

1 hr confidence:

peer agreement (net): +4

disbursing/paying/liquidating member vs. clearing member

Explanation:
Creo que esta sería una opción. Saludos

Margarita Ezquerra (Smart Translators, S.L.)
Spain
Local time: 11:59
Specializes in field
Native speaker of: Spanish
PRO pts in category: 1002

Grading comment

Many thanks

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