Evento de Riesgo Soberano

English translation: SOVEREIGN RISK

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:RIESGO SOBERANO
English translation:SOVEREIGN RISK
Entered by: xxxtazdog
Options:
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- Include in personal glossary

08:05 Aug 10, 2001
Spanish to English translations [PRO]
Law/Patents
Spanish term or phrase: Evento de Riesgo Soberano
Sigo con eventualidades, eventuales y eventos.
El contexto es un Forward Agreement que dice: Evento de Riesgo Soberano, a los efectos del presente significará: 1) falta de cumplimier parte del Banco XX ...
Serious Risk Occurrence?
=)
Aurora Humarán
Argentina
Local time: 03:27
major risk
Explanation:
In the interest of economy of words, we Americans, unlike the Latins, tend not to embellish quite so much
Selected response from:

DR. RICHARD BAVRY
Grading comment
Diferencias culturales que afectan la lengua.
Gracias RICH!
4 KudoZ points were awarded for this answer



Summary of answers provided
na +3sovereign risk event
Marijke Singer
na +2further note on "sovereign risk"
xxxtazdog
na +1sovereign risk
xxxtazdog
naCatastrophic Risk Event
Jackie_A
na[COMMENT ON MY ANSWER]
DR. RICHARD BAVRY
na -1major risk
DR. RICHARD BAVRY


  

Answers


15 mins
Catastrophic Risk Event


Explanation:
In spanish "soberano" is the highest authority/degree.

In english, literally you could say a "Royal Risk Event" but it doesn't sound as well.

Saludos...


Jackie_A
United States
Local time: 23:27
Native speaker of: Native in SpanishSpanish, Native in EnglishEnglish
PRO pts in pair: 193
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23 mins peer agreement (net): -1
major risk


Explanation:
In the interest of economy of words, we Americans, unlike the Latins, tend not to embellish quite so much


    my experience with editors...and my mother tongue
DR. RICHARD BAVRY
PRO pts in pair: 94
Grading comment
Diferencias culturales que afectan la lengua.
Gracias RICH!

Peer comments on this answer (and responses from the answerer)
disagree  Sean Lyle: This is WRONG-Sovereign risk is a technical term to indicate debt of a sovereign state, not an entity within that state.
35 mins
  -> As I stated, if the context indicated that, I would entirely agree!
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24 mins peer agreement (net): +1
sovereign risk


Explanation:
From EuroDicAutom:

Spanish Term riesgo soberano;
riesgo que plantea el país
Reference Terminología de empréstitos y préstamos,Banco Mundial,1984
English Term sovereign risk
Definition the risk of changes in a borrowing country's overall foreign exchange position which might affect its ability to repay a loan

HIH


    Reference: http://eurodic.ip.lu:8086//cgi-bin/edicbin/expert.pl#1
xxxtazdog
Spain
Local time: 08:27
Native speaker of: English
PRO pts in pair: 5410

Peer comments on this answer (and responses from the answerer)
disagree  DR. RICHARD BAVRY: sounds a bit too grandiose in English to me, unless a country's sovereingty is involved in the full context
4 mins
  -> whether it sounds grandiose or not, that's the term. See note below.

agree  Sean Lyle: This is a technical term, not grandiosity!
35 mins

agree  Patricia Lutteral
2 hrs
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28 mins peer agreement (net): +3
sovereign risk event


Explanation:

El sitio web: http://msnhomepages.talkcity.com/LibraryLawn/aalmansi/RMLLCC...
explica lo que es riesgo soberano.

Una aparente digresión: ¿qué es "riesgo soberano"?

Un ingrediente de suma importancia en cualquier modelo de equilibrio general de un sistema financiero como el argentino es su "exposición al riesgo soberano". Aunque cada banco suele tener su propia medida de exposición a este riesgo, en general se trata de variaciones del siguiente tema:

Exposición al riesgo soberano = Activos Locales – Pasivos Locales

La idea del "riesgo soberano" es que los activos locales, a merced del soberano local, están expuestos a confiscación. En un "evento soberano", es decir ante una confiscación de activos, el banco puede responder repudiando sus pasivos locales, limitando así la magnitud de la pérdida resultante a la diferencia entre sus activos y pasivos locales.

Como ejemplo de un clásico "evento soberano" podemos recordar el llamado "Plan Bonex", que convirtió compulsivamente los encajes bancarios argentinos en bonos a diez años y permitió a los bancos cancelar con los mismos, también compulsivamente, algunos de sus pasivos.

Las diversas variantes de esta medida de exposición se derivan, principalmente, de los distintos conjuntos de activos y pasivos que, por razones jurídicas o comerciales, cada banco entiende como locales, es decir, como sujetos respectivamente a confiscación o repudio.

No pude encontrar nada mejor que 'event' para 'evento', aunque a mi también me suena mejor lo de 'occurrnce'.

¡Saludos y suerte!
Marijke




    Reference: http://europa.eu.int/eur-lex/en/lif/dat/2001/en_301D0076.htm...
    Reference: http://europa.eu.int/eur-lex/es/lif/dat/2001/es_301D0076.htm...
Marijke Singer
United Kingdom
Local time: 07:27
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in pair: 602

Peer comments on this answer (and responses from the answerer)
agree  xxxtazdog
13 mins

agree  Sean Lyle: Please see my comments above
31 mins

agree  Patricia Lutteral
2 hrs
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37 mins peer agreement (net): +2
further note on "sovereign risk"


Explanation:
If it involves an INTERNATIONAL transaction, the term is quite plausible. Seems right in this context.

Sovereign risk

The extra dimension of risk involved in international, as distinct from domestic, transactions. Sovereign risk is an aspect of the credit proposal that is additional to the usual commercial risks such as credit, foreign exchange and transport risks, and is outside the individual borrower's control; it can override the borrower's willingness and ability to repay financial obligations, even though the borrower may be a government. Sovereign risk implies the possibility that conditions will develop in a country which inhibit repayment of funds due from that country, such as exchange controls, strikes or declarations of war. An international lender should (but does not always) compensate for perceived sovereign risk by adjusting the interest rate charged. International banks impose lending limits on their business with foreign countries, although that is not foolproof. Also country risk.

It is a standard term, not my individual interpretation.


    Reference: http://www.anz.com.au/edna/dictionary.asp?action=content&con...
xxxtazdog
Spain
Local time: 08:27
Native speaker of: English
PRO pts in pair: 5410

Peer comments on this answer (and responses from the answerer)
agree  Sean Lyle: You are RIGHT, again!
23 mins
  -> thanks, Sean... but you know the saying, "some fell on stony ground..." :-)

agree  Patricia Lutteral
2 hrs
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47 mins
[COMMENT ON MY ANSWER]


Explanation:
How passionate indeed are the disagreements to my answer! One of the reasons I love Spanish and Italian! One can be certain of this, that English lacks the ardor (and oftentimes the delicious taste of words on the tongue) that Spanish has!


    Spanish poetry and prose that is truly untranslatable!
DR. RICHARD BAVRY
PRO pts in pair: 94

Peer comments on this answer (and responses from the answerer)
disagree  Sean Lyle: , and violently! Too many test tubes, Richard, not enough EngLit! as the lady misquoted, "Caparisons are odious!"
24 mins
  -> another "argumentum ad hominem" shame on you Sean..a violent reaction..am I at "sovereign" risk of losing forever ?

agree  Marcus Malabad: all these disagreements...Sean, drink green tea and say 'ommm, ommm'
1 hr
  -> always nice to keep on a somwhat even keel...omm ommm, thanks, Marcus!
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