Glossary entry

Spanish term or phrase:

operativa de pagos/cobros

English translation:

mechanism for payment/collection of collateral

Added to glossary by William Pairman
Apr 3, 2010 11:10
14 yrs ago
15 viewers *
Spanish term

operativa de pagos/cobros

Spanish to English Bus/Financial Finance (general)
From a Spanish banks annual report:

Por otra parte, dentro de los acuerdos ISDA que la Entidad ha firmado para la actividad de derivados con la mayoría de las contrapartes, existen unos acuerdos de colaterales (CSA) que establecen una operativa de pagos/cobros de garantías en función de la valoración de la cartera de posiciones

Discussion

William Pairman (asker) Apr 3, 2010:
It continues... De esta forma, en caso de producirse un default por alguna de las partes, estas garantías cubrirían el valor de mercado de las posiciones

Proposed translations

+3
2 hrs
Selected

mechanism for payment/collection of collateral

The Credit Support Annex (CSA) refers to "collateral".
Peer comment(s):

agree Andy Watkinson : Was thinking along the same lines - "operativa" often refers more to a system/method/mechanism than an operation per se.
1 hr
Thanks, Andy!
agree Kevin Melody
2 hrs
Thank-you!
agree Edward Tully : yep, better than my idea!
19 hrs
Thank-you Edward!
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4 KudoZ points awarded for this answer. Comment: "Many thanks patinba and Margaret!"
44 mins

an operation for paying/collecting guarantees/waranties

My version here.
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