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This question was closed without grading. Reason: Answer found elsewhere
May 26, 2014 17:41
9 yrs ago
17 viewers *
Spanish term

Activos afectos a garantías hasta el 150%

Spanish to English Bus/Financial Finance (general) Folleto informativo de un fondo de inversión
Context:
Existe un contrato de garantía financiera con XXX plc, que podrá disponer de activos afecto a garantías hasta el 140% de las obligaciones de la Sociedad frente a aquel.
Proposed translations (English)
5 +1 (provide for) security of assets up to 150% of the Company's obligations to.....
4 charged assets up to 140%

Discussion

Jose Morago (asker) Jun 3, 2014:
I've just found a clearer sentence in another text related to the same company: "El porcentaje del valor de mercado máximo de los activos afectos a garantías que puedan ser objeto de disposición por parte del Prime Broker será del 150% de las obligaciones de la Sociedad respecto al Prime Broker" I hope it helps.
Jose Morago (asker) May 26, 2014:
Yes, the original sentence sounds weird to me, particularly "activos afectos a garantías hasta el 150%". I guess "aquel" relate to XXX plc, the creditor. It seems that xxx plc may have company's assets at its disposal, but it makes not sense...
philgoddard May 26, 2014:
I'm not very clear about the context. Presumably XXX plc is a bank, and "la sociedad" is the company whose liabilities are being guaranteed, but what does "aquel" relate to? The creditor?
I assume it means that the guarantee is secured on the debtor's assets and is worth 140% of the liabilities.

Proposed translations

+1
55 mins

(provide for) security of assets up to 150% of the Company's obligations to.....

.

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Note added at 59 mins (2014-05-26 18:41:31 GMT)
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you can add 'with a value of up' before "to 150%" if you really want to.
Peer comment(s):
neutral philgoddard : I don't think "provide for security of assets" is clear, and you haven't given an explanation.
58 mins
agree Mike Yarnold (X)
1 day 3 hrs
Thanks Mike.
Something went wrong...
4 hrs

charged assets up to 140%

No me deja pegar la referencia porque está en un pdf, pero fijate en la página 13, "Provisions related to security - Charged assets" y en el enlace anterior de Kudoz.

Como comenté arriba en la discusión, se trata de una mala redacción en español. Debería se "activos afectados (en garantía) por hasta 140% de la obligaciones de la Sociedad". Afectados en garantía es un poco redundante incluso. Con decir "afectados" se sobreentiende que están en garantía del cumplimiento de una deuda/obligación.

http://www.ise.ie/debt_documents/STARTS (Ireland) plc Series...

http://www.proz.com/kudoz/english_to_spanish/law_contracts/2...

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Note added at 4 hrs (2014-05-26 22:35:49 GMT)
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Charged assets

Your securities and any other assets shall at all times be held by us subject to a general lien and right of set off against your Obligations whether or not we have provided credit, loans or other financial facilities to you in connection with such assets and irrespective of the number of accounts which you may have with us.
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