Sep 5, 2020 02:22
3 yrs ago
32 viewers *
Spanish term
United States
Timeliness, Accuracy and Reliability
Native in: Spanish 
Works in: English to Spanish, Spanish to English
Moneda Extranjera Cable
Spanish to English
Bus/Financial
Finance (general)
General Finance
Can someone shed light on this particular term? I have never heard of it. It appears in a document from Argentina.
La Resolución impide a los agentes bajo fiscalización de la CNV acumular liquidez en moneda extranjera en el exterior. A tal fin, impone a los agentes aplicar al menos el 90% del excedente de fondos diario que pueda originarse en caso de que el volumen de ventas de un valor negociable exceda el volumen de compras para cartera propia, a la adquisición de valores negociables ****en moneda extranjera cable**** concertadas en el mercado local y/o en mercados del exterior.
Help!!
La Resolución impide a los agentes bajo fiscalización de la CNV acumular liquidez en moneda extranjera en el exterior. A tal fin, impone a los agentes aplicar al menos el 90% del excedente de fondos diario que pueda originarse en caso de que el volumen de ventas de un valor negociable exceda el volumen de compras para cartera propia, a la adquisición de valores negociables ****en moneda extranjera cable**** concertadas en el mercado local y/o en mercados del exterior.
Help!!
Proposed translations
(English)
| 4 +3 | Blue chip swap |
Vanina Guarnieri
|
| 2 | with foreign currency transferable offshore |
José Ache Mazzei
|
Proposed translations
+3
6 mins
Vanina Guarnieri
Argentina
Argentina
Native in Spanish
Argentina
Medical and pharmaceutical translations
Native in: Spanish (Variants: Argentine, Latin American)
Works in: English to Spanish, Spanish to English
Related KudoZ points
:
4
Selected
Blue chip swap
Another term in Spanish for this transaction is: contado con liquidación.
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Note added at 15 mins (2020-09-05 02:37:48 GMT)
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It's a transaction in which a person or company can trade argentine pesos for another currency abroad, by selling shares or debt securities such as bonds.
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Note added at 15 mins (2020-09-05 02:37:48 GMT)
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It's a transaction in which a person or company can trade argentine pesos for another currency abroad, by selling shares or debt securities such as bonds.
Peer comment(s):
| agree |
philgoddard
: Maybe "in foreign currency at the blue-chip swap rate".
4 hrs
|
| neutral |
Francois Boye
: the blue-chip swap is described in the text. What you have to translate is only 'moneda extranjera cable'
11 hrs
|
| agree |
Luis M. Sosa
18 hrs
|
| agree |
Nelly Alejandra Alister
: http://us.exchangecurrency.biz/financial-terms/b/blue-chip-s...
20 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thank you everyone for the very helpful discussion. Thanks to your suggestions."
15 hrs
José Ache Mazzei
Argentina
Argentina
Native in Spanish
Argentina
English Spanish Translator
Native in: Spanish (Variants: Standard-Spain, Latin American)
Works in: Spanish, English
Spanish term (edited):
en moneda extranjera cable
with foreign currency transferable offshore
I think they are referring to those kind of securities, specially bonds, that trade both in US Dollars and Argentine Pesos and which you can purchase at any exchange with the possibility of transferring them to a foreign bank account or broker. These bonds usually feature a C (standing for "Cable") attached to the ticker.
Discussion
(AKA: CCL, Blue Chip Swap, Dolar Cable) This is the rate that is implied when people use securities (bonds or stocks) that are priced in US dollars in the United States and pesos in Argentina to move currency between markets. This operation is used by individuals or companies that need to legally move money in and out of Argentina.