2. Pronti contro termine attivi

English translation: reverse repurchase agreements (assets)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Italian term or phrase:	2. Pronti contro termine attivi
English translation:	reverse repurchase agreements (assets)
Entered by:	James (Jim) Davis

15:21 Feb 1, 2007

Italian to English translations [PRO]
Bus/Financial - Finance (general) / balance sheet

Italian term or phrase: 2. Pronti contro termine attivi

In the accounts of a bank, are these the simple Repurchase agreements (repos) or are they the Rerverse repurchase agreements? I have looked in the glossary, but there is no reference to "reverse" there.

James (Jim) Davis KudoZ activity Questions: 207 (none open) (3 without valid answers) (21 closed without grading) Answers: 8929 Seychelles
Local time: 14:14

reverse repurchase assets

Explanation:
I think you have to specify that these are assets, because reverse repos. can also be liabilities.

Don't put "repo. assets" because that is something else.

Try googling and see what you get. I'm pretty sure that's how they put it in american statements though.

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Note added at 1 hr (2007-02-01 16:22:14 GMT)
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You can also go whole hog and put "reverse repurchase agreement assets". See commerzbank.

www.commercebank.com/about/news/earn3q06disc.asp

www.snl.com/irweblinkx/file.aspx?IID=100184&FID=2910154&O=3...

or just "reverse repurchase assets"

www.secinfo.com/dsvRu.v6ut.htm

www.nabgroup.com/vgnmedia/downld/NAB_AFR_pg1-94.pdf

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Note added at 1 hr (2007-02-01 16:23:13 GMT)
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ps "repo assets" are "repossessed assets", in case you were wondering. sorry i wasn't clear on that.

Selected response from:

Katherine Zei
Canada
Local time: 05:14

Grading comment

There you go Katherine, they are yours :-) I didn't put "assets" because that was at the head of the table:
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +1

reverse repurchase assets

Katherine Zei

4 +1

reverse repurchase agreements

Michael Pawlik

Answers

56 mins confidence:

peer agreement (net): +1

reverse repurchase assets

Katherine Zei
Canada
Local time: 05:14
Specializes in field
Native speaker of: English
PRO pts in category: 37

Grading comment

There you go Katherine, they are yours :-) I didn't put "assets" because that was at the head of the table:

8 mins confidence:

peer agreement (net): +1

reverse repurchase agreements

Explanation:
I think PCT attivi are reverse repurchase agreements (i.e. buy now, sell back later)--see the description below.

Voce "E. Pronti contro termine attivi e operazioni assimilate"

Sono le classiche operazioni di impiego della liquidità che vengono normalmente compiute anche dai singoli investitori: si acquista "a pronti" (cioè alla data corrente) un titolo obbligazionario da una controparte che si obbliga a riacquistarlo "a termine" (cioè ad una data futura) corrispondendo un interesse. Nella voce andranno riportati i crediti per un ammontare pari all'importo regolato "a pronti".

http://www.consob.it/main/trasversale/risparmiatori/investor...

HTH
Michael

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Note added at 2 hrs (2007-02-01 17:43:47 GMT)
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I don't think "attivi" refers to whether the item is an asset or a liability per se, rather it describes the type of transaction. See Consob's description of PCT passivi:

Voce "I. Pronti contro termine passivi e operazioni assimilate"

Mentre i pronti contro termine attivi sono operazioni di impiego della liquidità, quelli passivi (**che seguono lo schema opposto**) costituiscono forme di finanziamento e, quindi, di indebitamento, da mantenere entro il limite (complessivo) del 10% previsto per l'assunzione di prestiti.

http://www.consob.it/main/trasversale/risparmiatori/investor...

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Note added at 4 hrs (2007-02-01 19:27:55 GMT)
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Exactly--to put it another way, a normal RP is seen from the seller's point of view, and what the seller is basically doing is borrowing money secured by some assets (securities). In a reverse RP ("PCT attivi"), on the other hand, the transaction is seen from the buyer's point of view--the party providing cash up front.

Michael Pawlik
Local time: 12:14
Specializes in field
Native speaker of: English
PRO pts in category: 65

Notes to answerer

Asker: Paul impiego in banking is when the bank lends (supplies) money and finanziamento here is the raccolta or funding when the bank borrows money. I think, posting the question has helped me clarify my ideas.

Asker: Thanks Michael

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English translation: reverse repurchase agreements (assets)

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