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  3. Finance (general)

aplicación de un contrato de cobertura de riesgo de cambio

English translation: foreign exchange forward cover contract/foreign exchange forward contract

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase: contrato de cobertura de riesgo de cambio
English translation:foreign exchange forward cover contract/foreign exchange forward contract
Entered by: Sherry Godfrey

09:13 Aug 8, 2007
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: aplicación de un contrato de cobertura de riesgo de cambio
A type of financial contract:

...el dinero que le entrega ese mismo dia por aplicacion de un contrato de cobertura de riesgo de cambio.

thanks in advance!
Sherry Godfrey
Local time: 04:25
foreign exchange forward cover contract
Explanation:
See page 829, AVH Financial, "cobertura".
Selected response from:

MikeGarcia
Spain
Local time: 04:25
Grading comment
Thanks so much , once again, Miguel and everyone!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3foreign exchange forward cover contract
MikeGarcia
5 +1contract to hedge a foreign exchange risk / contract to hedge foreign exchange risks
Richard Cadena
4Forward Rate Agreement (FRA)
Marcel Ventosa
4foreign exchange rate hedging agreement
canaria


Discussion entries: 2





  

Answers


16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
por aplicacion de un contrato de cobertura de riesgo de cambio
foreign exchange forward cover contract


Explanation:
See page 829, AVH Financial, "cobertura".

MikeGarcia
Spain
Local time: 04:25
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 450
Grading comment
Thanks so much , once again, Miguel and everyone!

Peer comments on this answer (and responses from the answerer)
agree  John Rawlins
2 mins
  -> Thanks, John.-
agree  Bubo Coroman (X): BRILLIANT!!!
1 hr
  -> You flatterer, you....
agree  dcspanish: Yes, but remove the word "cover" as it's implicit in the term "foreign exchange forward contract."
4 hrs
  -> I - personally - agree, that's the term I used when I was in the markets, but the AVH specifically uses "cover", and I preferred to leave it as that, since most askers require a conventionally founded answer. What shall I say...
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
contrato de cobertura de riesgo de cambio
Forward Rate Agreement (FRA)


Explanation:
Currency hedging...

Forward Rate Agreement
A contract agreement specifying an interest rate amount to be settled, at a pre-determined interest rate on the date of the contract. This is also known as FRAs.
http://en.wikipedia.org/wiki/Forward_Rate_Agreement

Marcel Ventosa
Thailand
Local time: 09:25
Works in field
Native speaker of: Native in SpanishSpanish, Native in EnglishEnglish
PRO pts in category: 4
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
foreign exchange rate hedging agreement


Explanation:
see www.austlii.edu.au/au/other/NSWOSR/SD/254.rtf

canaria
United Kingdom
Local time: 03:25
Works in field
Native speaker of: English
PRO pts in category: 54
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7 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
contract to hedge a foreign exchange risk / contract to hedge foreign exchange risks


Explanation:
The use of the term "hedge" as a verb is quite common in US accounting literature. Below are three sentences that use "to hedge" as a verb, transcribed from "Accounting Trends & Techniques" / 2006 edition published by the AICPA:

Examples:
The company also enters into forward exchange contracts and cross currency swaps "to hedge" intercompany activity. (Accounting Trends & Techniques - AICPA / 2006 edition, P. 102)

Gains and losses on short-term forward foreign exchange contractsused "to hedge" the fair value of certain firm sales commitments with third parties are recognized in earnings as are the losses and gains on the related firm commitment. (Accounting Trends & Techniques - AICPA / 2006 edition, P. 100)

Forward foreign exchange contracts and derivatives thereof are used "to hedge" the cash flows of certain forecasted sales and intercompany firm sales commitments. (Accounting Trends & Techniques - AICPA / 2006 edition, P. 100)

Hope this helps.
18 1/2 years of translating for Mexico City based international accounting firms and financial entities in general.


    Reference: http://aicpa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 20:25
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 379

Peer comments on this answer (and responses from the answerer)
agree  Melanie Jane
3234 days
  -> Thank you, Melany.
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