Glossary entry (derived from question below)
Spanish term or phrase:
el activo cubierto por los depósitos
English translation:
assets for guaranteeing deposits
Added to glossary by
darrenthomps
Jul 24, 2010 12:21
13 yrs ago
Spanish term
Native in: English
Works in: Spanish to English, Portuguese to English, Catalan to English
el activo cubierto por los depósitos
Spanish to English
Bus/Financial
Finance (general)
Hi,
I'm currently translating a piece on the financial crisis in Spain and am having some difficulty with the above section of the following paragraph:
"Por otro lado, si bien la parte del activo cubierto por los depósitos se redujo durante los últimos años del boom crediticio, en los bancos españoles esta proporción continuó siendo mayor que en otros países de la zona euro (ver gráfico 2.17), lo que, en el momento actual, supone un colchón adicional desde el que encarar las turbulencias en los mercados de financiación mayoristas."
I'm OK with the rest of the sentence, it is just that phrase that is causing problems for me. My attempt is:
"However, although the proportion of assets covered by deposits reduced during the final years of the credit boom ..."
Thanks in advance for the advice and help!
Darren
I'm currently translating a piece on the financial crisis in Spain and am having some difficulty with the above section of the following paragraph:
"Por otro lado, si bien la parte del activo cubierto por los depósitos se redujo durante los últimos años del boom crediticio, en los bancos españoles esta proporción continuó siendo mayor que en otros países de la zona euro (ver gráfico 2.17), lo que, en el momento actual, supone un colchón adicional desde el que encarar las turbulencias en los mercados de financiación mayoristas."
I'm OK with the rest of the sentence, it is just that phrase that is causing problems for me. My attempt is:
"However, although the proportion of assets covered by deposits reduced during the final years of the credit boom ..."
Thanks in advance for the advice and help!
Darren
Proposed translations
(English)
| 4 +1 | assets for guaranteeing deposits |
Pasquale Capo
|
| 4 +1 | the assets covered by the deposits |
argosys
|
Proposed translations
+1
3 hrs
Pasquale Capo
Canada
Canada
Native in English
Works in field
Canada
Professionalism, accuracy and expertise
Native in: Italian (Variants: Sicilian, Molisano, Abruzzese, Calabrian (Calabrese)) 
, English
Works in: English to Italian, Italian to English
Related KudoZ points
:
3
Selected
assets for guaranteeing deposits
I believe that the deposits in this case (bank) are the liabilities than needs to be covered by the bank assets, that is the way I see it anyway....
3 KudoZ points awarded for this answer.
+1
2 hrs
the assets covered by the deposits
I'd translate it this way:
On the other hand, although the proportion of assets covered by the deposits declined during the final years of the credit boom ..."
To my understanding, these are risk assets that need corresponding amount of cash (deposits) as buffer. The ratio of deposits to such risk assets is higher in Spain than in other countries in EU, which gives assurance of better protection.
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Note added at 3 days5 hrs (2010-07-27 17:40:25 GMT)
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Risk Assets: Definition from Answers.com
Risk Assets 1. Banking. Bank assets subject to change in value, due to changes in market conditions or changes in credit quality at various Repricing.
www.answers.com/topic/risk-assets - Cached - Similar
risk asset definition
risk asset - definition of risk asset from BusinessDictionary.com: Bank asset affected by changes in credit quality, interest rates, repricing opportunities ...
www.businessdictionary.com/definition/risk-asset.html - Cached - Similar
On the other hand, although the proportion of assets covered by the deposits declined during the final years of the credit boom ..."
To my understanding, these are risk assets that need corresponding amount of cash (deposits) as buffer. The ratio of deposits to such risk assets is higher in Spain than in other countries in EU, which gives assurance of better protection.
--------------------------------------------------
Note added at 3 days5 hrs (2010-07-27 17:40:25 GMT)
--------------------------------------------------
Risk Assets: Definition from Answers.com
Risk Assets 1. Banking. Bank assets subject to change in value, due to changes in market conditions or changes in credit quality at various Repricing.
www.answers.com/topic/risk-assets - Cached - Similar
risk asset definition
risk asset - definition of risk asset from BusinessDictionary.com: Bank asset affected by changes in credit quality, interest rates, repricing opportunities ...
www.businessdictionary.com/definition/risk-asset.html - Cached - Similar
Peer comment(s):
| agree |
SteveW
: maybe with the "the" before deposits
51 mins
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Thanks, Steve. Hope you are enjoying your weekend.
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