Glossary entry

Spanish term or phrase:

venta de especies

English translation:

sell-off of securities

Added to glossary by William Pairman
Oct 15, 2018 22:07
5 yrs ago
5 viewers *
Spanish term

venta de especies

Spanish to English Bus/Financial Finance (general)
From a financial report on a LatAm country...

En el mercado bursátil, el efecto neto es difícil de trazar, pues se ha presentado una venta de especies relevantes en el índice por cuenta de un rebalanceo de inversionistas internacionales fuera del contexto propio del evento de crisis y a la vez se ha presentado una importante valorización en activos relacionados al crudo por su buen momento en precio.

The only thing I can think of is something like "a significant run on stocks"...

Discussion

Charles Davis Oct 17, 2018:
In other words, "valorización en activos relacionados al crudo" refers to a rise in the price of oil-related securities or financial assets (i.e., basically shares in oil companies), not directly to commodity prices.
Charles Davis Oct 17, 2018:
@François The fact that "el crudo" is mentioned in the same sentence does not mean that oil is an "especie". The sentence refers to two separate things that have been happening in the market at the same time ("a la vez"): (1) selling of securities, and (2) a rise in the value of oil-related assets (not "el crudo" itself but "activos relacionados al crudo", though of course the rise in the value of these assets is related to the oil price).
Maximo Wilhelm Muñoz Oct 16, 2018:
Observa lo que dice la DRAE. Observa lo que dice la DRAE. No pude conectarme antes. ¡Saludos!
http://dle.rae.es/?id=GWfgJDk
David Hollywood Oct 16, 2018:
I think it has to do with selling foreign currency but not sure...
Maximo Wilhelm Muñoz Oct 15, 2018:
No respondo para no andar perdiendo el tiempo... En mi diccionario en finanzas, economía y contabilidad de Oxford, para ´especie´ me aparece: adj. (pagos, ganancias), in kind, specie.
Saludos :D
Maximo.

Proposed translations

+2
7 hrs
Selected

sale / selling / sell-off of securities

"Especie", in practice, means "título": a security. It refers specifically to a classification of securities traded on the market, so it might be a particular stock or any other kind of security. In practice, I think you can just translate it as "securities".

"Relevantes" qualifies "especies", not "venta", so it's not significant selling but selling of important (classes of) securities.

"Especie: Clasificación hecha para diferenciar cada uno de los título susceptibles de negociación en bolsa, de acuerdo a sus características financieras."
https://en.calameo.com/read/0034713685deb50b3b220 (p. 30)


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Note added at 11 hrs (2018-10-16 09:26:49 GMT)
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It should be "los títulos susceptibles de negociación" in the quotation. My mistake, I had to copy it by hand.

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Note added at 12 hrs (2018-10-16 10:26:24 GMT)
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I thought a definition from a (Colombian) financial glossary would be sufficient, but apparently not. Here's another, from Argentina. You'll notice that all the examples of "especies" are securities: no commodities or physicals in sight:

"Ceva (Securities Certificates)
Los ceva son certificados de valores que representan una cartera fija de especies (por ejemplo, acciones, títulos públicos y otros o estos instrumentos combinados) con cotización en la Bolsa, seleccionadas de acuerdo con un índice o categorización."
http://www.mdpbursatil.com.ar/diccionario.html
Peer comment(s):

agree neilmac
3 hrs
Many thanks, Neil :-)
disagree Francois Boye : The text is not talking about securities paid by cash strapped or poor people. Instead, it is talking about commodities or physicals.
4 hrs
Why are you referring to cash strapped or poor people? It's talking about securities in the sense of negotiable financial assets traded on the securities market: a standard term. It's definitely NOT talking about commodities. See definition quoted.
agree philgoddard : Yes, relevantes means they account for a significant proportion of the index.
6 hrs
Thanks, Phil. I think you're right; it's "relevantes en el índice": if not a significant proportion, then significant components of the index in some other sense.
agree Robert Carter : ESPECIE > SECURITY. Todo contrato o documento que representa un valor. http://indsab.com.pe/glosario-de-terminos-bursatiles-e/
21 hrs
Many thanks, Robert :-) Very nice reference: couldn't be clearer!
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4 KudoZ points awarded for this answer. Comment: "Thanks Charles and everybody, I think this works well"
-1
11 hrs

physicals, commodities

Physical definition

FINANCE, STOCK MARKET used to describe commodities (= substances or products that can be traded) that can be bought and delivered immediately:
physical commodities such as wheat, cotton, rice, and corn

Source: the Cambridge Dictionary

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Note added at 11 hrs (2018-10-16 09:57:22 GMT)
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Erratum: SELLING of physicals/commodities instead of physicals, commodities
Peer comment(s):

neutral Charles Davis : Where did you find this? Are you guessing from "en especie"? You must justify this meaning of "especies" as a financial term, which is not in the Cambridge dictionary. // It's a separate point: (1) venta de especies and (2) activos relacionados al crudo.
5 mins
why is 'el crudo' up?//do you know that the price of oil is up, lifting all ETFs linked with oil?
neutral philgoddard : I don't think you should disagree with others' answers when your own doesn't contain any Spanish references.
2 hrs
El crudo is not a security. instead, it is a commodity whose price is rising to the chagrin to the US government.
disagree Robert Carter : You're selling this as if you are certain of it, but it seems little more than a guess, I'm afraid.
17 hrs
Yes! oil defines ETFs but it is a not an ETF!
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