Nov 20, 2014 11:50
9 yrs ago
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Spanish term

Esquema de pignoración de saldos

Spanish to English Bus/Financial Finance (general) Fund Prospectus
Context:

- Commingling
Los cobros de los Derechos de Crédito se reciben en un conjunto de cuentas corrientes a nombre del Cedente y gestionadas por el Administrador. No existe ningún esquema de pignoración de los saldos de dichas cuentas a favor del Fondo.

Thank you!

Proposed translations

+1
1 hr
Selected

pledge/pledging scheme for balances

pignoración f
BANCA pledge, pledging,
ECON hypothecation

pignoración negativa f
BANCA negative pledge


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Note added at 1 hr (2014-11-20 13:11:21 GMT)
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I think "receivables" is a bit vague there. Saldos = balances...
saldo m
COM GEN payment (PYT), balances balance (bal.),
CONT de cuenta balance (bal.),


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Note added at 1 hr (2014-11-20 13:14:51 GMT)
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"No pledging scheme is in force regarding the balances of said accounts..."

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Note added at 1 hr (2014-11-20 13:15:39 GMT)
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Funnily enough, if you google "pledging scheme" all that comes up is links about rice scams...
Peer comment(s):

agree Billh
1 hr
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Thank you for your help! I think "scheme" is not the best option here. I considert that "structure" is a more appropriate translation in this context."
1 hr

scheme for pledging receivables

See ProZ glossary for Financial terms:
pignoración = pledge
To be sure I need more context. What type of document are you translating? What country? I think the basic idea is that a scheme is to pledge or to pass on the income expected from receivables to guarantee immediate revenue
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