09:32 Oct 11, 2018 |
English to Polish translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Leszek Pietrucha Poland Local time: 21:21 | ||||||
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krótkoterminowe papiery dłużne o zmiennej stopie procentowej Explanation: krótkoterminowe papiery dłużne o zmiennej stopie procentowej. Mogą to być też po prostu weksle o zmiennym oprocentowaniu, bo na ta |
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bony komercyjne o zmiennym oprocentowaniu lub skrypty dłużne o zmiennym oprocentowaniu Explanation: Nie dopisałem powyżej, że krótkoterminowe papiery dłużne mogą mieć różną podstawę prawną więc i weksel i bon komercyjny, więc jeżeli nie ma pewności to najlepiej jak najszerszy termin |
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obligacje o zmiennym oprocentowaniu z opcją sprzedaży na żądanie właściciela Explanation: Variable-Rate Demand Note A debt security that a holder may require the issuer to redeem before maturity. When this occurs, the issuer must pay par to the holder, and the holder loses any future coupon payments that he/she might otherwise have been due. An advantage to a variable-rate demand note from the holder's standpoint is the fact that the holder may reinvest the par value in a new bond in a time of rising interest rates. This protects the holder from certain types of interest rate risk. Variable-rate demand note Variable-rate demand notes come in two main forms. The first allows the holder to demand redemption on any of several days throughout the life of the bond, while the second only allows this on one particular day. Variable rate demand notes are also known as variable rate demand obligations, option tender bonds, or put bonds. In Canada, the most common term is a retractable bond. https://financial-dictionary.thefreedictionary.com/Variable-... Variable Rate Demand Note - VRDN DEFINITION of 'Variable Rate Demand Note - VRDN' Variable rate demand note (VRDN) is a debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a prevailing money market rate, such as the prime rate. The interest rate applicable to the borrowed funds is specified from the outset of the debt, and is typically equal to the specified money market rate plus an extra margin. A VRDN is also referred to as a variable rate demand obligation (VRDO). REAKING DOWN 'Variable Rate Demand Note - VRDN' A variable rate demand note (VRDN) is a long-term municipal bond which is offered to investors through money market funds. The notes allow a municipal government to borrow money for long periods of time while paying short-term interest rates to investors. As VRDNs are issued in minimum $100,000 denominations, smaller investors can only invest in VRDOs indirectly through money market funds. Because money market interest rates, such as the bank prime rate, are variable over time, the interest rate applicable to a variable rate demand note is variable as well. Every time the prevailing money market rate changes, a variable rate demand note's interest rate is adjusted accordingly. Typically, the interest rate on VRDN is adjusted daily, weekly or monthly to reflect the current interest rate environment. As the name implies, variable rate demand notes are payable on demand as they have an embedded put option. This means that the investor or lender of the funds can request repayment of the entire debt amount at his or her discretion, and the funds must be repaid once the demand has been made. Depending on the demand feature affixed to these debt instruments, the investor may be required to provide a one-day or seven-day notification to tender the securities to a financial intermediary, such as a trustee or remarketing agent. Because of the demand feature, the maturity date of a VRDN is considered to be the next put date rather than its final maturity date. Read more: Variable Rate Demand Note (VRDN) https://www.investopedia.com/terms/v/variable_rate_demand_no... Obligacje o zmiennym oprocentowaniu – oprocentowanie takiej obligacji oparte jest z reguły o tzw. stopę bazową i powiększone o marżę. Stopą bazową może być na przykład stopa inflacji lub stopy procentowe określane przez bank centralny. Obligacje z opcją sprzedaży na żądanie właściciela – dają obligariuszowi prawo zażądania od emitenta wykupu obligacji przed ustalonym terminem, https://www.findict.pl/slownik/obligacja |
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