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  3. Business/Commerce (general)

contrapartida/contraparte

English translation: (principal) party/counterparty

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:contrapartida/contraparte
English translation:(principal) party/counterparty
Entered by: Karen Rosenberg

16:19 Nov 21, 2019
Spanish to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Spanish term or phrase: contrapartida/contraparte
servicios de cambio de divisas en relación con las órdenes de clientes relativas a las IIC, donde xxxx actúa como principal/contrapartida siendo el cliente su contraparte.

I find 'counterparty' for contrapartida and 'counterparty' for contraparte......
Are there two different terms??
many thanks for any help
Karen Rosenberg
Spain
Local time: 10:38
(principal) party/counterparty
Explanation:
Accordingly to your text I would call the principal/contrapartida as principal/main/party and the client/contraparte as counterparty.
Selected response from:

Juan Arturo Blackmore Zerón
Mexico
Local time: 03:38
Grading comment
many thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2counterparty
Andrea Capuselli
3 +1(principal) party/counterparty
Juan Arturo Blackmore Zerón
1counterparty / counterpart
andres-larsen


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
counterparty


Explanation:
Counterpart is a thing complementary to another, a general term; while counterparty refers to the second party in a legal or financial transaction. In this case, both terms in Spanish would translate into the English counterparty!


    Reference: http://mpclawstudio.com/counterpart-vs-counterparties/
Andrea Capuselli
Local time: 05:38
Native speaker of: Native in SpanishSpanish

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: I agree that they both seem to mean counterparty, but then what does the whole sentence mean? It doesn't make sense to me.
57 mins
  -> Thank you, Phil! I would agree with Juan Arturo for this particular phrase, that the original text was referring to "main party" and "counterparty" (seller and buyer, for currency exchange).
agree  Robert Carter: Exactly, in English, each party on the opposite end of a transaction is a counterparty.
9 hrs
agree  Abril Luhan
21 hrs
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1 hr   confidence: Answerer confidence 1/5Answerer confidence 1/5
counterparty / counterpart


Explanation:
Currency exchange services referred to customer orders regarding Collective Investment Institutions, where xxxx acts as principal / counterparty, with the customer being its counterpart

andres-larsen
Venezuela
Local time: 04:38
Native speaker of: Native in EnglishEnglish
PRO pts in category: 9
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6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(principal) party/counterparty


Explanation:
Accordingly to your text I would call the principal/contrapartida as principal/main/party and the client/contraparte as counterparty.

Juan Arturo Blackmore Zerón
Mexico
Local time: 03:38
Specializes in field
Native speaker of: Spanish
PRO pts in category: 8
Grading comment
many thanks

Peer comments on this answer (and responses from the answerer)
agree  Andrea Capuselli: You're right! I think "main party" is most appropriate for "principal/contrapartida", principal wouldn't sound natural in this context.
20 hrs
  -> Gracias Andrea!
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