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periodos (de interés) inmediatos superior e inferior

English translation: immediately longer and immediately shorter interest rate periods

09:54 Jan 26, 2020
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / interest calculation
Spanish term or phrase: periodos (de interés) inmediatos superior e inferior
From a section of a loan contract on how interest is calculated...

Caso de que no existiera cotización para el periodo de interés elegido, se calculará para un periodo de interés intermedio entre los ***periodos inmediatos superior e inferior***, y en su defecto, para el periodo de Interés «ras próximo al periodo de interés elegido que corresponda.

I cant think how to say this neatly
William Pairman
Spain
Local time: 19:20
English translation:immediately longer and immediately shorter interest rate periods
Explanation:
If there is no rate for the period chosen, an average will be calculated using the rates for the immediately longer and immediately shorter interest rate periods.

LIBOR rates are calculated for seven borrowing periods ranging from overnight to one year (30, 60, 90 days etc.) If you need a rate for 40 days, say, you average the 30 and 60 day rates, for example
Selected response from:

patinba
Argentina
Local time: 14:20
Grading comment
That's great, thanks!

Thanks too to Francois and Adrian
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1immediately longer and immediately shorter interest rate periods
patinba
4between the current periods of greater or lower interest rates
Francois Boye
3longer and shorter rests
Adrian MM.


Discussion entries: 2





  

Answers


4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
between the current periods of greater or lower interest rates


Explanation:
My take

Francois Boye
United States
Local time: 13:20
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 335

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: I don't see how they can be "current". They have to be before or after the current period.
1 hr
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7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
immediately longer and immediately shorter interest rate periods


Explanation:
If there is no rate for the period chosen, an average will be calculated using the rates for the immediately longer and immediately shorter interest rate periods.

LIBOR rates are calculated for seven borrowing periods ranging from overnight to one year (30, 60, 90 days etc.) If you need a rate for 40 days, say, you average the 30 and 60 day rates, for example

patinba
Argentina
Local time: 14:20
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1430
Grading comment
That's great, thanks!

Thanks too to Francois and Adrian

Peer comments on this answer (and responses from the answerer)
agree  Vuka Mijuskovic: ... or 'the nearest' shorter and longer period (like "between the two nearest values" in maths)
3 hrs
  -> Sounds good! Thank you!
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23 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
longer and shorter rests


Explanation:
Having been initially thrown by the higher and lower interes-rate answer, I'm unsure the word of immediate needs (to) be incorporated, nor even the word of periods need (to) go in.

Anyway, it is a rest and not interest reset period.

The old-chestnut argument of few g/hits, alas, is as usual not in line with commercial, banking or legal drafting practice.


Example sentence(s):
  • Unfortunately, ‘rest’ does not refer to relaxation. It is simply defined as the time frame at which the principal amount is reduced as you repay the loan.
  • Once a while, you may hear that this home loan product is on monthly rest and another is on daily rest. You hear people saying that daily rest loans are cheaper while someone else says they prefer to have a monthly rest housing loan.

    Reference: http://en.wikipedia.org/wiki/Rest_(finance)
    Reference: http://www.mortgagesupermart.com.sg/resources/interest-daily...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143
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