Moneda Extranjera Cable

English translation: Blue chip swap

02:22 Sep 5, 2020
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / General Finance
Spanish term or phrase: Moneda Extranjera Cable
Can someone shed light on this particular term? I have never heard of it. It appears in a document from Argentina.

La Resolución impide a los agentes bajo fiscalización de la CNV acumular liquidez en moneda extranjera en el exterior. A tal fin, impone a los agentes aplicar al menos el 90% del excedente de fondos diario que pueda originarse en caso de que el volumen de ventas de un valor negociable exceda el volumen de compras para cartera propia, a la adquisición de valores negociables ****en moneda extranjera cable**** concertadas en el mercado local y/o en mercados del exterior.


Help!!
Mariela Diaz-Butler
United States
Local time: 10:37
English translation:Blue chip swap
Explanation:
Another term in Spanish for this transaction is: contado con liquidación.

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Note added at 15 mins (2020-09-05 02:37:48 GMT)
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It's a transaction in which a person or company can trade argentine pesos for another currency abroad, by selling shares or debt securities such as bonds.
Selected response from:

Vanina Guarnieri
Argentina
Local time: 11:37
Grading comment
Thank you everyone for the very helpful discussion. Thanks to your suggestions.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3Blue chip swap
Vanina Guarnieri
2with foreign currency transferable offshore
José Ache Mazzei


Discussion entries: 7





  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
Blue chip swap


Explanation:
Another term in Spanish for this transaction is: contado con liquidación.

--------------------------------------------------
Note added at 15 mins (2020-09-05 02:37:48 GMT)
--------------------------------------------------

It's a transaction in which a person or company can trade argentine pesos for another currency abroad, by selling shares or debt securities such as bonds.


    Reference: http://www.investopedia.com/terms/b/bluechipswap.asp
    Reference: http://www.thebubble.com/your-guide-to-the-blue-dollar
Vanina Guarnieri
Argentina
Local time: 11:37
Native speaker of: Spanish
PRO pts in category: 4
Grading comment
Thank you everyone for the very helpful discussion. Thanks to your suggestions.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Maybe "in foreign currency at the blue-chip swap rate".
4 hrs

neutral  Francois Boye: the blue-chip swap is described in the text. What you have to translate is only 'moneda extranjera cable'
11 hrs

agree  Luis M. Sosa
18 hrs

agree  Nelly Alejandra Alister: http://us.exchangecurrency.biz/financial-terms/b/blue-chip-s...
20 hrs
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15 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
en moneda extranjera cable
with foreign currency transferable offshore


Explanation:
I think they are referring to those kind of securities, specially bonds, that trade both in US Dollars and Argentine Pesos and which you can purchase at any exchange with the possibility of transferring them to a foreign bank account or broker. These bonds usually feature a C (standing for "Cable") attached to the ticker.

José Ache Mazzei
Argentina
Local time: 11:37
Native speaker of: Native in SpanishSpanish
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