Glossary entry (derived from question below)
Spanish term or phrase:
associaciones puntuales
English translation:
special purpose vehicles
Added to glossary by
Felicite Robertson
Sep 15, 2005 09:56
18 yrs ago
1 viewer *
Spanish term
associaciones puntuales
Spanish to English
Other
Petroleum Eng/Sci
Seguimiento a los resultados en formación de Asociaciones puntuales
Punctual associations in not great
Punctual associations in not great
Proposed translations
(English)
4 | special purpose vehicles | Marian Greenfield |
5 | specific associations | Sergio Gaymer |
4 | one-off associations | Alayna Keller |
4 | ad hoc associations, standing committees | Tatty |
Proposed translations
38 mins
Selected
special purpose vehicles
from http://www.investopedia.com/terms/s/spv.asp
Special Purpose Vehicle/Entity - SPV/SPE
1. Also referred to as a "bankruptcy-remote entity" whose operations are limited to the acquisition and financing of specific assets. The SPV is usually a subsidiary company with an asset/liability structure and legal status that makes its obligations secure even if the parent company goes bankrupt.
2. A subsidiary corporation designed to serve as a counterparty for swaps and other credit sensitive derivative instruments. Also called a "derivatives product company."
Thanks to Enron, SPVs/SPEs are household words. These entities aren't all bad though. They were originally (and still are) used to isolate financial risk.
A corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating.
Special Purpose Vehicle/Entity - SPV/SPE
1. Also referred to as a "bankruptcy-remote entity" whose operations are limited to the acquisition and financing of specific assets. The SPV is usually a subsidiary company with an asset/liability structure and legal status that makes its obligations secure even if the parent company goes bankrupt.
2. A subsidiary corporation designed to serve as a counterparty for swaps and other credit sensitive derivative instruments. Also called a "derivatives product company."
Thanks to Enron, SPVs/SPEs are household words. These entities aren't all bad though. They were originally (and still are) used to isolate financial risk.
A corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating.
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18 mins
specific associations
hope it helps
32 mins
one-off associations
Meaning associations that play a specific, time-limited function and are disbanded once that function has been completed.
1 hr
ad hoc associations, standing committees
Hi,
Standing committee seems to be a buzz word at the moment, but I haven't worked out what it exactly means but I imagine it to mean something along these lines.
Standing committee seems to be a buzz word at the moment, but I haven't worked out what it exactly means but I imagine it to mean something along these lines.
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