Jun 24, 2014 14:04
10 yrs ago
3 viewers *
Spanish term
promesa de permuta mixta futura
Spanish to English
Law/Patents
Law: Contract(s)
Protocolo de contrato marco
I have this description in correspondence about the breach of a non-financial contract "Protocolo de contrato marco de promesa obligacional y de promesa de permuta mixta futura" and can't find a reasonable translation of the concept "promesa permuta mixta future".
No other clues I'm afraid.
No other clues I'm afraid.
Proposed translations
(English)
4 +1 | promise of future mixed barter agreement |
veronicaes
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4 | promise of future mixed swap |
Jason Schrier
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3 | future mixed-swap option |
Adrian MM. (X)
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Proposed translations
5 hrs
future mixed-swap option
Refer to Helena C's ref. material.
Promesa > literally a promise, but also an undertaking or covenant. In this context, speculatively a unilaterally binding option.
Promesa > literally a promise, but also an undertaking or covenant. In this context, speculatively a unilaterally binding option.
8 hrs
promise of future mixed swap
I think "promise" is self explanatory. "Future" would seem to be as well.
I think what your looking for is "mixed swap," a subset of security-based swap s that are based on the value of 1 or more interest or other rates, currencies, commodities, instruments of indebtedness, indices, quantitative measures, other financial or economic interest or property of any kind.
You can see this description on page 10 (of the PDF) of the first web reference, footnote 10.
It follows that they would be a promise to perform a mixed swap in the future.
And just to note:
This is not an option. Options are just that, an option to buy or sell something. It is not an agreement, which is binding.
I think what your looking for is "mixed swap," a subset of security-based swap s that are based on the value of 1 or more interest or other rates, currencies, commodities, instruments of indebtedness, indices, quantitative measures, other financial or economic interest or property of any kind.
You can see this description on page 10 (of the PDF) of the first web reference, footnote 10.
It follows that they would be a promise to perform a mixed swap in the future.
And just to note:
This is not an option. Options are just that, an option to buy or sell something. It is not an agreement, which is binding.
Reference:
http://www.sec.gov/rules/final/2012/33-9338.pdf
http://www.cftc.gov/ucm/groups/public/@newsroom/documents/file/pd_qa.pdf
+1
2 hrs
promise of future mixed barter agreement
promesa obligacional=binding promise (agreement)
promesa de permuta=promise of barter agreement
mixta=mixed (goods and services)
http://definitions.uslegal.com/b/barter/
https://www.uclm.es/profesorado/mcgonzalez/pdf/ConstruccionV...
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Note added at 4 hrs (2014-06-24 18:20:49 GMT)
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Explanation of why I use PROMISE:
Definition of legal term PROMISE: The manifestation of an intention to act or refrain from acting in a specified manner, conveyed in sucha a way that another is justified in understanding that a commitment has been made. BINDING PROMISE: a binding promise -one that the law will enforce- is the essence of a contract (Black´s)
Examples of usage in contract law:
http://books.google.com.ar/books?id=L0csAwAAQBAJ&pg=PA7&lpg=...
https://mises.org/document/1951/A-Libertarian-Theory-of-Cont...
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Note added at 22 hrs (2014-06-25 12:45:11 GMT)
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Explanation of BARTER/BARTERING:
Barter is the trading of goods or services directly for other goods or services, without using money or any other similar unit of account or medium of exchange. (http://definitions.uslegal.com/b/barter/)
While most people barter without an agreement, this can backfire down the line. On the one hand, like every contract, having the exchange on paper, signed by the parties involved, means everyone has to keep up their end of the bargain. (https://www.rocketlawyer.com/document/barter-agreement.rl)
PERMUTA: Permuta
Contrato, llamado también de permutación o
de trueque, que tiene lugar cuando uno de los
contratantes se obliga a transferir a otro la propiedad
de una cosa, a cambio de que éste le dé
la propiedad de otra. Claro es que la cosa dada
en trueque o permuta nunca puede ser dinero,
porque entonces se estaría frente a un contrato
de compraventa. (...) (Diccionario jurídico Ossorio)
promesa de permuta=promise of barter agreement
mixta=mixed (goods and services)
http://definitions.uslegal.com/b/barter/
https://www.uclm.es/profesorado/mcgonzalez/pdf/ConstruccionV...
--------------------------------------------------
Note added at 4 hrs (2014-06-24 18:20:49 GMT)
--------------------------------------------------
Explanation of why I use PROMISE:
Definition of legal term PROMISE: The manifestation of an intention to act or refrain from acting in a specified manner, conveyed in sucha a way that another is justified in understanding that a commitment has been made. BINDING PROMISE: a binding promise -one that the law will enforce- is the essence of a contract (Black´s)
Examples of usage in contract law:
http://books.google.com.ar/books?id=L0csAwAAQBAJ&pg=PA7&lpg=...
https://mises.org/document/1951/A-Libertarian-Theory-of-Cont...
--------------------------------------------------
Note added at 22 hrs (2014-06-25 12:45:11 GMT)
--------------------------------------------------
Explanation of BARTER/BARTERING:
Barter is the trading of goods or services directly for other goods or services, without using money or any other similar unit of account or medium of exchange. (http://definitions.uslegal.com/b/barter/)
While most people barter without an agreement, this can backfire down the line. On the one hand, like every contract, having the exchange on paper, signed by the parties involved, means everyone has to keep up their end of the bargain. (https://www.rocketlawyer.com/document/barter-agreement.rl)
PERMUTA: Permuta
Contrato, llamado también de permutación o
de trueque, que tiene lugar cuando uno de los
contratantes se obliga a transferir a otro la propiedad
de una cosa, a cambio de que éste le dé
la propiedad de otra. Claro es que la cosa dada
en trueque o permuta nunca puede ser dinero,
porque entonces se estaría frente a un contrato
de compraventa. (...) (Diccionario jurídico Ossorio)
Peer comment(s):
neutral |
AllegroTrans
: English contractual language does not use "promise" in this way
1 hr
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I´ve added further information to support the selection of the term PROMISE.
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agree |
Mariano Saab
: Si la promesa opera a futuro, ¿no sería conveniente decir "Promise of mixed barter agreement"?
23 hrs
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Suena razonable! Miraría en el resto del original para ver por qué especificaron "futura" en español.
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Reference comments
33 mins
Reference:
I don't know whether or not this will help
Definition of ‘Mixed Swap’
The CEA and Exchange Act define “mixed swap” as an agreement, contract or transaction that is a security-based swap and that is also based on either: (1) an underlying reference other than a single security or narrow-based security index (e.g., an interest rate or other monetary rate, currency, commodity, etc.) or (2) the occurrence of an event associated with a potential financial, economic or commercial consequence (other than an event relating to a single issuer of a security or the issuers of securities in a narrow-based security index). In the preamble to the Final Rules, the Commissions state that the product category of “mixed swaps” is intended to be narrow in scope and would include, for example, a Title VII instrument in which the underlying references are the value of corporate stock and the price of a commodity. Mixed swaps will be subject to regulation by both the CFTC and SEC, although the joint regulatory framework for bilateral uncleared mixed swaps will be different from the framework for all other mixed swaps.
http://www.skadden.com/insights/cftc-and-sec-adopt-rules-def...
The CEA and Exchange Act define “mixed swap” as an agreement, contract or transaction that is a security-based swap and that is also based on either: (1) an underlying reference other than a single security or narrow-based security index (e.g., an interest rate or other monetary rate, currency, commodity, etc.) or (2) the occurrence of an event associated with a potential financial, economic or commercial consequence (other than an event relating to a single issuer of a security or the issuers of securities in a narrow-based security index). In the preamble to the Final Rules, the Commissions state that the product category of “mixed swaps” is intended to be narrow in scope and would include, for example, a Title VII instrument in which the underlying references are the value of corporate stock and the price of a commodity. Mixed swaps will be subject to regulation by both the CFTC and SEC, although the joint regulatory framework for bilateral uncleared mixed swaps will be different from the framework for all other mixed swaps.
http://www.skadden.com/insights/cftc-and-sec-adopt-rules-def...
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