Nov 21, 2022 12:44
1 yr ago
26 viewers *
Spanish term

De rendimiento explícito

Spanish to English Bus/Financial Investment / Securities Bond market
It is a category in a section entitled:

Tipología de activos de renta fija

Proposed translations

+3
2 hrs
Selected

explicit-yield

I don't know exactly what this means, but the translation is clearly a good one, and shows that it's the opposite of implicit yield.

Stripping transforms an explicit-yield security (Strippable Bono or Obligación) into a string of implicit-yield instruments (zero-coupon bonds), with maturity and redemption value equal to the coupons and principal of the original asset.
http://www.tesoro.es/en/deuda-publica/otras-formas-de-invers...


--------------------------------------------------
Note added at 2 hrs (2022-11-21 14:56:05 GMT)
--------------------------------------------------

No hyphen in your context, since it's not followed by a noun.
Peer comment(s):

agree neilmac : [Explicit yield] Rendimiento que generan aquellos activos financieros que pagan periódicamente un interés o cupón.
3 hrs
Yes, that makes sense. Thanks.
agree Luis M. Sosa : Strongly agree, and else it's just the cupon rate.
8 hrs
agree Andrew Bramhall
1 day 4 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you!"
10 hrs

issue yield

In the definition below, it is said that the 'rendimiento explícito' is the one 'cuando se hace una emisión'


RENDIMIENTO EXPLÍCITO: Es la calificación que recibe la rentabilidad que ofrecen los bonos, las cédulas o las obligaciones. Cuando se hace una emisión y se fija un tipo de interés anual, ya sea fijo o variable.
Something went wrong...
1 day 51 mins
Spanish term (edited): rendimiento explícito

proprietary investment return

The investment is retained cf. banks' and financial companies' proprietary trading (unclear from the question whose investment this is: ('Your Company is principally engaged into Market making of SME Listed Scrips and Proprietary Investments in shares, securities and funds'), as opposed to rendimiento implícito after parting with the asset or investment and on disposal.

In descending order of CL - confidence level, but not necessarily of accuracy.
Example sentence:

El rendimiento explícito es aquel que produce un activo financiero, pero en el que *se mantiene la propiedad* del bien.

El rendimiento implícito es aquel que recibes tras la venta del producto financiero. En el momento en el que lo recibes, dejas de poseer la propiedad del bien.

Something went wrong...

Reference comments

4 hrs
Reference:

see

https://cincodias.elpais.com/cincodias/2018/03/02/abante_ase...

El rendimiento explícito es aquel que produce un activo financiero, pero en el que se mantiene la propiedad del bien. Por ejemplo, los dividendos. Los dividendos son el rendimiento que se obtiene por nuestra inversión en las acciones de una compañía. Cuando lo recibimos, continuamos manteniendo la propiedad de las mismas. Desde el punto de vista impositivo, el rendimiento es lo recibido como dividendo menos los gastos de mantenimiento; teniendo en cuenta que los gastos de depósito y de la cuenta corriente no son deducibles.
Peer comments on this reference comment:

agree neilmac
1 hr
Something went wrong...
42 mins
Reference:

Refs.

Without a lot of context. I wonder if it is "Explicit performance" (Fixed Income Asset Typology)?


Incentive structures in institutional asset management and ..https://www.bis.org/publ/cgfs21.pdf
Even in the absence of ***explicit performance** features, the prevalence of AUM-based fees and reliance
on relative performance measures suggest incentives for individual asset managers to systematically
react to recent portfolio performance.

Global Portfolio Optimization - JSTOR
https://www.jstor.org/stable/4479577
by F Black · 1992 · Cited by 2388 — Many portfolio managers are given an ***explicit performance** benchmark, such as a market- capitalization-weighted index. If an explicit

--------------------------------------------------
Note added at 4 hrs (2022-11-21 17:11:53 GMT)
--------------------------------------------------

So, according to the link that Liz sent, and roughly translating her reference, it would appears that it is neither "performance" or "yield" but rather "return".

Explicit return is the return produced by a financial asset, but in which the ownership of the asset is retained. For example, dividends. Dividends are the return on our investment in a company's shares.
Peer comments on this reference comment:

neutral philgoddard : I think you're parsing your examples wrongly. They basically mean "explicit features" and "explicit benchmarks".
1 hr
You think? Well I don't. I parsed nothing taking the language from the links where it refers to "explicit performance" whether features or benchmarkrs, with part of the question being "rendimiento" (performance). Asker to provide additional context.
Something went wrong...
10 hrs
Reference:

Explicit yield

Rendimiento explícito

[Explicit yield] Rendimiento que generan aquellos activos financieros que pagan periódicamente un interés o cupón.

https://www.edufinet.com/glosario-edufiemp?start=700


--------------------------------------------------
Note added at 10 hrs (2022-11-21 23:18:26 GMT)
--------------------------------------------------

¿Qué es el Rendimiento Explícito?

Se entiende como rendimiento explícito a aquellos rendimientos que se producen mediante el sistema de intereses expresamente pactado, sean en metálico o en especie, cobrándose el interés o rendimiento de manera separada o diferenciada del reembolso del capital. Son activos con rendimiento explícito los bonos, obligaciones, imposiciones a plazo, etc.

https://www.estrategiasdeinversion.com/herramientas/dicciona...

--------------------------------------------------
Note added at 10 hrs (2022-11-21 23:19:40 GMT)
--------------------------------------------------

What Is a Coupon Rate?

A coupon rate is the nominal yield paid by a fixed-income security. It is the annual coupon payments paid by the issuer relative to the bond's face or par value.

https://www.investopedia.com/terms/c/coupon-rate.asp
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search