May 28, 2007 02:11
17 yrs ago
Italian term

vendite di protezione

Italian to English Bus/Financial Business/Commerce (general)
Falling under the "garanzie rilasciate e impegni" heading of a bank's financial statements:

Impegni sottostanti ai derivati su crediti:
vendite di protezione

TIA

Proposed translations

3 hrs
Selected

protection sold

Hedge funds comprise at least 20-30% of credit derivatives activity, and may account for much of the protection sold on below investment grade credits, according to the survey.
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4 KudoZ points awarded for this answer. Comment: "Yep, came across the same term in another of the bank's documents and this fits perfectly."
1 hr

protection sales

I'm not so sure on this one, mainly because it should be a commitment to buy (a liability) rather than to sell. It will be hedging against lenders defaulting Credit default swaps, probably.
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8 hrs

Protective sales

Low as it is not my field. Has several google hits.
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