Glossary entry (derived from question below)
English term or phrase:
loco-London
Spanish translation:
cuenta local en Londres
English term
loco-London
Habla de la transferencia de metaleles como el oro y la plata a una cuenta en Londres.Existe una traducción de "loco London"?
Quizás esta información sirva:
Loco London is a concept that is perhaps the most important aspect of the London bullion market as it represents the basis for international trading and settlement in gold and silver. Most global over-the-counter gold and silver trading is cleared through the London bullion market clearing system, with deals between parties throughout the world settled and cleared in London.
This concept has evolved over time. In the second half of the nineteenth century, London developed as the centre through which gold from the mines of California, South Africa and Australia was refined and then sold.
With this business as a base, and supported by the increasing acceptance of the London Good Delivery List, London bullion dealing houses established global client relationships. These clients opened bullion accounts with individual London trading houses. It soon become evident that these “loco London” accounts, while used to settle transactions between bullion dealer and client, could also be used to settle transactions with other parties by transfers of bullion in London. Today, all such third party transfers on behalf of clients of the London market are effected through the London bullion clearing system.
A credit balance on a loco London account with an LBMA member represents a holding of gold or silver in the same way that a credit balance in the relevant currency represents a holding of dollars on account with a New York bank or yen with a Tokyo bank.
| 5 +1 | cuenta local en Londres |
Sgallomuniz
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PRO (2): Jairo Payan, Sgallomuniz
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Proposed translations
Uruguay
Delivering excellence
Native in: Spanish 
Works in: Spanish to English, Portuguese to Spanish, English to Spanish, and 1 more.
cuenta local en Londres
cuenta local en Londres - no se debe traducir, ver explicación
Explicación:
Una cuenta Loco-London es una cuenta "financiera" basada en un depósito de oro. Cuando se originó muchos comerciantes/ banqueros/ mercaderes de oro y plata hacían transacciones basados en transferencias de sus cuentas locales en Londres, (local-London accounts).
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Note added at 31 mins (2008-12-09 15:51:44 GMT)
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Se me escapó, no se traduce porque es un término utilizado en la banca alrededor del mundo, el traducirlo puede causar confusión en el lector.
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Note added at 31 mins (2008-12-09 15:51:57 GMT)
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http://www.lbma.org.uk/london/locolondon
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Note added at 31 minutos (2009-01-25 17:51:35 GMT)
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Te envío otros links que tal vez te sirvan de referencia. Espero que te sirva!!! Saludos, Silvia :o))
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