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währungsgesichert

English translation: quanto

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:währungsgesichert
English translation:quanto
Entered by: Douglas Arnott

13:12 Apr 2, 2009
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: währungsgesichert
Bei einigen Zertifikaten, vornehmlich Einzelaktienzertifikaten, kann es bei Fälligkeit auch zur Lieferung des Basiswerts, z.B. der jeweiligen Aktie, kommen. Bei währungsgesicherten Zertifikaten (sog. Quanto-Struktur) errechnet sich die Rückzahlung bei Fälligkeit gemäß dem Stand des Basiswerts in Fremdwährung und dem bei Auflegung des Zertifikats fixierten Währungsumrechnungskurs. Auch nichtwährungsgesicherte Zertifikate können in Euro zurückgezahlt werden.

Text deals with various types of traded certificates.
Douglas Arnott
Local time: 10:10
quanto
Explanation:
The clue's in the German text.

See e.g. here for an explanation and usage:

http://www.abnamromarkets.com/EN/MediaLibrary/Document/User ...
Selected response from:

RobinB
United States
Local time: 03:10
Grading comment
Thanks. They had been using quanto on its own earlier in the text, and then added this info later on. I wasn't sure whether I should elaborate on it or not.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1quanto
RobinB
2tied to foreign currency
Paul Merriam
Summary of reference entries provided
Info
Kim Metzger

  

Answers


7 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
tied to foreign currency


Explanation:
This is what it is, but it may have a different name.

Paul Merriam
Local time: 04:10
Native speaker of: English
PRO pts in category: 1
Login to enter a peer comment (or grade)

54 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
quanto


Explanation:
The clue's in the German text.

See e.g. here for an explanation and usage:

http://www.abnamromarkets.com/EN/MediaLibrary/Document/User ...

RobinB
United States
Local time: 03:10
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 63
Grading comment
Thanks. They had been using quanto on its own earlier in the text, and then added this info later on. I wasn't sure whether I should elaborate on it or not.

Peer comments on this answer (and responses from the answerer)
agree  Dr.G.MD (X)
49 mins
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Reference comments


23 mins
Reference: Info

Reference information:
What Does Currency Certificate Mean?
A note that grants the holder the right to convert a specific amount of one currency to another at a given exchange rate until it expires. A currency certificate is a bearer certificate in that there is no registered owner. Currency certificates are a useful tool for hedging foreign exchange risk.

http://www.investopedia.com/terms/c/currency_certificate.asp

Kim Metzger
Mexico
Native speaker of: Native in EnglishEnglish
PRO pts in category: 47
Login to enter a peer comment (or grade)



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