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Glossary entry

Spanish term or phrase:

Los activos financieros se darán de baja

English translation:

the financial assets will be derecognised

    The asker opted for community grading. The question was closed on 2011-11-04 07:54:08 based on peer agreement (or, if there were too few peer comments, asker preference.)
Oct 31, 2011 22:21
12 yrs ago
23 viewers *
Spanish term

Los activos financieros se darán de baja

Spanish to English Bus/Financial Finance (general) An audit report
This appears in an audit report. Could I say, "The financial assets will no longer be considered/included"?
Proposed translations (English)
4 +1 the financial assets will be derecognised
4 -1 The investments will be excluded
4 -1 The financial assets will be written off
3 -1 The financial assets will be frozen/suspended
References
See here

Discussion

Helena Chavarria (asker) Oct 31, 2011:
I'm sorry, this is my first post. The sentence is a whole paragraph and it says, "Los activos financieros se darán de baja una vez que se hayan transferido de manera sustancial los riesgos y beneficios inherentes a la propiedad del activo." I have translated it as, "The financial assets will no longer be considered once the risks and profits that are inherent to owning the asset have been substantially transferred."
AllegroTrans Oct 31, 2011:
It all depends on the context, for which you need to give us the sentences before and after this one (as suggested by KudoZ when you posted your question)

Proposed translations

+1
4 hrs
Selected

the financial assets will be derecognised

From Price WaterhouseCoopers IAS Derecognition of Financial Assets in Practice

Derecognition The process of removing an asset or liability from the balance sheet.

This reference also includes the definition of financial asset....

http://www.pwc.ch/user_content/editor/files/publ_ass/pwc_ias...

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Note added at 4 hrs (2011-11-01 02:53:12 GMT)
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http://www.linguee.es/ingles-espanol/traduccion/derecognized...
Note from asker:
Thank you! Just the word I needed.
Peer comment(s):
agree Richard Cadena
1 hr
Thank you, Richard!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you for the new word."
-1
8 mins

The investments will be excluded

.

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Note added at 17 mins (2011-10-31 22:39:13 GMT)
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as per your explanation, qed.

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Note added at 20 mins (2011-10-31 22:41:37 GMT)
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investments available for sale - Traducción al español – Linguee
www.linguee.es/.../investments available for sale... - Translate this page
Muchos ejemplos de oraciones traducidas contienen "investments available for sale" ... Los activos financieros disponibles para la venta son activos ...
Note from asker:
I agree entirely with Giovanni.
Peer comment(s):
disagree Giovanni Rengifo : "investments" is too broad a word. "financial assets" is the term of art here. I'm not sure "excluded" is the best choice here either.
5 hrs
Something went wrong...
-1
26 mins

The financial assets will be frozen/suspended

.
Peer comment(s):
disagree FVS (X) : Sorry, it is simply a question of removing from the accounts once the inherent risks in the assets disappear.
47 mins
Something went wrong...
-1
32 mins

The financial assets will be written off

-
Peer comment(s):
disagree FVS (X) : Nope, this is not a question of writing anything off.
40 mins
Something went wrong...

Reference comments

11 hrs
Reference:

See here

for the language
Reference:

http://www.wikinvest.com/stock/Prudential_Public_Limited_Company_(PUK)/Derecognition_Financial_Assets_Liabilities

Note from asker:
Thank you for the link
Something went wrong...
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