attività impegnate

English translation: encumbered assets

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:attività impegnate
English translation:encumbered assets

13:37 May 31, 2015
    The asker opted for community grading. The question was closed on 2015-06-03 17:54:08 based on peer agreement (or, if there were too few peer comments, asker preference.)


Italian to English translations [PRO]
Finance (general)
Italian term or phrase: attività impegnate
This is from a chart heading in the notes to a financial statement:
"2. Informativa sulle attività impegnate iscritte in bilancio"

Then, underneath, there are the following items:

"1. Cassa e disponibilità liquide
2. Titoli di debito
3. Titoli di capitale
4. Finanziamenti
5. Altre attività finanziarie
6. Attività non finanziarie "

Any ideas?

I know attività is "assets", but am unsure what's meant by "impegnata"...

Thank you,

Peter
Peter Waymel
Italy
Local time: 20:38
encumbered assets
Explanation:
this is the standard terminology in this context

https://www.eba.europa.eu/documents/10180/741903/EBA-GL-2014...
Selected response from:

CristianaC
United Kingdom
Local time: 19:38
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1encumbered assets
CristianaC
5pledged assets
James (Jim) Davis
4committed assets
x1ansheng (X)


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
committed assets


Explanation:
Basically they're what a bank has, to help mitigate losses and loan defaults. If it were a person, it'd be like a car or a house, something physically "holding" a value that you can tap into (via equity or sale) in case of a financial emergency or necessity.

Hope this helps. I've attached a link to a paper written by the Fed Branch in Philadelphia for a better idea. Have a great week.


    Reference: http://www.philadelphiafed.org/research-and-data/publication...
x1ansheng (X)
United States
Local time: 14:38
Native speaker of: Native in EnglishEnglish
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
encumbered assets


Explanation:
this is the standard terminology in this context

https://www.eba.europa.eu/documents/10180/741903/EBA-GL-2014...

CristianaC
United Kingdom
Local time: 19:38
Specializes in field
Native speaker of: Native in ItalianItalian, Native in EnglishEnglish
PRO pts in category: 371
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  James (Jim) Davis: Very popular at the ECB and EBA
17 hrs
  -> thanks Jim!
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19 hrs   confidence: Answerer confidence 5/5
pledged assets


Explanation:
An alternative to Cristiana's post. This is also used at the ECB and EBA. Both terms are often used sometimes in the same sentence.
"Unencumbered" however is the term rather than "not pledged". In legal terms when you write a loan contract requiring collateral, it is very important that the collateral pledged is unencumbered, i.e. not already pledged to somebody else. Similarly when buying a house, you need to know that it is free from encumbrances.

https://www.google.co.uk/#q="pledged assets"

Guidelines on disclosure of encumbered and ...
https://www.eba.europa.eu/.../c65a7f66-9fa5-435b...
Traduci questa pagina
27 giu 2014 - Disclosure requirements in Council Directive 86/635 set out the amount of assets pledged, assets available to be pledged and a breakdown by ...

James (Jim) Davis
Seychelles
Local time: 22:38
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4512
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