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Letra Imobiliária Garantida (LIG)

English translation: Guaranteed Real Estate Bill (LIG)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:Letra Imobiliária Garantida (LIG)
English translation:Guaranteed Real Estate Bill (LIG)
Entered by: Ana Vozone

21:27 May 25, 2022
Portuguese to English translations [PRO]
Law/Patents - Law (general)
Portuguese term or phrase: Letra Imobiliária Garantida (LIG)
A LIG é um título lastreado por créditos imobiliários que pode ser emitido por bancos, caixas econômicas, sociedades de crédito, financiamento ou investimento, companhias hipotecárias e associações de poupança e empréstimo. Esse título foi criado com o objetivo de fomentar o mercado imobiliário no país, baseado no modelo reconhecido no exterior de covered bonds. A LIG conta com uma carteira de ativos que lastreia e garante os títulos, uma vez que se torna um patrimônio apartado da instituição emissora, dedicado exclusivamente à LIG.
Thatna Dias
Brazil
Local time: 16:49
Guaranteed Real Estate Bill (LIG)
Explanation:
The Guaranteed Real Estate Bill (Letra Imobiliária Garantida - LIG) is a new credit instrument for long-term funding by financial institutions destined to real estate credit expansion, created by the Brazilian Federal Government by means of Provisional Measure (Medida Provisória) No. 656, of October 7, 2014 (MP 656/2014).

https://www.mondaq.com/brazil/real-estate/365178/the-brazili...

https://www.google.com/search?q="Guaranteed Real Estate Bill...
Selected response from:

Ana Vozone
Local time: 20:49
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2collateral mortgage note / housing financing note
Teresa Freixinho
3 +2Guaranteed Real Estate Bill (LIG)
Ana Vozone
3Covered Bonds
Rodrigo Bovino
2Mortgage Bond (MB)
Adrian MM.


  

Answers


43 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
Guaranteed Real Estate Bill (LIG)


Explanation:
The Guaranteed Real Estate Bill (Letra Imobiliária Garantida - LIG) is a new credit instrument for long-term funding by financial institutions destined to real estate credit expansion, created by the Brazilian Federal Government by means of Provisional Measure (Medida Provisória) No. 656, of October 7, 2014 (MP 656/2014).

https://www.mondaq.com/brazil/real-estate/365178/the-brazili...

https://www.google.com/search?q="Guaranteed Real Estate Bill...

Ana Vozone
Local time: 20:49
Works in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 301

Peer comments on this answer (and responses from the answerer)
agree  Ana Flávia Ribeiro
32 mins
  -> Obrigada, Ana!
agree  Mark Robertson
9 hrs
  -> Obrigada, Mark!
Login to enter a peer comment (or grade)

49 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
collateral mortgage note / housing financing note


Explanation:
Dicionário Maria Chaves de Mello

Teresa Freixinho
Brazil
Local time: 16:49
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
agree  Mark Robertson
9 hrs
  -> Obrigada, Mark!
agree  Felipe Tomasi
17 hrs
  -> Obrigada, Felipe!
Login to enter a peer comment (or grade)

13 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
Mortgage Bond (MB)


Explanation:
It might be a good idea to consider - by process of eleimination - mortgage comfort letters, memorandum of an equitable (informal) vs. legal (formal) landcharge and mortgage bonds vs. notes.

--------------------------------------------------
Note added at 14 hrs (2022-05-26 11:27:50 GMT)
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by process of elimination..

Example sentence(s):
  • A mortgage bond is a bond backed by a pool of mortgages on a *real estate asset* such as a house.
  • Mortgage notes are a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise.

    Reference: http://www.roryc.ca/blog/2018/08/what-is-a-mortgage-comfort-...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 111
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1 day 15 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Covered Bonds


Explanation:
Nesse contexto, destaca-se a introdução da Letra Imobiliária Garantida (LIG), instrumento que se assemelha aos covered bonds, esses de
grande relevância no mercado imobiliário europeu. A LIG, em função
de suas características que a distingue dos CRIs e LCIs, tem potencial
para viabilizar a expansão do funding e a necessária expansão do crédito imobiliário no Brasil. Não obstante, há o risco de a LIG se constituir
em apenas mais um instrumento de captação bancária, sem impacto
relevante no crédito imobiliário.


    https://cbic.org.br/wp-content/uploads/2017/11/Letras_Imobiliarias_Garantidas_e_o_Credito_Habitacional_2017.pdf
Rodrigo Bovino
Brazil
Local time: 16:49
Native speaker of: Portuguese
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