metoda zaangażowania

English translation: commitment method

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:metoda zaangażowania
English translation:commitment method
Entered by: Tomasz Poplawski

18:16 Jan 17, 2016
Polish to English translations [PRO]
Bus/Financial - Investment / Securities
Polish term or phrase: metoda zaangażowania
Z prospektu informacyjnego funduszu inwestycyjnego:

Całkowita ekspozycja, która opisana jest w §§ 10-23 Rozporządzenia Ministra Finansów z dnia 30 kwietnia 2013 r. w sprawie sposobu, trybu oraz warunków prowadzenia działalności przez towarzystwa funduszy inwestycyjnych (Dz.U.2013.538) wyznaczana jest przy wykorzystaniu ***metody zaangażowania***, zgodnie z Załącznikiem nr 1 do Rozporządzenia.
Tomasz Poplawski
Local time: 23:06
commitment method
Explanation:
Propozycja.

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Note added at 2 hrs (2016-01-17 20:17:52 GMT)
--------------------------------------------------

When calculating an AIF’s exposure using the Commitment Method, AIFMs should: - http://www.linklaters.com/Insights/20100218/Pages/13_Leverag...
ccccccccccccccccccccc
Commitment Method
The AIFM is responsible for accurate calculations, the commitment method
is the most complex of these hence requires substantive attention.
https://www.viteos.com/pdf3/v2.pdf

ccccccccc

Commitment’ and ‘gross’ method - It is the duty of the AIFM to calculate the exposure of the AIFs managed in accordance with two methodologies presented in the Level 2 Regulation from the European Commission – these are known as the “commitment method” and the “gross method”.<?b> The Commission will review no later than 21 July 2015 whether the calculation methods are appropriate for all types of AIF.
The calculations under both these methods are complicated. Essentially, the “commitment” method involves calculating the exposure of the AIF by way of the absolute values of its positions in instruments, assets or liabilities but takes account of hedging arrangements and netting between derivatives in reducing the overall exposure. The “gross” method is broadly similar but does not cater for hedging or netting (more detail can be found in Articles 7 and 8 under section 2 of the Regulation).
http://www.bvca.co.uk/Portals/0/library/documents/AIFMD_-_Wh...

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Note added at 2 hrs (2016-01-17 20:25:53 GMT)
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commitment approach > metoda zaangażowania
Contributor:
Stanislaw Czech, MCILStanislaw Czech, MCIL
United Kingdom
http://www.proz.com/?sp=gloss/term&id=15271960

ccccccccccccccccccccc

1.4. The draft delegated regulation refers to the application of the gross method and the commitment method (7). It does not include the advanced method (8) as this method would not ensure comparability of results. The ECB understands that the advanced method, which relaxes the rules of the commitment method, was designed for AIFMs managing AIFs, for which the commitment method may not be appropriate or may not provide meaningful results. The ECB supports the Commission’s Decision not to include the advanced method since the application of the gross method and of the commitment method are sufficient and will provide useful information to both investors and competent supervisory authorities about the leverage of AIFs.
http://www.ecb.europa.eu/ecb/legal/pdf/c_04720130219en000100...

1.4. Projekt rozporządzenia delegowanego wskazuje na zastosowanie metody brutto oraz metody zaanga­żowania (7). Nie obejmuje on metody zaawansowanej (8), jako że metoda ta nie zapewniłaby porównywalności wyników. EBC rozumie, że metoda zaawansowana, która łagodzi zasady metody zaanga­ żowania, została zaprojektowana dla ZAFI zarządzających AFI, dla których metoda zaangażowania może nie być odpowiednia lub może nie przynosić odpowiednich wyników. EBC popiera decyzję Komisji o nieuwzględnieniu metody zaawansowanej, jako że zastosowanie metody brutto i metody zaangażowania jest wystarczające i dostarczy potrzebnych informacji na temat dźwigni finansowej AFI zarówno inwestorom, jak i właściwym organom nadzorczym.
http://www.ecb.europa.eu/ecb/legal/pdf/c_04720130219pl000100...
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 00:06
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3commitment method
Frank Szmulowicz, Ph. D.


Discussion entries: 3





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
commitment method


Explanation:
Propozycja.

--------------------------------------------------
Note added at 2 hrs (2016-01-17 20:17:52 GMT)
--------------------------------------------------

When calculating an AIF’s exposure using the Commitment Method, AIFMs should: - http://www.linklaters.com/Insights/20100218/Pages/13_Leverag...
ccccccccccccccccccccc
Commitment Method
The AIFM is responsible for accurate calculations, the commitment method
is the most complex of these hence requires substantive attention.
https://www.viteos.com/pdf3/v2.pdf

ccccccccc

Commitment’ and ‘gross’ method - It is the duty of the AIFM to calculate the exposure of the AIFs managed in accordance with two methodologies presented in the Level 2 Regulation from the European Commission – these are known as the “commitment method” and the “gross method”.<?b> The Commission will review no later than 21 July 2015 whether the calculation methods are appropriate for all types of AIF.
The calculations under both these methods are complicated. Essentially, the “commitment” method involves calculating the exposure of the AIF by way of the absolute values of its positions in instruments, assets or liabilities but takes account of hedging arrangements and netting between derivatives in reducing the overall exposure. The “gross” method is broadly similar but does not cater for hedging or netting (more detail can be found in Articles 7 and 8 under section 2 of the Regulation).
http://www.bvca.co.uk/Portals/0/library/documents/AIFMD_-_Wh...

--------------------------------------------------
Note added at 2 hrs (2016-01-17 20:25:53 GMT)
--------------------------------------------------

ccccccccccccccccccccc

commitment approach > metoda zaangażowania
Contributor:
Stanislaw Czech, MCILStanislaw Czech, MCIL
United Kingdom
http://www.proz.com/?sp=gloss/term&id=15271960

ccccccccccccccccccccc

1.4. The draft delegated regulation refers to the application of the gross method and the commitment method (7). It does not include the advanced method (8) as this method would not ensure comparability of results. The ECB understands that the advanced method, which relaxes the rules of the commitment method, was designed for AIFMs managing AIFs, for which the commitment method may not be appropriate or may not provide meaningful results. The ECB supports the Commission’s Decision not to include the advanced method since the application of the gross method and of the commitment method are sufficient and will provide useful information to both investors and competent supervisory authorities about the leverage of AIFs.
http://www.ecb.europa.eu/ecb/legal/pdf/c_04720130219en000100...

1.4. Projekt rozporządzenia delegowanego wskazuje na zastosowanie metody brutto oraz metody zaanga­żowania (7). Nie obejmuje on metody zaawansowanej (8), jako że metoda ta nie zapewniłaby porównywalności wyników. EBC rozumie, że metoda zaawansowana, która łagodzi zasady metody zaanga­ żowania, została zaprojektowana dla ZAFI zarządzających AFI, dla których metoda zaangażowania może nie być odpowiednia lub może nie przynosić odpowiednich wyników. EBC popiera decyzję Komisji o nieuwzględnieniu metody zaawansowanej, jako że zastosowanie metody brutto i metody zaangażowania jest wystarczające i dostarczy potrzebnych informacji na temat dźwigni finansowej AFI zarówno inwestorom, jak i właściwym organom nadzorczym.
http://www.ecb.europa.eu/ecb/legal/pdf/c_04720130219pl000100...

Frank Szmulowicz, Ph. D.
United States
Local time: 00:06
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 20
Notes to answerer
Asker: Wielkie dzięki za wsparcie mojej intuicji tak solidnymi podstawami!

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