Glossary entry

Spanish term or phrase:

acudir a las amortizaciones

English translation:

respond to calls for redemption

Added to glossary by Hazel Whiteley
Mar 7, 2005 14:52
19 yrs ago
2 viewers *
Spanish term

acudir a las amortizaciones

Spanish to English Law/Patents Law: Contract(s) asset management
Asset management contract (Spain):

"La entidad ejercitará su actividad de gestión con las más amplias facultades, pudiendo, en nombre y por cuenta del cliente entre otras operaciones, comprar, suscribir, enajenar, prestar, acudir a las amortizaciones, ejercitar los derechos económicos, realizar los cobros pertinentes, conversiones y canje de los valores y, en general, activos financieros sobre los que recaiga la gestión, desarrollando las actuaciones, comunicaciones e iniciativas exigidas para ello, pudiendo, a tales efectos, suscribir cuantos documentos sean necesarios"

I am assuming that "amortizaciones" refers to "redemptions" (as in with shares) although this paragraph refers to much more than just shares. Also, what would the "acudir" bit be? To respond to?

Thanks

Proposed translations

+1
10 mins
Selected

respond to calls for redemption

Maybe like that.
Peer comment(s):

agree Lawrence Lilue : Yes. I t hink this is better than to apply for redemptions.
3 days 1 hr
Gracias, Lawrence.
Something went wrong...
4 KudoZ points awarded for this answer.
+1
10 mins

apply for redemptions

not just 'shares' any other applicable type of 'bonds'

hih
:)
Peer comment(s):

agree Margarita Palatnik (X)
3 mins
Thnx Margarita :)
Something went wrong...
10 mins

effect redemptions

This is the expression, as you may see from these examples:

Investment Management Update
... The staff also announced that any fund that wishes to effect redemptions in kind may do so either under the conditions described in the letter (without ...
library.lp.findlaw.com/.../006102/title/Subject/topic/Securities%20Law_Fraud/filename/securitieslaw_2_5597

PART III
... (k) Mode of payment of Dividends / Redemptions : The AMC proposes to use a variety of methods to pay dividends and effect redemptions to the investors. ...
www.mutualfundsindia.com/Part III_sundaram.htm

[PDF] All Points Investment Savings Plan Application Form
File Format: PDF/Adobe Acrobat - View as HTML
... I/We also duly authorise the Bank to effect redemptions by requesting the Company to redeem all shares of the relevant class(es) in my/our name and on my/our ...
www.bankofbermuda.bm/community-banking/ investment-services/pdf/allpointsavplan.pdf


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Note added at 11 mins (2005-03-07 15:04:39 GMT)
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The correct link for the first example is:
http://library.lp.findlaw.com/.../006102/title/Subject/topic...
Something went wrong...
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