Jul 27, 2023 14:24
10 mos ago
20 viewers *
Spanish term

constituir depósitos de valores

Spanish to English Bus/Financial Finance (general)
Hi. I'm translating Poder Especial from Spain. One of the faculties awarded is:
abrir, seguir y cancelar cuentas y libretas de ahorro, cuentas corrientes y de crédito y cajas de seguridad; constituir depósitos a plazo y de valores y retirar el todo o parte de estos.

Can you please explain to me what "constituir depósitos de valores" means?
To deposit securities? Where?
Change log

Jul 27, 2023 14:26: abe(L)solano changed "Language pair" from "English to Spanish" to "Spanish to English"

Jul 27, 2023 14:36: abe(L)solano changed "Language pair" from "Spanish to English" to "English to Spanish"

Jul 27, 2023 14:36: abe(L)solano changed "Language pair" from "English to Spanish" to "Spanish to English"

Discussion

Proposed translations

+2
3 hrs
Selected

deposit securities

Or 'open securities/brokerage accounts'

A securities account, sometimes known as a brokerage account, is an account that holds financial assets such as securities on behalf of an investor with a bank, broker or custodian. Investors and traders typically have a securities account with the broker or bank they use to buy and sell securities.
http://en.m.wikipedia.org/wiki/Securities_account


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Note added at 3 hrs (2023-07-27 17:43:35 GMT)
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...establish conditions under which a "registered.. management company or any ... custodian" may deposit securities with a securities depository.
http://www.sec.gov/rules/final/ic-25934.htm

Peer comment(s):

agree Carina Mariani
18 mins
agree AllegroTrans
1 day 20 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
4 hrs

to create Memoranda of Deposit

Though I have opened a Memo of Deposit myself at a UK bank as collateral for a loan or revolving credit, ProZ translators have never bought it.

I think registering of escrow deposits in the first web ref. may work for the USA whereas, in the UK, escrow is a deposit of title deeds subject to a condition precedent to a mortgage or conveyancing completion and a deposit stakeholder account is too far off the esteemed question.
Example sentence:

A memorandum of deposit (MOD) is a document that is used in home loan financing to record the deposit of money or other assets as collateral for the loan.

Define U.S. Memorandum of Deposit. means the deed entitled U.S. Memorandum of Deposit dated on or about the date of this Agreement between the Borrower and the Administrative Agent.

Peer comment(s):

neutral philgoddard : Yet again, bizarrely, your second reference supports my answer, not yours. Your first reference and your explanation ignore 'valores'. It's securities, not cash
17 hrs
Something went wrong...
22 hrs

term deposits and securities

Refers to the authority to make deposits and withdraw them from banks
Something went wrong...
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