Glossary entry

Italian term or phrase:

reintegro della garanzia

English translation:

replacement of the collateral / restoration of the collateral

Added to glossary by Dominic Currie
Apr 6, 2009 21:01
15 yrs ago
13 viewers *
Italian term

reintegro della garanzia

Italian to English Bus/Financial Finance (general)
This phrase appears in a Basel 2 Pillar 3 disclosure report, in a section headed “risk mitigation techniques”, in the following context:

Al fine di limitare i rischi di insussistenza o cessazione della protezione sono previste specifiche tutele, quali: il *reintegro della garanzia* in presenza di una diminuzione del valore iniziale dei beni e l’estensione del pegno sulle somme rivenienti dal rimborso degli strumenti finanziari.

Thanks in advance.

Dominic

Proposed translations

+1
6 hrs
Selected

replacement of the collateral / restoration of the collateral

From the context this would seem to be a "garanzia reale" or in other words a pledge (pegno) of something as collateral. It seems to be saying that if the value of the collateral has fallen (maybe shares whose price has dropped) then the pledge can be extended to include sums from the liquidation, (sale or redemption) of other financial instruments.
Peer comment(s):

agree Kevin Pendergast
5 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks Jim. In the end I decided to use "restoration of the collateral". Dominic"
+3
22 mins
Italian term (edited): reintegro della garanzia

Reinstatement of guarantee (through a reinstatement provision)

I think it's 'reinstatement of guarantee'.
''Reductions in the probability of
default are accomplished through a reinstatement provision
that allows the guarantee to be drawn to meet debt
service payments during periods of illiquidity.'' [see link: http://www.ifc.org/ifcext/treasury.nsf/AttachmentsByTitle/SF...$FILE/PCG.pdf]

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Note added at 24 mins (2009-04-06 21:25:18 GMT)
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http://www.ifc.org/ifcext/treasury.nsf/AttachmentsByTitle/SF...$FILE/PCG.pdf
Peer comment(s):

agree De Novi
4 hrs
thanks:)
agree blattanzi
10 hrs
thanks:)
agree Silvia Bandinu
10 hrs
thanks:)
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