Glossary entry (derived from question below)
Danish term or phrase:
modforretning
English translation:
offsetting/set-off transaction
Added to glossary by
Diarmuid Kennan
Sep 20, 2010 13:20
13 yrs ago
1 viewer *
Danish term
Ireland
Reliable and accurate
Native in: English 
Works in: Danish to English, Norwegian to English, Swedish to English
modforretning
Danish to English
Bus/Financial
Finance (general)
Da terminskontrakterne havde en lang løbetid, var det muligt at hjemtage en gevinst ved at indgå en modforretning med samme løbetid i tilsvarende valuta. I et meget svingende marked kan det være formålstjenligt at indgå løbende modforretninger, da selskabet køber USD til en lavere kurs, end det er forpligtet til at levere, vil gevinsten være risikofri for selskabet. Terminsforretningen blev dog kun indgået som følge af H2 B.V.s dollartilgodehavende.
Proposed translations
(English)
| 2 +1 | offsetting transaction |
Christopher Schröder
|
| 4 | parallel (or concurrent) company |
Andrew Alix
|
Proposed translations
+1
1 hr
Christopher Schröder
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Experienced central bank translator
Native in: English (Variant: British)
Works in: Swedish to English, Norwegian to English, Danish to English
Related KudoZ points
:
31
Selected
offsetting transaction
I think this is what you are looking for
4 KudoZ points awarded for this answer.
Comment: "Thank you, I went with set-off translation in the end"
21 mins
Andrew Alix
United States
United States
Native in English
United States
Engineering - electrical, instrumentatio
Native in: English (Variants: US, UK) 
Works in: Norwegian to English, Danish to English
parallel (or concurrent) company
What is being done is to start up a firm with the same term life as the contract in order to protect the income from swinging currency values. Since the Contract is for a specific sum in USD, this could result in a loss for a long term contract if the currency drops in value.
Note from asker:
| I'm not so sure. I suspect that forretning here refers to a transaction, not a company. I was expecting something like "counter-transaction", but I will wait and see if there are other suggestions. |
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