Glossary entry (derived from question below)
Spanish term or phrase:
Dólar cable
English translation:
blue chip swap
Added to glossary by
Vanina Guarnieri
Oct 28, 2019 13:00
4 yrs ago
14 viewers *
Spanish term
Argentina
Medical and pharmaceutical translations
Native in: Spanish (Variants: Argentine, Latin American)
Works in: English to Spanish, Spanish to English
Dólar cable
Spanish to English
Bus/Financial
Economics
Financial
Una empresa compra bonos en pesos y otra los vende en T+2 contra dólares cable.
Proposed translations
(English)
| 5 +1 | blue chip swap |
patinba
|
| 4 | the mternational financial transactions based dollar exchange rate |
Francois Boye
|
Proposed translations
+1
32 mins
Selected
blue chip swap
Es lo mismo que el "contado con liquidación"
From the Financial Times
Look at what is known in English as the blue chip swap (BCS) rate (the Spanish name is contado con liquidación or just contado con liqui) - a mechanism whereby assets are bought in Argentina in pesos and sold abroad in dollars. It’s a legal way of getting dollars out of the country – something the government is desperate to avoid.
From the Financial Times
Look at what is known in English as the blue chip swap (BCS) rate (the Spanish name is contado con liquidación or just contado con liqui) - a mechanism whereby assets are bought in Argentina in pesos and sold abroad in dollars. It’s a legal way of getting dollars out of the country – something the government is desperate to avoid.
4 KudoZ points awarded for this answer.
Comment: "Thank you! It was very helpful :)"
15 hrs
Francois Boye
United States
United States
Specializes in field
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
60
the mternational financial transactions based dollar exchange rate
It's not a swap. Rather, it's the dollar exchange rate people are willing to pay to stash their monies abroad and/or repatriate them through international financial transactions.
https://www.investopedia.com/terms/s/swap.asp
https://www.investopedia.com/terms/s/swap.asp
Something went wrong...