Glossary entry (derived from question below)
Spanish term or phrase:
crédito ... frente
English translation:
claim ... against
Added to glossary by
Adrian MM.
Jun 17, 2019 13:12
4 yrs ago
13 viewers *
Spanish term
Spain
Law, Business & Marketing, BA, MA, MCIL
Native in: English (Variant: British) 
Works in: Spanish to English, French to English
riesgo de impago del crédito que nacería frente
Spanish to English
Bus/Financial
Insurance
Hi all,
I can't figure out this sentence and I was wondering if somebody could decipher it!
Bajo la Póliza de Seguro de Avales, la empresa cubre al banco emisor del aval del riesgo de impago del crédito que nacería frente a la ingeniería en caso de ejecución del aval.
It is the "que nacería frente a..." bit that stumps me.
Thanks!
I can't figure out this sentence and I was wondering if somebody could decipher it!
Bajo la Póliza de Seguro de Avales, la empresa cubre al banco emisor del aval del riesgo de impago del crédito que nacería frente a la ingeniería en caso de ejecución del aval.
It is the "que nacería frente a..." bit that stumps me.
Thanks!
Proposed translations
(English)
Change log
Feb 15, 2021 17:02: Adrian MM. Created KOG entry
Proposed translations
4 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
24
Spanish term (edited):
riesgo de impago del crédito que nacería frente a...
Selected
risk of default on such claim as would arise against....
I thought claim was - besides (credit) facility, loan or advance - a standard translation for 'crédito', but apparently not.
Arise against > as opposed to the copout of: vis-à-vis...
Bajo la Póliza de Seguro de Avales, la empresa cubre al banco emisor del aval del riesgo de impago del crédito que nacería frente a la ingeniería en caso de ejecución del aval. :
Under the Bonding Ins. Pol., the company covers (is to indemnify) the bond-issuing bank for non-payment (cf. dishono(u)r of a check/ cheque etc.) of such claim as would arise against the engineering (firm) in the event of enforcement of the bond.
Apologies if this appears like a weak answer.
Guarantee: (aval) bank>pays creditor on debtor's default
Indemnity: debtor>reimburses the bank for payment to> the creditor under the aval
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Note added at 7 hrs (2019-06-17 20:17:08 GMT)
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The circular arrangement as I see it:
Under the Bonding Ins. Pol., the (engineering) company is to indemnify the bond-issuing bank for *the risk* of non-payment of such claim as would arise against such engineering (co.) in the event of enforcement of the bond....
Arise against > as opposed to the copout of: vis-à-vis...
Bajo la Póliza de Seguro de Avales, la empresa cubre al banco emisor del aval del riesgo de impago del crédito que nacería frente a la ingeniería en caso de ejecución del aval. :
Under the Bonding Ins. Pol., the company covers (is to indemnify) the bond-issuing bank for non-payment (cf. dishono(u)r of a check/ cheque etc.) of such claim as would arise against the engineering (firm) in the event of enforcement of the bond.
Apologies if this appears like a weak answer.
Guarantee: (aval) bank>pays creditor on debtor's default
Indemnity: debtor>reimburses the bank for payment to> the creditor under the aval
--------------------------------------------------
Note added at 7 hrs (2019-06-17 20:17:08 GMT)
--------------------------------------------------
The circular arrangement as I see it:
Under the Bonding Ins. Pol., the (engineering) company is to indemnify the bond-issuing bank for *the risk* of non-payment of such claim as would arise against such engineering (co.) in the event of enforcement of the bond....
Reference:
http://eng.proz.com/personal-glossaries/entry/18259184-cr%3Fdito-realizable-encashable-loan-claim
4 KudoZ points awarded for this answer.
43 mins
against the risk of non-payment by the engineering co. of the credit
resulting from execution of the guarantee
2 hrs
against the risk of credit default that would arise to the engineering co.
My take.
5 hrs
Helena Chavarria
Spain
Spain
Native in English
Works in field
Spain
Striving for excellence
Native in: English (Variant: British)
Works in: Spanish to English, Catalan to English
Related KudoZ points
:
53
risk of non-payment of the credit payable to... resulting from...
I'm afraid I'm basing my answer on one website.
Contracting this policy the bond issuer covers the risk of default by the exporter on the credit that originates in favour of the issuer in case the bond is called.
http://inglaterra.cesce.es/linea-fianzas-pymes
Cuando a la entidad financiera española emisora le ejecutan el aval prestado en nombre del exportador español, nace un crédito del exportador frente a la entidad financiera. El seguro cubre el riesgo de impago de ese crédito.
http://www.cesce.es/seguro-fiadores-riesgo-ejecucion-fianzas
'risk of non-payment of the credit payable to the engineering company, resulting from the enforcement of the bond/surety/guarantee'.
I don't usually translate financial texts so you would need to make the translation sound as though it was written by someone who knew what they were talking about!
Contracting this policy the bond issuer covers the risk of default by the exporter on the credit that originates in favour of the issuer in case the bond is called.
http://inglaterra.cesce.es/linea-fianzas-pymes
Cuando a la entidad financiera española emisora le ejecutan el aval prestado en nombre del exportador español, nace un crédito del exportador frente a la entidad financiera. El seguro cubre el riesgo de impago de ese crédito.
http://www.cesce.es/seguro-fiadores-riesgo-ejecucion-fianzas
'risk of non-payment of the credit payable to the engineering company, resulting from the enforcement of the bond/surety/guarantee'.
I don't usually translate financial texts so you would need to make the translation sound as though it was written by someone who knew what they were talking about!
Reference comments
20 mins
Helena Chavarria
Spain
Spain
Native in English
Works in field
Spain
Striving for excellence
Native in: English (Variant: British)
Works in: Spanish to English, Catalan to English
Related KudoZ points
:
53
Reference:
Cuando a la entidad financiera española emisora le ejecutan el aval prestado en nombre del exportador español, nace un crédito del exportador frente a la entidad financiera. El seguro cubre el riesgo de impago de ese crédito.
Si alguna de los avales es ejecutado, por cualquier causa, por el Importador o por el Banco extranjero, nacerá una deuda del exportador frente al Banco español.
Nacer = result in, but I can't think of a way of translating 'frente a'.
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Note added at 1 hr (2019-06-17 14:59:07 GMT)
--------------------------------------------------
Sorry, I forgot to include the link.
http://www.cesce.es/seguro-fiadores-riesgo-ejecucion-fianzas
--------------------------------------------------
Note added at 1 hr (2019-06-17 15:01:21 GMT)
--------------------------------------------------
Si alguna de las Fianzas es ejecutada, por cualquier causa, por el Importador o por el Banco Fiador extranjero, nacerá una deuda del exportador frente al Banco fiador español. En caso de impago de esta deuda como consecuencia de alguno de los riesgos contemplados en la Póliza, CESCE indemnizará al Banco asegurado en los plazos establecidos en la Póliza, por las pérdidas derivadas del impago total o parcial del crédito.
http://www.cesce.es/linea-fianzas-pymes
--------------------------------------------------
Note added at 2 hrs (2019-06-17 15:20:47 GMT)
--------------------------------------------------
Here are the Spanish and English versions of the same text. I hope it helps!
Si alguna de las Fianzas es ejecutada, por cualquier causa, por el Importador o por el Banco Fiador extranjero, nacerá una deuda del exportador frente al Banco fiador español. En caso de impago de esta deuda como consecuencia de alguno de los riesgos contemplados en la Póliza, CESCE indemnizará al Banco asegurado en los plazos establecidos en la Póliza, por las pérdidas derivadas del impago total o parcial del crédito.
http://www.cesce.es/linea-fianzas-pymes#s3
The calling of any of the bonds for whatever reason by the importer or the foreign bonding bank originates a credit payable by the exporter to the Spanish bonding bank. In case this credit is not honoured as a consequence of any of the risks referred in the policy, CESCE shall indemnify the insured bank according to the terms established under the policy for the losses deriving from the total or partial default on this credit.
http://inglaterra.cesce.es/seguro-fiadores-riesgo-ejecucion-...
--------------------------------------------------
Note added at 2 hrs (2019-06-17 15:22:06 GMT)
--------------------------------------------------
frente a = payable to :-)
Si alguna de los avales es ejecutado, por cualquier causa, por el Importador o por el Banco extranjero, nacerá una deuda del exportador frente al Banco español.
Nacer = result in, but I can't think of a way of translating 'frente a'.
--------------------------------------------------
Note added at 1 hr (2019-06-17 14:59:07 GMT)
--------------------------------------------------
Sorry, I forgot to include the link.
http://www.cesce.es/seguro-fiadores-riesgo-ejecucion-fianzas
--------------------------------------------------
Note added at 1 hr (2019-06-17 15:01:21 GMT)
--------------------------------------------------
Si alguna de las Fianzas es ejecutada, por cualquier causa, por el Importador o por el Banco Fiador extranjero, nacerá una deuda del exportador frente al Banco fiador español. En caso de impago de esta deuda como consecuencia de alguno de los riesgos contemplados en la Póliza, CESCE indemnizará al Banco asegurado en los plazos establecidos en la Póliza, por las pérdidas derivadas del impago total o parcial del crédito.
http://www.cesce.es/linea-fianzas-pymes
--------------------------------------------------
Note added at 2 hrs (2019-06-17 15:20:47 GMT)
--------------------------------------------------
Here are the Spanish and English versions of the same text. I hope it helps!
Si alguna de las Fianzas es ejecutada, por cualquier causa, por el Importador o por el Banco Fiador extranjero, nacerá una deuda del exportador frente al Banco fiador español. En caso de impago de esta deuda como consecuencia de alguno de los riesgos contemplados en la Póliza, CESCE indemnizará al Banco asegurado en los plazos establecidos en la Póliza, por las pérdidas derivadas del impago total o parcial del crédito.
http://www.cesce.es/linea-fianzas-pymes#s3
The calling of any of the bonds for whatever reason by the importer or the foreign bonding bank originates a credit payable by the exporter to the Spanish bonding bank. In case this credit is not honoured as a consequence of any of the risks referred in the policy, CESCE shall indemnify the insured bank according to the terms established under the policy for the losses deriving from the total or partial default on this credit.
http://inglaterra.cesce.es/seguro-fiadores-riesgo-ejecucion-...
--------------------------------------------------
Note added at 2 hrs (2019-06-17 15:22:06 GMT)
--------------------------------------------------
frente a = payable to :-)
Peer comments on this reference comment:
| agree |
Adrian MM.
: If you discount the 'deuda frente a' quotes and (mis-?)construe 'un crédito del exportador frente a...' as an exporter's claim against, then the rest should or - future subjunctive in Spanish - might fall into place.
3 hrs
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As I understand it, the credit would have to be paid to the engineering company but I'm not confident enough to post an answer. Thank you, Adrian :-)
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