Glossary entry (derived from question below)
German term or phrase:
Grundgeschäftsbezug
English translation:
hedging relationship
Added to glossary by
DFTS (X)
Dec 6, 2009 19:02
14 yrs ago
1 viewer *
German term
Grundgeschäftsbezug
German to English
Bus/Financial
Finance (general)
It is the title of a section in a finances framework directive. Not sure how to translate bezug together with underlying transactions...
Thanks in advance for any advice!
Thanks in advance for any advice!
Proposed translations
(English)
| 5 | hedging relationship |
Ted Wozniak
|
| 2 +1 | relation to an underlying transaction |
Michael Sieger
|
| 2 | General Business Expenditure |
Chris Hughes
|
Proposed translations
32 mins
Ted Wozniak
United States
United States
Native in English
Specializes in field
United States
Bridging the Language GAAP-
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
511
Selected
hedging relationship
See IFRS 1.29 or IAS 39.55
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Note added at 33 mins (2009-12-06 19:35:33 GMT)
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The Grundgeschäft is the hedged item.
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Note added at 56 mins (2009-12-06 19:58:59 GMT)
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Each hedge must have a relationship to a hedged item/underlying transaction.
Example: You are in the eurozone and have a contract to deliver X over the next year in exchange for US dollars. You buy a USD/EUR currency forward to hedge against changes in the exchange rate. The contract is the hedged item and the forward is the hedge, which is related to the contract.
--------------------------------------------------
Note added at 33 mins (2009-12-06 19:35:33 GMT)
--------------------------------------------------
The Grundgeschäft is the hedged item.
--------------------------------------------------
Note added at 56 mins (2009-12-06 19:58:59 GMT)
--------------------------------------------------
Each hedge must have a relationship to a hedged item/underlying transaction.
Example: You are in the eurozone and have a contract to deliver X over the next year in exchange for US dollars. You buy a USD/EUR currency forward to hedge against changes in the exchange rate. The contract is the hedged item and the forward is the hedge, which is related to the contract.
Note from asker:
| Thanks Ted! I understand now about hedging relationship, but if grundgeschäft is the hedged item, than what is sicherungsgeschäft? The full sentence reads "Jedes Sicherungsgeschäft hat sich auf ein Grundgeschäft zu beziehen." |
4 KudoZ points awarded for this answer.
Comment: "Thanks Ted!"
18 mins
Chris Hughes
Native in English
Works in field
Accurate Insurance and IT Specialist
Native in: English
Works in: Dutch to English, German to English, French to English, and 1 more.
General Business Expenditure
It sounds familiar and I think I recall it being translated along those lines.
Note from asker:
| Thanks for the suggestion Chris. It sounds good, but the problem is that I also have "Marktbezug" later in the document, and the first sentence under grundgeschäftsbezug talks about a hedge being based on a "grundgeschäft" |
+1
13 hrs
Michael Sieger
United Kingdom
United Kingdom
Native in German
Works in field
United Kingdom
Legal Translations
Native in: German 
Works in: English to German, German to English, German, and 3 more.
Related KudoZ points
:
4
relation to an underlying transaction
Grundgeschäft = das zu Grunde liegende Geschäft
Peer comment(s):
| agree |
YorickJenkins
: or "must be linked to" instead of "must have a relation to"
7 hrs
|
|
Danke :)
|
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