ウォーターフォール変更事由

English translation: grounds for (or reasons for) the change in waterfall (cash flow) distribution

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Japanese term or phrase:ウォーターフォール変更事由
English translation:grounds for (or reasons for) the change in waterfall (cash flow) distribution
Entered by: Robin Boyd

01:56 Dec 20, 2011
Japanese to English translations [PRO]
Bus/Financial - Investment / Securities
Japanese term or phrase: ウォーターフォール変更事由
Is anyone familiar with the term ウォーターフォール変更事由? I am definitely missing something here.
Robin Boyd
Australia
Local time: 04:13
grounds for (or reasons for) the change in waterfall (cash flow) distribution
Explanation:
http://www.exbuzzwords.com/main/keyword.asp?main_key=3088
ウォーターフォールとは、プロジェクトファイナンスの実行時などにおいて、キャッシュフローの充当順位を定めたもの。

http://www.aicapital.co.jp/news_publication/newsletter/pdf/n...
Ⅳ. <用語> ウォーターフォール(Waterfall)
プライベート・エクイティ投資は10年超の長期に渡る運用であり、流動性も低い。そのため、GPに資金を委託しているLPにとっては、運用資金を早い段階でGPから回収することは運用戦略上の大切なポイントである。一方、GPにとっても、案件を成功させた投資担当者に報酬を還元し、チームのモチベーションを維持しながらファンドを運用していくために、早い段階で成功報酬を確保する必要がある。
このように、利害が相反するLP:GP間において、投資先から回収した資金をどのような順番で分配していくかを詳細に規定したものを上流から下流に流れる滝になぞらえてウォーターフォール(Waterfall)と呼ぶ。

http://www.excelforum.com/excel-general/507000-waterfall-cas...

http://www.pcreview.co.uk/forums/waterfall-cashflow-distribu...

http://www.finance30.com/forum/topics/1987892:Topic:1646?com...
waterfall distribution

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Note added at 2 hrs (2011-12-20 04:06:28 GMT)
--------------------------------------------------

http://www.financeglossary.net/definition/3610-Waterfall
What is it? The contractual distribution of principal and interest cash flows in a multi-tranche security such as an ABS, CMO or CDO. The contractually specified allocation of cash to debt holders and other parties. The priority of payments to holders of different classes of securities created from a securitization.
Selected response from:

Y. K.
Local time: 04:13
Grading comment
Thanks. I was 90% of the way there, but I couldn't come up with a concise phrase that worked in the context. You really helped me out.

I am about to post another one. If you have a minute to look at it, I would be very grateful.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2grounds for (or reasons for) the change in waterfall (cash flow) distribution
Y. K.
Summary of reference entries provided
FYI
cinefil

  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
grounds for (or reasons for) the change in waterfall (cash flow) distribution


Explanation:
http://www.exbuzzwords.com/main/keyword.asp?main_key=3088
ウォーターフォールとは、プロジェクトファイナンスの実行時などにおいて、キャッシュフローの充当順位を定めたもの。

http://www.aicapital.co.jp/news_publication/newsletter/pdf/n...
Ⅳ. <用語> ウォーターフォール(Waterfall)
プライベート・エクイティ投資は10年超の長期に渡る運用であり、流動性も低い。そのため、GPに資金を委託しているLPにとっては、運用資金を早い段階でGPから回収することは運用戦略上の大切なポイントである。一方、GPにとっても、案件を成功させた投資担当者に報酬を還元し、チームのモチベーションを維持しながらファンドを運用していくために、早い段階で成功報酬を確保する必要がある。
このように、利害が相反するLP:GP間において、投資先から回収した資金をどのような順番で分配していくかを詳細に規定したものを上流から下流に流れる滝になぞらえてウォーターフォール(Waterfall)と呼ぶ。

http://www.excelforum.com/excel-general/507000-waterfall-cas...

http://www.pcreview.co.uk/forums/waterfall-cashflow-distribu...

http://www.finance30.com/forum/topics/1987892:Topic:1646?com...
waterfall distribution

--------------------------------------------------
Note added at 2 hrs (2011-12-20 04:06:28 GMT)
--------------------------------------------------

http://www.financeglossary.net/definition/3610-Waterfall
What is it? The contractual distribution of principal and interest cash flows in a multi-tranche security such as an ABS, CMO or CDO. The contractually specified allocation of cash to debt holders and other parties. The priority of payments to holders of different classes of securities created from a securitization.


Y. K.
Local time: 04:13
Native speaker of: Native in JapaneseJapanese
PRO pts in category: 8
Grading comment
Thanks. I was 90% of the way there, but I couldn't come up with a concise phrase that worked in the context. You really helped me out.

I am about to post another one. If you have a minute to look at it, I would be very grateful.

Peer comments on this answer (and responses from the answerer)
agree  Pierrick Jaouen, CFA: cash flow distribution OR waterfall
2 hrs
  -> Thank you

agree  MariyaN (X)
14 hrs
  -> Thank you
Login to enter a peer comment (or grade)




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