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Dólar cable

English translation: blue chip swap

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Dólar cable
English translation:blue chip swap
Entered by: Vanina Guarnieri

13:00 Oct 28, 2019
Spanish to English translations [PRO]
Bus/Financial - Economics / Financial
Spanish term or phrase: Dólar cable
Una empresa compra bonos en pesos y otra los vende en T+2 contra dólares cable.
Vanina Guarnieri
Argentina
Local time: 15:27
blue chip swap
Explanation:
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.
Selected response from:

patinba
Argentina
Local time: 15:27
Grading comment
Thank you! It was very helpful :)
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1blue chip swap
patinba
4the mternational financial transactions based dollar exchange rate
Francois Boye


  

Answers


32 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
blue chip swap


Explanation:
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.


patinba
Argentina
Local time: 15:27
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 178
Grading comment
Thank you! It was very helpful :)

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: To fit the context, you would have to say "at the blue-chip swap rate".
1 hr
  -> Yes. Thank you!
neutral  Francois Boye: the concept of swap is more complex than what the definition of BCS says about it https://www.investopedia.com/terms/s/swap.asp
14 hrs
  -> As the Financial Times and Phil say it is a swap rate.
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15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
the mternational financial transactions based dollar exchange rate


Explanation:
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

Francois Boye
United States
Local time: 14:27
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 60
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