Oct 7, 2016 13:32
7 yrs ago
17 viewers *
Spanish term

en el margen

Spanish to English Bus/Financial Finance (general) Economics
I would like to take advantage of your collective knowledge to clarify this concept as well as to translate it. It crops up quite frequently to describe increases in amounts such as:

"en los últimos meses continuó verificándose una clara expansión relativa de las transferencias bancarias inmediatas en el margen, tanto en términos de cantidades como de valores" or "Todos los grupos de bancos redujeron la concentración de sus depósitos en el margen"

It is not the obvious meanings of "an increase in profit margin" for example, or "margin requirements"

I can't see what it adds to the statement, and I can't go in blithely translating it as "in the margin" without at least knowing what it means.

Thank you in anticipation!
Proposed translations (English)
3 +1 on/to the margin / [margin deposits]
2 on balance

Discussion

Robert Carter Oct 11, 2016:
@Pat I had thought about the idea of "margen" as referring to a "period", according to the DRAE entry:
4. m. Ocasión, oportunidad, holgura o espacio para un acto o suceso.
http://dle.rae.es/?id=OOa0UjW
and indeed it could be, but I don't think that's the case. It seems much more likely to be talking about "margin deposits" in my view, especially since it mentions "concentración de sus depósitos".

Syntactically, at least, it doesn't appear to mean "marginally", since that would be "al margen", and it would need some kind of comparative, wouldn't it? For example "al margen [de algo]".

Again, here's what the DRAE has:
al margen
1. loc. adv. U. para indicar que alguien o algo no tiene intervención en el asunto de que se trata. Dejar, estar, quedar al margen DE un asunto.


Not at all sure about this one, but I'm still inclined to go with my original answer, as it at least has some grounding in the original text as well as banking practices, so they couldn't really fault you for using it.
patinba (asker) Oct 7, 2016:
@Robert Thanks for your usual hard work, but it is simpler than that. The text in this instance is about banking sector performance compared with previous periods. The figures for various activities are either higher or lower, or show ups and downs "en el margen". Now that I think about it "marginally" would fit. Could that be what they mean?

Proposed translations

+1
3 hrs

on/to the margin / [margin deposits]

Not too sure of your context here Pat, and I don't claim to fully understand how the term is used correctly, but this would seem a sensible fit here. Apparently, banks and other financial institutions transfer funds, securities, etc., as collateral to accounts called "margin accounts" for various purposes.
You might also want to try rearranging your target text to use "margin deposits" instead, as I feel a bit iffy about on/in/to the margin, after having researched those combinations.

Margin (finance)
In finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty. This risk can arise if the holder has done any of the following:

Borrowed cash from the counterparty to buy financial instruments,
Sold financial instruments short, or
Entered into a derivative contract.
The collateral for a margin account can be the cash deposited in the account or securities provided, and represents the funds available to the account holder for further share trading. On United States futures exchanges, margins were formerly called performance bonds. Most of the exchanges today use SPAN ("Standard Portfolio Analysis of Risk") methodology, which was developed by the Chicago Mercantile Exchange in 1988, for calculating margins for options and futures.

https://en.wikipedia.org/wiki/Margin_(finance)

A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (also called "margin deposits"), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms, and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit. Also, it acts as a clearing firm.
https://en.wikipedia.org/wiki/Clearing_house_(finance)

Forex trading is usually conducted with small deposits on the margin. This is useful since it gives the trader the opportunity to exploit the foreign exchange movements.
http://www.forexworker.net/en/terminology_spread_pips_more.h...

As we shall demonstrate, when s falls below a critical level, a second bank will entry [sic] and both banks will compete with each other for deposits on the margin.
https://www.researchgate.net/publication/228224729_Deposit_M...

§ 242.404 Type, form and use of margin.
(a) When margin is required.
Margin is required to be deposited whenever the required margin for security futures and related positions in an account is not satisfied by the equity in the account, subject to adjustment under paragraph (c) of this section.

https://www.law.cornell.edu/cfr/text/17/242.404
Peer comment(s):

agree writeaway
3 days 5 hrs
Thanks, writeaway.
Something went wrong...
6 hrs

on balance

rather than: peripherally, in marginal terms or on the border or 'bottom' line.....

I do not know whether we are parsing this term (idiomatic expression) correctly, so whether it refers to further back than transferencias bancarias inmediatas and sus depósitos to the una clara expansión relativa.... & la concentración...
Example sentence:

A concept employed constantly in microeconomic theory (and quite frequently in macroeconomic theory as well) is that of the marginal change in some economic variable (such as quantity of a good produced or consumed)

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