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cobros de principal

English translation: collections of principal

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:cobros de principal
English translation:collections of principal
Entered by: Sonia Maria

10:53 Jul 27, 2022
Spanish to English translations [PRO]
Bus/Financial - Accounting / Informe fiscal
Spanish term or phrase: cobros de principal
La valoración posterior de los activos financieros del Grupo se realiza en función de su clasificación, según las siguientes categorías:
1. Activos financieros a coste amortizado: incluye activos financieros, incluso los admitidos a negociación en un mercado organizado, para los que el Grupo mantiene la inversión con el objetivo de percibir los flujos de efectivo derivados de la ejecución del contrato, y las condiciones contractuales del activo dan lugar, en fechas especificadas, a flujos de efectivo que son únicamente ***cobros de principal*** e intereses sobre el importe del principal pendiente.

Cómo se podría traducir esta expresión en este contexto?

Gracias!
Sonia Maria
Spain
collections of principal
Explanation:
Collection Account and Distribution Account Sample Clauseshttps://www.lawinsider.com › clause › collection-accou...
... Servicing Agreement of receipt all collections of principal and interest on any Mortgage Loan with respect to any REO Property received by the Servicer, ...

Untitledhttps://www.sec.gov › Archives › edgar › data › file002
The holders of the Pool-Based Certificates will be entitled to receive collections of principal and interest on the Cherryvale Mall Mortgage Loan that are ...

292q - Govinfo.govhttps://www.govinfo.gov › link › uscode
(C) collections of principal and i
Selected response from:

patinba
Argentina
Local time: 08:00
Grading comment
Thanks a lot for your help!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2collections of principal
patinba
4receipts of principal
Robert Carter


  

Answers


36 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
collections of principal


Explanation:
Collection Account and Distribution Account Sample Clauseshttps://www.lawinsider.com › clause › collection-accou...
... Servicing Agreement of receipt all collections of principal and interest on any Mortgage Loan with respect to any REO Property received by the Servicer, ...

Untitledhttps://www.sec.gov › Archives › edgar › data › file002
The holders of the Pool-Based Certificates will be entitled to receive collections of principal and interest on the Cherryvale Mall Mortgage Loan that are ...

292q - Govinfo.govhttps://www.govinfo.gov › link › uscode
(C) collections of principal and i

patinba
Argentina
Local time: 08:00
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 604
Grading comment
Thanks a lot for your help!

Peer comments on this answer (and responses from the answerer)
agree  Francois Boye: principal collections
1 hr
  -> Yes. Thank you!
agree  Luis M. Sosa
5 hrs
  -> Gracias !
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
receipts of principal


Explanation:
Although "cobros" literally means "collections", I believe in this context (money flowing in) an accountant would tend to use the term "receipts" instead (cuentas por cobrar = accounts receivable), as the text is referring to monies being received from payments of principal and interest rather than actual collections being made.

"Its primary sources of funds for lending and investments are deposits, borrowings, receipts of principal and interest payments on loans and securities, proceeds from sales of loans or securities, and maturities and calls of investment securities."
https://www.reuters.com/markets/companies/LSBK.O/

Robert Carter
Mexico
Local time: 05:00
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 60

Peer comments on this answer (and responses from the answerer)
neutral  Luis M. Sosa: 'Grupo' makes me think of some industrial holding. Your reference corresponds to some financial institution for which sus 'receipts' are a part of the core biz. The 'Grupo' has to actively collect because they do not operate checking/savings accounts.
1 hr
  -> Thanks Luis. What I mean is that I don't think the text is specifically talking about that activity of collection here (even if it is the case that they actively collect, which we don't know), but rather the cash flow from principal and interest.
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