This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Spanish to English
  3. Law: Contract(s)

Obligar cambiariamente

English translation: to obligate the National Committee to engage in foreign exchange transactions to issue...

12:42 Jun 30, 2020
Spanish to English translations [PRO]
Law: Contract(s) / Ley de la Sustentabilidad de la caña de azucar
Spanish term or phrase: Obligar cambiariamente
Obligar al Comité Nacional cambiariamente, emitir y negociar títulos de crédito y concertar las operaciones de crédito, de conformidad con lo dispuesto por las leyes y reglamentos aplicables;

"Issue securities on behalf of the National Committee" was my original translation but having second thoughts....
lopatita
English translation:to obligate the National Committee to engage in foreign exchange transactions to issue...
Explanation:
cambiariamente = in terms of foreign exchange

--------------------------------------------------
Note added at 2 hrs (2020-06-30 15:11:44 GMT)
--------------------------------------------------

https://dle.rae.es/cambiario

--------------------------------------------------
Note added at 2 hrs (2020-06-30 15:14:04 GMT)
--------------------------------------------------

https://bcrvalores.com/wps/portal/valores/web/inicio/product...
Selected response from:

Francois Boye
United States
Local time: 05:35
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1to obligate the National Committee to engage in foreign exchange transactions to issue...
Francois Boye
5to be bound by a bill of exchange
Brenda Leticia Avila Sanchez
4The National Committee shall trade, issue securities...
Rodrigo Machado
4issue securities on behalf of the National Committee
Joshua Parker
3 +1Bind the National Committee by (BrE) bill of exchange (AmE) negotiable instrument
Adrian MM.


Discussion entries: 4





  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
The National Committee shall trade, issue securities...


Explanation:
En los contratos, se puede usar "shall" para señalar las obligaciones de las partes, pienso que aquí puede aplicar.


Rodrigo Machado
Uruguay
Local time: 06:35
Specializes in field
Native speaker of: Native in SpanishSpanish
Login to enter a peer comment (or grade)

36 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
to obligate the National Committee to engage in foreign exchange transactions to issue...


Explanation:
cambiariamente = in terms of foreign exchange

--------------------------------------------------
Note added at 2 hrs (2020-06-30 15:11:44 GMT)
--------------------------------------------------

https://dle.rae.es/cambiario

--------------------------------------------------
Note added at 2 hrs (2020-06-30 15:14:04 GMT)
--------------------------------------------------

https://bcrvalores.com/wps/portal/valores/web/inicio/product...

Francois Boye
United States
Local time: 05:35
Native speaker of: Native in FrenchFrench
PRO pts in category: 68

Peer comments on this answer (and responses from the answerer)
agree  Luis M. Sosa: Source text is a bit confusing. It seems to suggest 3 types of operations, namely (1) FX, (2) issue and trade bonds and (3) borrow money; but 1 makes sense only as a prerequisite of 2 and 3.
3 hrs
  -> Thanks!
neutral  philgoddard: I'm not sure about this. Your first reference says bills of exchange.
3 hrs
  -> https://bcrvalores.com/wps/portal/valores/web/inicio/product...
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
issue securities on behalf of the National Committee


Explanation:
This is what I used, after considerable research, when this exact phrase came up in a translation I did last year.

As I understand it, "obligar cambiaramente" just means to bind XXX (in this case, the National Committee) by issuing instruments (think "letras de cambio") payable in their name.

I don't think it has anything to do with foreign currency exchange here.

Joshua Parker
Mexico
Local time: 02:35
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 24
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
(Mex.) Obligar al Comité Nacional cambiariamente
Bind the National Committee by (BrE) bill of exchange (AmE) negotiable instrument


Explanation:
cambiariamente vinculado: bound by a negotiable instrument (West).

But cambiario also has an exchange control meaning e.g. riesgos de paridad cambiaria; exchange parity risks.

El Director General; the Director General / Managing Director shall have the power and obligation to:

Bind the National Committee e.g. by making it a debtor of a bill of exchange or neg. instr., (and) to issue credit instruments and arrange credit dealings...

Also see, in the second sentence, Mexican LEY GENERAL DE TÍTULOS Y OPERACIONES DE CRÉDITO Diario Oficial de la Federación 27 de agosto de 1932 Última reforma publicada DOF 13 de junio de 2014

Example sentence(s):
  • Ley mex. de la Sustentabilidad de la caña de azucar Artículo 17.- El Director General tendrá las siguientes facultades y obligaciones
  • Artículo 101.- La aceptación de una letra de cambio obliga al aceptante a pagarla a su vencimiento, aun cuando el girador hubiere quebrado antes de la aceptación. El aceptante queda obligado cambiariamente también con el girador; pero carece de ac

    Reference: http://www.proz.com/kudoz/spanish-to-english/bus-financial/4...
    Reference: http://www.conacyt.gob.mx/cibiogem/images/cibiogem/normativi...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 278

Peer comments on this answer (and responses from the answerer)
agree  Biz_84: I think this is the right idea.
1 day 21 hrs
  -> Thx. Your surname rings a bell.. Art 101 El aceptante queda obligado cambiariamente también con el girador can only mean > remains bound under the BoE (neg. instr. in BrE is far wider), also with the drawer-
Login to enter a peer comment (or grade)

1225 days   confidence: Answerer confidence 5/5
to be bound by a bill of exchange


Explanation:
I'm a lawyer, this term in Spanish specifically refers to the obligation derived from a bill of exchange, promissory note or negotiable title, it has nothing to do with foreign exchange

Brenda Leticia Avila Sanchez
Mexico
Native speaker of: Native in SpanishSpanish
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search