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squaring off

Arabic translation: تسوية

12:21 Oct 5, 2020
English to Arabic translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: squaring off
This leaves no doubt in our mind that the transaction was between two persons i.e. buyer and seller through medium of NSEL. No doubt something has gone wrong somewhere in these transactions and at the end, when a show cause notice came to be issued to the NSEL by the Central Government, it was on the basis that the squaring off did not take place on the same day and all outstanding positions of the trade at the end of the day did not result into delivery. After 31st July 2013, 24 sellers and their brokers who had entered into reverse trades on T+2 date and received monies thereunder failed to honor their commitment of squaring off their position by buying back the commodities on T+25 date. As a result, 148 buyers and brokers could not receive monies on their open positions due to defaults committed by 24 sellers and their brokers. This was noted as a violation of the exemption conferred on the NSEL and the exemption from forward contracts of one day duration for sell and purchase of commodities traded on the NSEL came to be withdrawn. Resultantly, the NSEL was not in a position to settle the accounts and was required to dwindle on its activity.
aya omar
Egypt
Local time: 02:09
Arabic translation:تسوية
Explanation:
https://economictimes.indiatimes.com/definition/squaring-off
Definition of 'Squaring Off'

Definition: Squaring off is a trading style used by investors/traders mostly in day trading, in which a trader buys or sells a particular quantity of an asset (mostly stocks) and later in the day reverses the transaction, in the hope of earning a profit (price difference net of broker charges and tax).

Description: For example: Person A buys 100 shares of Reliance from the BSE Sensex through a broker for a price or Rs 10 per share. Later in the day, Person A sells all the shares for Rs 12 per share and by paying broker charges of Rs 10. The net profit A earns is Rs (200-10)=Rs 190.

Therefore, the trader has basically squared off his position.
Selected response from:

Hassan Achahbar
Morocco
Local time: 00:09
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1تسوية
Hassan Achahbar
4إغلاق التداول
S.J


  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
تسوية


Explanation:
https://economictimes.indiatimes.com/definition/squaring-off
Definition of 'Squaring Off'

Definition: Squaring off is a trading style used by investors/traders mostly in day trading, in which a trader buys or sells a particular quantity of an asset (mostly stocks) and later in the day reverses the transaction, in the hope of earning a profit (price difference net of broker charges and tax).

Description: For example: Person A buys 100 shares of Reliance from the BSE Sensex through a broker for a price or Rs 10 per share. Later in the day, Person A sells all the shares for Rs 12 per share and by paying broker charges of Rs 10. The net profit A earns is Rs (200-10)=Rs 190.

Therefore, the trader has basically squared off his position.

Hassan Achahbar
Morocco
Local time: 00:09
Specializes in field
Native speaker of: Arabic
PRO pts in category: 108

Peer comments on this answer (and responses from the answerer)
agree  Sajad Neisi
1 hr
  -> شكرا جزيلا
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
إغلاق التداول


Explanation:
(إغلاق المركز المالي سواء كان بالشراء أو البيع (عكس العملية الأولى
https://www.adigitalblogger.com/intraday-trading/what-is-squ...
https://en.wikipedia.org/wiki/Position_(finance)

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Note added at 3 hrs (2020-10-05 16:06:10 GMT)
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https://ara.proz.com/kudoz/english-to-arabic/finance-general...

S.J
Canada
Local time: 19:09
Specializes in field
Native speaker of: Native in ArabicArabic, Native in FrenchFrench
PRO pts in category: 32
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