"when issued" market

Italian translation: mercato "se e quando emesso"

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:"when issued" market
Italian translation:mercato "se e quando emesso"
Entered by: Oscar Romagnone

01:38 Nov 19, 2007
English to Italian translations [PRO]
Bus/Financial - Finance (general) / Exchange/stock market
English term or phrase: "when issued" market
It is used as a synonym of "grey market", a market where equities and bonds are traded before they are issued.
Francesco D'Arcangeli
Italy
Local time: 19:11
mercato "se e quando emesso"
Explanation:
GREY MARKET - Mercato grigio

È un mercato non ufficiale, che sfugge al controllo di qualsiasi autorità. Agisce alla condizione "se e quando emesso" nell'intervallo di tempo che passa fra il primo giorno di un'emissione obbligazionaria e il momento in cui verrà fatto il primo prezzo sul mercato ufficiale.

Domaine(s) : - finance
anglais

when-issued trading

Note(s) :
A when-issued treasury bill is a contract either to purchase or to sell the treasury bills that are to be auctioned at the next weekly tender. For example, the when-issued market allows an investor to acquire a position before the treasury bill offering for an assured amount and at an assured rate, a course that may be preferred to waiting for the auction itself or until after the auction. The when-issued market also allows a participant to create a short position by selling the bills before they have been auctioned. If, for example, an investment dealer is concerned about the size of its existing treasury bill inventoryor its anticipated purchases at the coming auction, it could sell when-issued bills as protection. Any gains or losses on this transaction resulting from interest rate movements would then offset losses or gains realized from its other bill positions.

Selected response from:

Oscar Romagnone
Italy
Local time: 19:11
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1all'emissione
Valentina Diani
4mercato "se e quando emesso"
Oscar Romagnone


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
mercato "se e quando emesso"


Explanation:
GREY MARKET - Mercato grigio

È un mercato non ufficiale, che sfugge al controllo di qualsiasi autorità. Agisce alla condizione "se e quando emesso" nell'intervallo di tempo che passa fra il primo giorno di un'emissione obbligazionaria e il momento in cui verrà fatto il primo prezzo sul mercato ufficiale.

Domaine(s) : - finance
anglais

when-issued trading

Note(s) :
A when-issued treasury bill is a contract either to purchase or to sell the treasury bills that are to be auctioned at the next weekly tender. For example, the when-issued market allows an investor to acquire a position before the treasury bill offering for an assured amount and at an assured rate, a course that may be preferred to waiting for the auction itself or until after the auction. The when-issued market also allows a participant to create a short position by selling the bills before they have been auctioned. If, for example, an investment dealer is concerned about the size of its existing treasury bill inventoryor its anticipated purchases at the coming auction, it could sell when-issued bills as protection. Any gains or losses on this transaction resulting from interest rate movements would then offset losses or gains realized from its other bill positions.




    Reference: http://www.performancetrading.it/Glossario/Ge.htm
    Reference: http://www.granddictionnaire.com/btml/fra/r_motclef/index102...
Oscar Romagnone
Italy
Local time: 19:11
Works in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 128
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
all'emissione


Explanation:
Nel linguaggio delle borse valori statunitensi, indica la pratica di trattare titoli su una base nuova, come ad esempio in occasione di un frazionamento azionario, appena tale base viene autorizzata e quindi prima che abbia luogo l'effettiva emissione delle nuove azioni.


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Note added at 7 hrs (2007-11-19 08:39:05 GMT)
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l'ho trovato sul picchi economics and business

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Note added at 7 hrs (2007-11-19 08:46:28 GMT)
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potresti provare a formulare una frase tipo: mercato dei titoli con condizioni "when issued" (quando emessi/all'emissione),
anche sullo IATE spiega che si tratta di un titolo venduto prima dell sua emissione...
HTH!

Valentina Diani
Italy
Local time: 19:11
Native speaker of: Native in ItalianItalian

Peer comments on this answer (and responses from the answerer)
agree  Angie Garbarino
518 days
  -> thanks!
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