Glossary entry

English term or phrase:

Against the box

Arabic translation:

بضمان الصندوق

Added to glossary by Waleed Mohamed
Feb 6, 2006 09:23
18 yrs ago
5 viewers *
English term

Against the box

English to Arabic Bus/Financial Investment / Securities
The US Securities Exchange Act prohibits the Company's directors and officers and their respective affiliates (including members of their immediate families) from directly or indirectly making "short sales" of any equity security of the Company; i.e. sales of securities that seller does not own at the time or, if owned, are not delivered within 20 days after the sale (a short sale "against the box").
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What is the ِArabic meaning of "against the box"?

Noting that I have posted it as an English question but I could not reach the Arabic meaning. Here is the English Kudoz question:
http://www.proz.com/kudoz/1249086?pwd=Dkg5&gr=y#answ_2977097

Thank you

Discussion

Non-ProZ.com Feb 6, 2006:
You are right! Thanks Mr. Fuad for this important note! I was not aware of it.
Fuad Yahya Feb 6, 2006:
You have provided the asker's link to the question, which enables one to select the winning answer and award the points. The part of the link you need to post is http:www.proz.com/kudoz/1249086. The rest of the URL is not for sharing with others.

Proposed translations

+5
5 mins
Selected

بضمان الصندوق

I got this answer from Chaiban Business dictionary.
Selling short against the box = بيع على المكشوف بضمان الصندوق

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Note added at 7 mins (2006-02-06 09:30:59 GMT)
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و هو قيام مالم الأوراق المالية ببيعها على المكشوف، أي بدون تسليم الأوراق المالية التي يملكها والمودعة في صندوقه لدى بيت السمسرة، ولكن باقتراض أوراق مالية من بيت السمسرة بضمان محتويات صندوقه وتسليمها إلى المشتري، وذلك بسبب تعذر تسليمه الأوراق المالية التي يملكها أو لتحميل ربح أوراقه المالية على السنة التالية لأغراض ضريبية
Peer comment(s):

agree Shazly
19 mins
Thanks
agree Viewpoint : agree
20 mins
Thanks
agree Randa El Nomeir
1 hr
Thanks
agree Rehab Mohamed : agree
2 hrs
Thanks
agree ALMERCANA
6 hrs
Thanks
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4 KudoZ points awarded for this answer. Comment: "Thank you Ziad and all! I will think of buying Chaiban Business Dictionary!"
4 mins

ضد الصندوق

Peer comment(s):

neutral Hassan Al-Haifi (wordforword) : Please see this link http://www.sec.gov/answers/shortbox.htm where he is talking about selling securities actually owned, which is what is implied in the link you gave as well.
1 day 12 hrs
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4 mins

من الصندوق

الشرح قادم

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Note added at 20 mins (2006-02-06 09:43:38 GMT)
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against the box = من الصندوق

في علية بيع على المكشوف لورقة مالية يكون البائع من الصندوق المالك الفعلي للورقة المباعة ولكنه عاجز عن تسليمها للمشتي لذلك فإنه يقوم عن طريق وسيط باقتراض الورقة لكي يتمكن من تسليمها

المصدر: قاموس الأسواق والأوراق المالية
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3 hrs

بضمان / ضد محفظه الأوراق الماليه

الصندوق = محفظه الأوراق الماليه
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1 day 3 hrs

بيع علي المكشوف مقابل سندات الخزينة

بيع علي المكشوف مقابل سندات الخزينة
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3 hrs

ما هو ليس بحوزة الشركة بعد

This is the understood implication.

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Note added at 1 day12 hrs (2006-02-07 21:42:41 GMT)
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This link will help explain along with the link given in peer comment by wfw.

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Note added at 1 day12 hrs (2006-02-07 21:45:33 GMT)
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link is: http://www.investorwords.com/4551/shorting_against_the_box.h...
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