Glossary entry (derived from question below)
Jul 30, 2007 09:39
16 yrs ago
4 viewers *
English term
upfront
English to Italian
Bus/Financial
Investment / Securities
Contesto
The daily P&L, Rn,n+1, of an investment in the Benchmark Price Index is equal to:
[...]
Where Nn is the nominal amount of the CDS, DPn is the Dirty price (upfront) of a long protection / short risk position on Reference Entities included in the Benchmark Spread Index, L is the leverage (L=1, in the Benchmark Price Index case) and Cpn is the index coupon if n+1 is a coupon date or 0 otherwise.
The daily P&L, Rn,n+1, of an investment in the Benchmark Price Index is equal to:
[...]
Where Nn is the nominal amount of the CDS, DPn is the Dirty price (upfront) of a long protection / short risk position on Reference Entities included in the Benchmark Spread Index, L is the leverage (L=1, in the Benchmark Price Index case) and Cpn is the index coupon if n+1 is a coupon date or 0 otherwise.
Proposed translations
(Italian)
3 | anticipato | Francesca Pesce |
Proposed translations
13 mins
Selected
anticipato
Il senso mi sembra questo. Anche dal senso. Ciò che devi pagare subito.
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Note added at 32 mins (2007-07-30 10:11:50 GMT)
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Nel caso di "upfront value", il senso è il valore che puoi calcolare da subito. In assenza di una cedola variabile, non hai incognite sul valore atteso, e quindi si tratta del valore calcolato a monte.
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Note added at 32 mins (2007-07-30 10:11:50 GMT)
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Nel caso di "upfront value", il senso è il valore che puoi calcolare da subito. In assenza di una cedola variabile, non hai incognite sul valore atteso, e quindi si tratta del valore calcolato a monte.
4 KudoZ points awarded for this answer.
Discussion
• Entitities are eligible if they have a spread that is at least twice the average spread of the xxx Index, as determined for the next index roll, with a maximum of 1250 basis points, or an upfront of 35%.
Since xxx CDS contract trades with a fixed coupon, it has an upfront value of:
grazie
Alberto