Glossary entry (derived from question below)
English term or phrase:
Reference Underlying
Arabic translation:
Not to be translated as it is a proprietory name.
Added to glossary by
AhmedAMS
Apr 9, 2007 12:11
17 yrs ago
3 viewers *
English term
reference underlying
English to Arabic
Other
Names (personal, company)
credit
this is a spectrum to sell certain kind of notes
"an investment is the Reference Underlying involves exposure to currencies other than the base currency of the Reference Underlying".
"an investment is the Reference Underlying involves exposure to currencies other than the base currency of the Reference Underlying".
Proposed translations
(Arabic)
| 4 | Not to be translated as it is a proprietory name. |
AhmedAMS
|
| 3 -1 | See explanation |
Alaa Zeineldine
|
Change log
Apr 14, 2007 23:25: AhmedAMS changed "Field" from "Bus/Financial" to "Other" , "Field (specific)" from "Accounting" to "Names (personal, company)"
Proposed translations
3 mins
Selected
Not to be translated as it is a proprietory name.
.
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Note added at 13 mins (2007-04-09 12:25:06 GMT) Post-grading
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You can transliterate it but follow that by the English name in square brackets. Thus, you will have kosher [halal] money.
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Note added at 13 mins (2007-04-09 12:25:06 GMT) Post-grading
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You can transliterate it but follow that by the English name in square brackets. Thus, you will have kosher [halal] money.
4 KudoZ points awarded for this answer.
Comment: "how come, it is a part of a job. It should be translated.
"
-1
31 mins
Alaa Zeineldine
Egypt
Egypt
Native in English
&
Arabic
Egypt
The best in IT ... and in Automotive
Native in: Arabic 
, English
Works in: English to Arabic, Arabic to English, English, and 1 more.
See explanation
The phrase is written in bad English, so it needs more context to discern the intended meaning. There are two possibilities:
1. The author actually meant to say "referenced below", referenced herinunder", etc.; in which case, the translation would be:
المشار إليه أدناه
المذكور أدناه
إلخ
or
2. The author meant to say "the referenced underlying **something**", such as "the referenced underlying stock", "the referenced underlying agreement", etc.; but you cannot really guess what the underlying object would be, you have to find out. The translation here would be:
الشيء الأساسي المشار إليه
الشيء الأساسي المذكور
where you replace الشيء by whatever object underlies the particular invesment instrument.
Hope this helps.
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Note added at 32 mins (2007-04-09 12:43:54 GMT) Post-grading
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hereinunder (not herinunder).
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Note added at 2 hrs (2007-04-09 14:44:40 GMT) Post-grading
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http://www.secinfo.com/dr66r.v32u.htm
It is important to reiterate that Reverse Exchangeables are not principal protected instruments. However in a falling market the Reverse Exchangeable will always outperform the referenced underlying by virtue of the coupon.
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Note added at 2 hrs (2007-04-09 14:47:41 GMT) Post-grading
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From the above note, there appears to be a convention where the term "referenced underlying" can be used without being a modified to an "object". Based on this, this would be the most likely meaning of your term.
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Note added at 2 hrs (2007-04-09 14:50:36 GMT) Post-grading
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I meant: withouth being a modifier to an object"
1. The author actually meant to say "referenced below", referenced herinunder", etc.; in which case, the translation would be:
المشار إليه أدناه
المذكور أدناه
إلخ
or
2. The author meant to say "the referenced underlying **something**", such as "the referenced underlying stock", "the referenced underlying agreement", etc.; but you cannot really guess what the underlying object would be, you have to find out. The translation here would be:
الشيء الأساسي المشار إليه
الشيء الأساسي المذكور
where you replace الشيء by whatever object underlies the particular invesment instrument.
Hope this helps.
--------------------------------------------------
Note added at 32 mins (2007-04-09 12:43:54 GMT) Post-grading
--------------------------------------------------
hereinunder (not herinunder).
--------------------------------------------------
Note added at 2 hrs (2007-04-09 14:44:40 GMT) Post-grading
--------------------------------------------------
http://www.secinfo.com/dr66r.v32u.htm
It is important to reiterate that Reverse Exchangeables are not principal protected instruments. However in a falling market the Reverse Exchangeable will always outperform the referenced underlying by virtue of the coupon.
--------------------------------------------------
Note added at 2 hrs (2007-04-09 14:47:41 GMT) Post-grading
--------------------------------------------------
From the above note, there appears to be a convention where the term "referenced underlying" can be used without being a modified to an "object". Based on this, this would be the most likely meaning of your term.
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Note added at 2 hrs (2007-04-09 14:50:36 GMT) Post-grading
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I meant: withouth being a modifier to an object"
Peer comment(s):
| neutral |
AhmedAMS
: But the term is capitalized. Is there really a chance for all these possibilities?
8 mins
|
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Thanks for the comment Ahmed. The English is poor enough to expect misuse of capitals, but the similarity with references like these http://www.secinfo.com/dr66r.v32u.htm is too close to ignore.
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| disagree |
selkerdany
: The terms are capitalized not because it is a poor text and they do have a very different meaning than all the ones posted here.
1 day 20 hrs
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Discussion
In finance, an underlying is an investment from which a derivative security is derived. Underlyings are invariably more common and more widely heard of than the securities derived from them. However the total market value of a derivative market may exceed the market of the underlying on which it is based.