Jan 5, 2016 21:55
8 yrs ago
16 viewers *
Spanish term

afectacion fiduciaria

Spanish to English Other Finance (general)
En los contratos de fideicomiso, mandato o comisión se insertará en forma notoria lo dispuesto en este inciso y una declaración de la fiduciaria en el sentido de que hizo saber inequívocamente su contenido a las personas de quienes haya recibido bienes o derechos para su afectación fiduciaria;
Change log

Jan 5, 2016 22:35: Wolf617 changed "Language pair" from "English to Spanish" to "Spanish to English"

Proposed translations

+1
1 hr
Selected

Transfer of trust property / transfer of property to a trustee

Afectación fiduciaria is a financial concept possibly particular to Mexico and is the same as afectación en fideicomiso, referring to a transfer creating an interest in a beneficiary of a trust, transfer creating a beneficial interest (Javier Becerra). See the follow proz links:


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Note added at 1 hr (2016-01-05 23:39:57 GMT)
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Also another associated term: AFECTAR EN FIDEICOMISO
> to transfer (property) to a trustee, to create a trust on, to convey in trust, to assign, to transfer, to set over, to grant and convey to a trustee property in trust (Javier Becerra)
> To place in trust (Thomas West)
Peer comment(s):

agree Adrian MM. (X) : http://www.proz.com/kudoz/spanish_to_english/real_estate/702...
16 hrs
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4 KudoZ points awarded for this answer.
+1
47 mins

trust management

Trust management - Larson&Holz IT Ltd
https://www.lh-broker.com/Asset_management/
Under the trust management an investor (a private individual or an organization) delivers financial assets for trust management by a third party on preliminarily ...
[PDF]Enclosure Nr - PrivatBank
gallery.privatbank.lv/.../clients-application-for-trust-...
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agree with them, accept them to full extend and consider them obligatory for myself. Please accept my Assets for Trust management in the following composition:.
Peer comment(s):

agree Jean Shearer
13 hrs
Thank you, Jean!
neutral Seth Phillips : Not exactly. The term refers to transfer of property to a trustee
17 hrs
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1 hr
1 hr

in connection with their fiduciary responsibilities

I think "afectacion" here does not mean "management" so much as "allocation" or" transferal" or "conveyance" and "responsibilities" captures this underlying meaning, in my opinion.
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1 hr

fiduciary allocation

See the expression 'fiduciary allocation' in different contexts:
https://www.google.com/?gws_rd=ssl#q=fiduciary allocation
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1 hr

to be placed in trust

A fairly standard phrase for what "afectación fiduciaria" or "afectación en fideicomiso" means, (along with settled on, or granted to, a trust), i.e., the transfer of property or rights to a trust.

"...to the persons from whom it has received assets or rights to be placed in trust."

http://capstonetrust.net/frequently-asked-questions
https://www.banorte.com/wps/portal/empresas/Home/gobierno/te...

Interestingly, Javier Becerra (1999) mentions none of these idiomatic expressions in his definition of "afectación fiduciaria o en fideicomiso", which he provides only as "transfer of trust property, transfer of property to a trustee, transfer creating an interest in a beneficiary of a trust, transfer creating a beneficial interest". Can't be sure if he's making some kind of distinction here or if it's an oversight on his part.



Example sentence:

Assets placed in Trust can be accessed immediately on the death of the settlor....

The trust agreement identifies the beneficiaries and tells the trustee when distributions of trust property (including the original assets placed in trust, as well as the income on such assets) should be made to the beneficiaries.

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