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Kursværn

English translation: withdrawal penalty

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:Kursværn
English translation:withdrawal penalty
Entered by: Pernille Kienle

16:04 Jul 14, 2013
Danish to English translations [PRO]
Bus/Financial - Insurance / Annual Report
Danish term or phrase: Kursværn
This term appears in an annual report - don't think a lot of context is needed for this one. Is there a term in English that is normally used for 'kursværn' or do I have to write it out, something like 'Safeguard against exchange rate fluctuations'?

Any suggestions would be appreciated - my deadline is tonight PST - thanks!
Pernille Kienle
Canada
Local time: 15:05
withdrawal penalty
Explanation:
I'm assuming that this doesn't involve foreign currency exchange but actually an aspect of pension schemes. See the first link for the Danish explanation from Finanstilsynet and the second link for an English example involving Skandia.
Selected response from:

Charles Ek
United States
Local time: 17:05
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
4withdrawal penalty
Charles Ek
4forward cover
Sven Petersson
3(foreign) exchange hedging; (co. shares) price hedging
Adrian MM. (X)


Discussion entries: 1





  

Answers


34 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
withdrawal penalty


Explanation:
I'm assuming that this doesn't involve foreign currency exchange but actually an aspect of pension schemes. See the first link for the Danish explanation from Finanstilsynet and the second link for an English example involving Skandia.

Example sentence(s):
  • Kursværnet er en procentsats, som selskaberne trækker fra kundernes depot, hvis de for eksempel flytter deres pensionsordning til et andet selskab.

    Reference: http://www.finanstilsynet.dk/da/leksikon/kursvaern.aspx
    Reference: http://www.ipe.com/news/skandia-slaps-withdrawal-penalty-on-...
Charles Ek
United States
Local time: 17:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
Thank you!
Notes to answerer
Asker: Sounds right - thank you Charles!

Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(foreign) exchange hedging; (co. shares) price hedging


Explanation:
Depends what's being hedged: veksel or aktiekurs.




Example sentence(s):
  • Hedging is a way for a company to minimize or eliminate foreign exchange risk. Two common hedges are forwards and options. en.wikipedia.org/wiki/Foreign_exchange_hedge‎
Adrian MM. (X)
Local time: 00:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 27
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
forward cover


Explanation:
:o)

Sven Petersson
Sweden
Local time: 00:05
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in category: 10
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