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Petusek Posted 14 years ago
Business & Finance
"netting" or "mutual offsets"
Hello,
Is there any difference between the two (i.e. netting and mutual offsets) or are they synonymous?
Context:
"...
The Moldovan government also will target an increase in excise taxes on diesel fuel and gasoline, a substantial reduction of netting operations or “mutual offsets,” and will strictly refrain from issuance of government guarantees, in recognition of the difficult experience with called guarantees and the current difficult financial circumstances.
..."
By the way, why is the expression marked by inverted commas in the sample?
Many thanks for any help!
Best,
P,
Is there any difference between the two (i.e. netting and mutual offsets) or are they synonymous?
Context:
"...
The Moldovan government also will target an increase in excise taxes on diesel fuel and gasoline, a substantial reduction of netting operations or “mutual offsets,” and will strictly refrain from issuance of government guarantees, in recognition of the difficult experience with called guarantees and the current difficult financial circumstances.
..."
By the way, why is the expression marked by inverted commas in the sample?
Many thanks for any help!
Best,
P,
Top answer
Hi Petusek, "netting operations" and "mutual offsets" are the same thing. I think they have used the inverted commas to mark the fact that this is an explanation or alternative term for "netting operations". I don't know why it is in a bold font though.
- Hi Petusek, "netting operations" and "mutual offsets" are the same thing.
- I think they have used the inverted commas to mark the fact that this is an explanation or alternative term for "netting operations".
- I don't know why it is in a bold font though.
- Best wishes Mo For information, I worked in banking for over 20 years and now translate financial and legal documents.
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2 Answers
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Hi Petusek, "netting operations" and "mutual offsets" are the same thing. I think they have used the inverted commas to mark the fact that this is an explanation or alternative term for "netting operations". I don't know why it is in a bold font though.
Best wishes
Mo
For information, I worked in banking for over 20 years and now translate financial and legal documents.
Best wishes
Mo
For information, I worked in banking for over 20 years and now translate financial and legal documents.
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Thanks a lot!
As to the bold font, I should have mentioned it's mine (the original used the inverted commas only). Sorry for the confusion. I must have forgotten to do so.
Have a great Saturday!
P.
P.S.: I don't normally translate, but, from time to time, some friends or colleagues of mine ask me for help, you know...
I've never done business or financial En
As to the bold font, I should have mentioned it's mine (the original used the inverted commas only). Sorry for the confusion. I must have forgotten to do so.
Have a great Saturday!
P.
P.S.: I don't normally translate, but, from time to time, some friends or colleagues of mine ask me for help, you know...
I've never done business or financial En
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