Glossary entry

Portuguese term or phrase:

remuneração pela SELIC

English translation:

interest received (at the SELIC rate)

Added to glossary by Sonny Tissot
Jun 15, 2012 12:59
12 yrs ago
12 viewers *
Portuguese term

remuneração pela SELIC

Portuguese to English Bus/Financial Finance (general) overnight rate
Context:

...excluindo-se os rendimentos provenientes da remuneração pela SELIC e os lançamentos relacionados à execução dos projetos, feitos na Conta Contábil...
http://www.cesp.com.br/portalCesp/biblio.nsf/V03.01/PD_Ren/$file/ren2008316.pdf

Thank you

Discussion

Sonny Tissot (asker) Jun 15, 2012:
response to Martin Thank you, Martin. I like that. "interest received at the SELIC rate"
Martin Riordan Jun 15, 2012:
"... excluding interest received at the SELIC (overnight) rate..." The amount of explanation necessary depends on your target audience. "SELIC" is a well-known expression in Brazilian business and financial circles. (Official Portuguese documents tend to be rather long-winded: why use three words if you can use eight?)
Sonny Tissot (asker) Jun 15, 2012:
references http://www.proz.com/kudoz/portuguese_to_english/finance_gene...
I think that "interest" is one of the options, but the sentence above is particularly complicated, because it says "rendimentos provenientes da remuneração pela SELIC".

Proposed translations

+1
17 mins
Selected

remuneration by SELIC (at the SELIC rate)

The Sistema Especial de Liquidação e Custodia (SELIC) (Special Clearance and Escrow System) is the Brazilian Central Bank's system for performing open market operations in execution of monetary policy. The SELIC rate is the Bank's overnight rate.
Note from asker:
Thank you, Martin
Peer comment(s):

agree Daniel Tavares
2 hrs
Obrigado, Daniel!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "see the discussion entries. I think that "remuneração" here means "juros""
+2
48 mins

remuneration based on the SELIC rate

The FDMD is composed of a wide range of securities, including floating rate, fixed rate, inflation-indexed and dollar-indexed instruments (see Table 1). The LFT, whose floating rate remuneration is based on the Selic rate,

https://www.bis.org/publ/qtrpdf/r_qt0706h.pdf
Peer comment(s):

agree Daniel Tavares
3 hrs
Thanks!
agree Andrea Munhoz : It does make sense. "According to".
3 days 8 hrs
Thanks!
Something went wrong...
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