dröjsmålsränta om diskont

English translation: Penalty interest at the Riksbank discount rate

09:54 Dec 6, 2020
Swedish to English translations [PRO]
Bus/Financial - Finance (general)
Swedish term or phrase: dröjsmålsränta om diskont
The term appears in an IOU.

I do know what a dröjsmålsränta is, but does anybody know what "om diskont" means?

Thanks
Marta Riosalido
Spain
Local time: 12:16
English translation:Penalty interest at the Riksbank discount rate
Explanation:
Diskontot was the Riksbank’s main interest rate, now replaced with the repo rate and a related reference rate which is used to set penalty interest, which is normally that rate +8pp. In this case, if there is no further text after this, it would appear that the penalty interest is at the discount rate itself. Nothing to do with discounted bills, of that I am certain.
Selected response from:

Christopher Schröder
United Kingdom
Grading comment
Thanks, Chris
4 KudoZ points were awarded for this answer



Summary of answers provided
4Penalty interest at the Riksbank discount rate
Christopher Schröder
4Interest on arrears if discounting
Paul Gratwick
3/default/ interest on arrears of the IOU discount
Adrian MM.


Discussion entries: 2





  

Answers


3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
dröjsmålsränta om diskont/ering
/default/ interest on arrears of the IOU discount


Explanation:
SPA: intereses moratorios / de mora / del descuento del pagaré / del cambial > bill of exchange...

- on the assumption that the IOU is like a note of hand that can be discounted by a bank or other third party.

Compare in German: IATE FINANCE (24) COM de Diskont COM en *discounted domestic bill*

Example sentence(s):
  • Ut­redningen har ansett att dess uppdrag inle innefattar frågan om lämplig räntefot vid diskontering och föreslår därför inle någon ändring i de ifrågavarande bestämmelserna.
  • DISCOUNTING BILLS OF EXCHANGE A bill of exchange is a document acknowledging an amount of money owed in consideration of goods received. ... Now, B is in need of money immediately, so he will present this bill to the bank for discounting.

    Reference: http://www.vskills.in/certification/blog/discounting-bill-of...
    Reference: http://data.riksdagen.se/dokument/FY03102
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Penalty interest at the Riksbank discount rate


Explanation:
Diskontot was the Riksbank’s main interest rate, now replaced with the repo rate and a related reference rate which is used to set penalty interest, which is normally that rate +8pp. In this case, if there is no further text after this, it would appear that the penalty interest is at the discount rate itself. Nothing to do with discounted bills, of that I am certain.

Christopher Schröder
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 40
Grading comment
Thanks, Chris
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23 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Interest on arrears if discounting


Explanation:
Without further contextual information, I interpret “diskont” as an unofficial abbreviation for discounting, or simply a typographical error.
However, I could be wrong!

Paul Gratwick
Sweden
Native speaker of: English
PRO pts in category: 4
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