https://www.proz.com/kudoz/spanish-to-english/law-contracts/6111553-n%C3%BAmero-cib.html
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Cierre de carteras
la realización de un desarrollo inmobiliario y administración de rentas

Glossary entry

Spanish term or phrase:

CIB

English translation:

CI Banco, S.A

Added to glossary by Ana Claudia Macoretta
May 18, 2016 17:45
8 yrs ago
8 viewers *
Spanish term

Número CIB

Spanish to English Law/Patents Law: Contract(s)
"(...), Institución Banca Múltiple, en su caractér de fiduciaria del fideicomiso irrevocable para la realización de un desarrollo inmobiliario y administración de rentas CIB/XYZA, representada en este acto por el Lic. (...)"

So this is the first paragraph in an amendment agreement to a commissioning agreement (start-up of a shopping mall in Mexico), with the parties' identity details. I see from the web that a FIDUCIARIO or FIDEICOMISO IRREVOCABLE has a CIB Number, but I can't figure out what CIB stands for or refers to. Seems like a comma is missing between "rentas" and "CIB". At the moment my thought is to render CIB/XYZA as "Bearer of CIB/XYZA" (referring to the Trustee).

Que opinan?
Proposed translations (English)
3 CIB/[...]
4 BIC number
Change log

Sep 7, 2016 10:42: Ana Claudia Macoretta Created KOG entry

Discussion

Kristine Ibsen May 18, 2016:
CIB Yes, I think it's part of the abbreviation :) The numbers following would refer to the trustee or specific trust I think
neilmac May 18, 2016:
Caveat emptor IMHO both suggestions posted so far are possible. I'd check with the client if possible.
Helena Chavarria May 18, 2016:
DEUTSCHE BANK MÉXICO, S. A. is F/NUMBER
Seth Phillips (asker) May 18, 2016:
Hi Kristine Indeed CIBANCO is one representatives acting as trustee. So CIB must be CIBANCO's abbreviation, so the question is whether it is referring to a number assigned to a trustee.
Kristine Ibsen May 18, 2016:
Is the contract with Cibanco? Hi Seth is the contract with Cibanco?

Proposed translations

1 hr
Selected

CIB/[...]


Después de leer este documento de México en el que interviene CI Banco, S.A, Institución de Banca Múltiple: https://www.bmv.com.mx/docs-pub/infofidu/infofidu_629558_F00... he llegado a la conclusión de que *CIB* hace referencia al fiduciario que es CI Banco, S.A., Institución de banca múltiple (antes The Bank of New York Mellon, S.A., Institución de banca múltiple) y que para señalar en las diferentes listas aquellos fideicomisos en los que interviene CI Banco emplean la abreviatura *CIB* para referirse a este banco. Ya me dirás si esto es correcto.

Por ejemplo, en la lista de la página 6, se lee:
[…]
Fideicomiso MRP Aguascalientes CIB/2163
Fideicomiso MRP Huehuetoca CIB/2091
[…]

Aquí MPR corresponde a MRP CKD FI, sociedad de R.L. de C. V (administrador) y CIB corresponde CI Banco, S.A. (fiduciario), de conformidad con lo que se indica después en la página 7.

Por ello, coincido contigo en dejar *CIB* tal cual como está.
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4 KudoZ points awarded for this answer.
55 mins

BIC number

Now synonomous with the SWIFT identifier

What is a BIC (Bank Identifier Code)? | Experian
www.experian.co.uk/blogs/latest-thinking/bic-bank-identifie...
17 Mar 2015 - BIC until recently referred to the Bank Identifier Code, a unique code specifying a bank, and optionally a branch. ... Originally BIC was conceived to identify an address on the SWIFT inter-bank network, the name change to Business Identifier Code reflects that it now has much wider ...
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