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Freelance translator and/or interpreter, Verified site user
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German to English: MBA dissertation - risk management General field: Bus/Financial Detailed field: Management
Source text - German - Liquidity Risk
Wirksamste Methoden gegen Liquiditätsrisiken im täglichen Geschäft sind die sorgfältige Liquiditätsplanung/ Cash Management, die Diversifikation der Produkt- und Kundenstruktur sowie effektives Forderungsmanagement. Stabile betriebliche Prozesse sind eine weitere Säule, die gegen Fertigungsstörungen und hieraus resultierende Liquiditätsstörungen schützt. Da über VaR belastbare Aussagen über das typische Liquiditätsrisiko gewonnen werden können, gehört zu einem verantwortlichen Liquiditätsmanagement auch, stets nach den Aussagen des VaR angepasste Liquiditätsreserven vorzuhalten. Notwendig ist weiter Fristenkongruenz der vereinbarten Zahlungsziele gegenüber Kunden und Lieferanten.
Teilweise ist eine Versicherung gegen Produktionsstörungen nach Schadensereignissen möglich (Brand, Betriebsstillstand) und angemessen. Gegen eine Bveschlechterung des Kreditratings ist nur durch langfristig solide Bilanz- und Finanzpolitik sowie durch offene, konservative Kommunikation mit den Banken und Ratingagenturen vorzubeugen.
Liquiditätsrisiken aus der Bankfinanzierung sind durch Finazderivate zu sichern, wie Swap, Cap, Forward- und Future- contracts.
Translation - English - Liquidity Risk
In day-to-day business, the most efficient methods against liquidity risks are thorough liquidity planning / cash management, diversification of customer and product structure and efficient claim management. Reliable operational processes are a further pillar for protection against manufacturing disruption and resulting liquidity problems. As reliable information on the typical liquidity risk can be gained by VaR, it is part of a responsible liquidity management to always hold reserves of liquidity adjusted to the information of VaR. Furthermore, it is necessary to watch term congruency between payment targets agreed with customers and suppliers.
Partly, insurance against production disruption from occurrence of damage (fire, production stop) is possible and adequate. Prophylactic measures against a deterioration of credit rating are only possible by way of long term sound balance sheet and finance policy and through open conservative communication with banks and rating agencies.
Liquidity risks from bank financing should be covered by financial derivatives such as Swap, Cap, Forward and Future contracts.
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Experience
Years of experience: 23. Registered at ProZ.com: Aug 2010.
Native tongue: German,
grew up in a Dutch speaking environment,
passed M.A. in French, and translator's exam in English.
Has lived in an English speaking environment for over 10 years, and taught the English and French language to adults (businesses) and children for 25 years.
Keywords: photovoltaics, waste management, MBA translation
Expertise