por el número de días que transcurran desde la fecha

English translation: by the number of days elapsed from the date

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Spanish term or phrase:	por el número de días que transcurran desde la fecha
English translation:	by the number of days elapsed from the date
Entered by:	Robert Forstag

04:02 Jul 27, 2010

Spanish to English translations [PRO]
Law/Patents - Law: Contract(s) / Contract // Mexico // Description of how late interest penalty is determined

Spanish term or phrase: por el número de días que transcurran desde la fecha

Does whomever drafted this contract intend to say the calculation in question should be based on a "division" by the "number of days"?

Once again, thanks.

Si Banco XYZ no hiciere entrega al Cliente de las cantidades recibidas en el plazo señalado en esta cláusula, Banco XYZ pagará al Cliente interés moratorios a razón de la conatidad que resulte aplicar, al saldo insoluto de los Derechos de Cobro de que se trate, la tasa de interés interbancaria de equilibrio a plazo de 28 días, o en caso de caer en día inhábil el término de dicho plazo, el 26, 27, ó 29 días, determinada por el Banco de México y publicada en el Diario Oficial de la Federación, el Día Hábil inmediato anterior a la fecha de pago (TIIE) más dos punto cinco puntos, por el número de días que transcurran desde la fecha en la que Banco XYZ debió haber entregado el Derecho de Cobro y la fecha en que el Cliente reciba el pago del mismo y el resultado anterior se divide entre 360, siendo éste último resultado la cantidad a pagar.

Robert Forstag KudoZ activity Questions: 1249 (1 open) (34 closed without grading) Answers: 5909 United States
Local time: 21:15

by the number of days elapsed from the date

Explanation:
I think it is the multiplication of the amount owed by the percentage rate (including the 2.5% penalty), by the number of days divided by 360

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Note added at 34 mins (2010-07-27 04:37:22 GMT)
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I think it is multiplied by the number of days. Try a sample calculation, see what happens.

Search for 360 in this document to see similar calculations:

http://www.gofutures.com/pdfs/getting_started_interest_rates...

Selected response from:

David Russi
United States
Local time: 19:15

Grading comment

And, David, thanks once again. Thanks also to Cinnamon for her useful comment.
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +3

by the number of days elapsed from the date

David Russi

Discussion entries: 1

Answers

8 mins confidence:

peer agreement (net): +3

by the number of days elapsed from the date

David Russi
United States
Local time: 19:15
Native speaker of:

English,

Spanish
PRO pts in category: 182

Grading comment

And, David, thanks once again. Thanks also to Cinnamon for her useful comment.

Notes to answerer

Asker: It seems you are on the right track. But do you mean "divided by the number of days". If not, how does "number of days" fit in here? (Thanks!)

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por el número de días que transcurran desde la fecha

English translation: by the number of days elapsed from the date

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por el número de días que transcurran desde la fecha

English translation: by the number of days elapsed from the date

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