In Financial environments what does "Asiento en Cámara" mean?

Question

In Financial environments what does "Asiento en Cámara" mean?

To give a little more information the sentence is:

"La tarifa mínima por concepto de Asiento en Cámara para las operaciones de estos mercados, será......."

I believe it means that the transaction goes through the Chamber and for this of course there is a charge for the service.

What I am not sure about is what the correct English phrase is for it.

Can someone point me in the right drection for this please?

Also, if there is a good financial translation dictionary that has this type of phrase in it, it owuld be great to know of it.

Many thanks.

Answer 1

In financial it means nothing .

Answer 2

In Financial environments what does "Asiento en Cámara" mean? Wouldn't it just be A Seat in the Chamber (referring to the Financial Board or whatever it is)... like Kwetmore said? then "La tarifa mínima por concepto = that could just be 'the minimum fee per entry'

I think she has the context. It must be per entry like a submission for their consideration - nizhoni1, Jul 11, 2010

I tried hard to find something but..... - margaretbl, Jul 11, 2010

Answer 3

No, it's not a fee to be a member. It really seems to be a charge for passing a transaction through the Chamber, a sort of cimmission if you like for putting up guarantees and the like. It happens on each transaction....

Does nobody know if there is an English expression for this??

Answer 4

Literally a seat in the chamber or better translated Board Member. Sounds like they're charging a fee to become a member.

Answer 5

por el concepto de Asiento (For the concept of the place)