Financial translation: Know its peculiarities
Financial translation is a branch within technical translation. As we have seen in previous articles on this blog, professional translation involves different specializations such as legal translation, medical translation, marketing translation, and literary translation, among many others.
Within the technical translations, there are those that share terminology, words and phrases typical of a specific profession, such as financial translation.
What is financial translation?
It is the professional translation of financial documents that are usually issued by banks, asset management agencies and companies of all kinds. Financial documentation is varied and includes annual balance sheets of a company, its profit and loss accounts, the statement of cash flows, changes in equity and the documentation generated by investment funds, among many other documents.
Its faithful translation is extremely important, since many of the companies that generate this documentation operate in different countries, therefore, their documents must be able to be interpreted in different languages by various actors such as international authorities, boards of directors, shareholders or participants of an investment fund
What types of documents require a financial translation?
Some of the documents that usually require the financial translation service to be intelligible in other languages are the following:
What are the peculiarities of financial translation?
Like other specialized translations, financial translation has its own peculiarities and requirements. Some of them are:
What characteristics should a financial translator have?
Like other specialized translations, financial translation requires certain skills from the translator related to their field of work. Therefore, it is not enough to be a professional translator and know the terminology of the world of finance. It is necessary to have extensive knowledge of the sector to be able to understand the full meaning of the documents to be translated and to be up-to-date on the current situation of international economic and financial issues.
Therefore, in order to obtain a faithful and good quality financial translation, it is essential to ensure that you hire an agency that has specialized translators who are familiar with the type of documents that need to be translated.
How can I contact a financial translator?
Worldly Translations is a translation agency with more than a decade of experience, so we know how to respond quickly and efficiently to the needs of our clients. We have specialized translators, so we assign each job to the most appropriate person to perform that task.
If you need a financial translation, contact us as we have expert translators in the world of finance who are passionate about these topics.