English: Under present market conditions, the difference between the fees goes to the intermediaries, and not to the issuers (see Hayes, Roger G., ‘The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs’, in Government Finance Review, 1.6.2003.
French: distribution can lower borrowing costs, de Hayes, Roger G., «Government Finance Review», 1.6.2003).
German: Die entsprechenden Differenzbeträge fallen aber nicht den Emittenten, sondern den Mittlern zu (vgl. „The path to bond market efficiency: how increased retail distribution can lower borrowing costs“, Hayes, Roger G., „Government Finance Review“, 1.6.2003).
Spanish: En las condiciones de mercado actuales, ello beneficia a los intermediarios y no a los emisores (véase «The path to bond market efficiency: how increased retail distribution can lower borrowing costs», de Roger G. Hayes, en Government Finance Review de 1.6.2003).
Italian: distribution can lower borrowing costs, di Hayes, Roger G., «Government Finance Review», 1.6.2003).
Portuguese: Nas condições de mercado actuais, a diferença entre comissões deve-se aos intermediários e não aos emitentes (ver Hayes, Roger G., «The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs», in Government Finance Review, 1.6.2003).
Dutch: Onder de huidige marktomstandigheden komt het verschil in provisies ten goede aan de intermediairs — en niet aan de emittenten (zie Roger G. Hayes, „The path to bond market efficiency: how increased retail distribution can lower borrowing costs’ ”, in: Government Finance Review, 1.6.2003).
Danish: Under de nuværende markedsforhold går forskellen mellem provisionerne til de formidlende institutioner, ikke til de udstedende institutioner (se Hayes, Roger G., »Government Finance Review«, 1.6.2003).
Swedish: Skillnaden mellan provisionerna gynnar, under nuvarande marknadsförhållanden, mellanhänderna och inte emittenterna (se The path to bond market efficiency: how increased retail distribution can lower borrowing costs, av Hayes, Roger G., ”Government Finance Review”, 1.6.2003).
Finnish: Nykyisissä markkinaolosuhteissa palkkioiden erotus menee välittäjien eikä liikkeeseenlaskijoiden hyväksi (ks. The path to bond market efficiency: how increased distribution can lower borrowing costs, Hayes, Roger G., ”Government Finance Review”, 1.6.2003).
Greek: Η διαφορά των προμηθειών, υπό τις τρέχουσες συνθήκες της αγοράς, ευνοεί τους ενδιάμεσους και όχι τους εκδότες (βλέπε The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs, του Hayes, Roger G., «Government Finance Review», 1.6.2003).
Czech: Za současných tržních podmínek rozdíl mezi poplatky plyne zprostředkovatelům, nikoli emitentům (viz Hayes, Roger G., „The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing cista“, zveřejněno v Government Finance Review, 1.6.2003).
Slovak: V rámci súčasných trhových podmienok rozdiel medzi poplatkami patrí sprostredkovateľom a nie emitentom [pozri Hayes, Roger G., The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs (Cesta k efektívnemu trhu s dlhopismi: zníženie úverových nákladov prostredníctvom zvýšenia maloobchodnej distribúcie, in Government Finance Review, 1. júna 2003)].
Polish: Różnica w prowizjach, przy aktualnych warunkach rynkowych, przynosi korzyści pośrednikom finansowym, a nie emitentom (zob. The path to bond market efficiency: how increased retail distribution can lower borrowing costs, Hayes, Roger G., „Government Finance Review”, 1.6.2003).
Hungarian: A jelenlegi piaci feltételek mellett a díjak közötti eltérés a közvetítőket, nem a kibocsátókat illeti meg (lásd: Hayes, Roger G., „The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs” (Út a kötvénypiac hatékonysága felé: hogyan mérsékelheti a megnövekedett lakossági forgalmazás a hitelfelvételi költségeket?), Government Finance Review, 2003. június 1.
Slovenian: V sedanjih tržnih pogojih razlike med nadomestili ne dobijo izdajatelji, ampak posredniki (glej Hayes, Roger G., „The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs“, v Government Finance Review, 1.6.2003.
Romanian: În baza condițiilor actuale de piață, diferența dintre comisioane merge la intermediari și nu la emitenți (a se vedea Hayes, Roger G., The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs (Calea către eficiența pieței de obligațiuni: Cum poate determina distribuția sporită cu amănuntul scăderea costurilor de creditare), în Government Finance Review, 1.6.2003.
Bulgarian: При настоящите пазарни условия разликата между таксите е в полза на посредниците, а не на емитентите (виж Hayes, Roger G., „Пътят към ефективността на пазара на облигации: Как повишеното разпространение на дребно може да намали разходите за привличане на средства“, в Government Finance Review, 1.6.2003 г.).
Estonian: Kehtivate turutingimuste juures läheb tasude vahe vahendajatele, mitte aga emitentidele (vt Hayes, Roger G. „Turutõhususe saavutamine: kuidas jaemüügi kasvu läbi alandada laenukulusid”, Government Finance Review, 1.6.2003).
Latvian: Pašreizējos tirgus apstākļos starpību starp šīm maksām sedz starpnieki, nevis emitenti (sk. Hayes, Roger G.,“The Path to Bond Market Efficiency: How increased retail distribution can lower borrowing costs”, in Government Finance Review, Government Finance Review, 1.6.2003.).
Lithuanian: distribution can lower borrowing costs, Hayes, Roger G., „Government Finance Review“, 2003 6 1).
Maltese: Id-differenzjal tal-kummissjonijiet, fil-kundizzjonijiet attwali tas-suq, huwa ta’ benefiċċju għall-intermedjari u mhux għall-issuers (ara The path to bond market efficiency: how increased retail distribution can lower borrowing costs (Il-mogħdija għall-effiċjenza tas-suq tal-bonds: kif żieda fid-distribuzzjoni retail tista’ tnaqqas l-ispejjeż tas-self), ta’ Hayes, Roger G., “Government Finance Review”, 1.6.2003).