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elect shares

French translation: Pls see explanation

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09:16 Aug 14, 2006
English to French translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: elect shares
"Elect" is used here as a descriptive/adjective, not a verb. The context is: "A portion of the proceeds of the Elect Shares will be invested in the zero-coupon US Treasury oblgations held by the par value protection trust described below" and "Issue Price: 100% for the Elect Shares with Optional Principle Protection"
Priscilla Whitaker
France
Local time: 09:20
French translation:Pls see explanation
Explanation:
Hi Priscilla

I have just asked a US/French lawyer I work with and he has never heard of "elect" shares. The capitalisation makes me wonder whether Elect is the name of a company or of a class of shares particular to the issuing company. I guess this should be evident from the rest of the text, but maybe worth asking your client?

Good luck!

Paula

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Note added at 1 day6 hrs (2006-08-15 15:40:33 GMT) Post-grading
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That's very nice of you, Priscilla. Thanks! It's interesting looking backwards (English to French) to realise that sometimes, even in our own language, we cannot get to the bottom of obscure draftsmanship.
Selected response from:

Paula McMullan
Local time: 08:20
Grading comment
Thanks so much, Paula - you were the only one who gave it a shot! I sent a note to the client explaining that to the best of the translation world's understanding, Elect Shares were shares hypothetically held, uncountable until purchased... Can't give full points, since we're both still in the dark, but happy to give appreciation points! Thank you again. PW
2 KudoZ points were awarded for this answer

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Summary of answers provided
2Pls see explanationPaula McMullan


Discussion entries: 1





  

Answers


1 day4 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
Pls see explanation


Explanation:
Hi Priscilla

I have just asked a US/French lawyer I work with and he has never heard of "elect" shares. The capitalisation makes me wonder whether Elect is the name of a company or of a class of shares particular to the issuing company. I guess this should be evident from the rest of the text, but maybe worth asking your client?

Good luck!

Paula

--------------------------------------------------
Note added at 1 day6 hrs (2006-08-15 15:40:33 GMT) Post-grading
--------------------------------------------------

That's very nice of you, Priscilla. Thanks! It's interesting looking backwards (English to French) to realise that sometimes, even in our own language, we cannot get to the bottom of obscure draftsmanship.

Paula McMullan
Local time: 08:20
Does not meet criteria
Works in field
Native speaker of: English
PRO pts in category: 2
Grading comment
Thanks so much, Paula - you were the only one who gave it a shot! I sent a note to the client explaining that to the best of the translation world's understanding, Elect Shares were shares hypothetically held, uncountable until purchased... Can't give full points, since we're both still in the dark, but happy to give appreciation points! Thank you again. PW
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