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French to English translations [PRO]
Bus/Financial - Accounting / financial statements | | French term or phrase: créances représentatives de titres prêtés | une entrée dans les états financiers, sous la section :
État des échéances des créances et des dettes
dans la sous-section: actifs circulants
après : clients douteux ou litigieux (comme assets?)
Autres créances clients
suivi de:
personnel et comptes rattachés
receivables represented by loaned investments?
ça me semble bizarre comme expression - peut-être est-ce ma perception
(trop travaillé ce week-end ;-0) |
|  DocteurPCKudoZ activityQuestions: 692 ( 1 open) ( 2 without valid answers) ( 5 closed without grading) Answers: 2722
Canada
| | Local time: 11:44
|
| | receivables representING loaned shares | Explanation:
Not 100% sure of the vocab. but the principle is OK.
If, someone wishes to stand surety for another party (or provide collateral for themselves) but has no money, you might wish to lend that someone the resources to stand surety but not wish to divest yourself of your investments. It is always possible to lend that person your stock portfolio which they will use as surety to guarantee something.
In your accounts receivable you would therefore have an amount corresponding to the value of the shares you have loaned.
Something like that, anyway. Here's something more authoritative:
Something like that, anyway!
The Issuer may pledge up to the Maximum Number of Shares to the Counterparty to secure its delivery obligations
under the Contract (Pledged Shares). The Counterparty may subsequently borrow or rehypothecate (i.e., pledge while
retaining possession) such Pledged Shares. In addition, the Issuer may lend up to the Maximum Number of Shares to
the Counterparty (Loaned Shares). Pledged Shares that are borrowed and Loaned Shares would not be returned to the
Issuer and re-borrowed during the term of the Contract. The aggregate number of Pledged Shares borrowed from the
Issuer or rehypothecated by the Counterparty, Loaned Shares and Shares delivered by the Counterparty upon settlement
of the Contract (Settlement Shares) will in no event exceed the Maximum Number of Shares.
[…]
Contract terms could provide for physical settlement, cash settlement or net physical settlement. The Counterparty
would not use Pledged Shares, Loaned Shares or Settlement Shares to settle sales made in unregistered, dynamic
hedging transactions.
[…]
Counterparty: a person or entity (such as an investment banking firm) that is a party to a Contract with an Issuer.
The Counterparty engages in hedging transactions to hedge its exposure under the Contract.
Issuer: the issuer of the Shares that are the subject of the Contract between the Issuer and the Counterparty
Loaned Shares: shares the Issuer loans to the Counterparty at the outset of or from time to time during the term of the
Contract
www.akingump.com/docs/publication/647.pdf
Stock lending
The stock borrow-lending scheme is a standardised agreement between two parties on borrowing/lending of Danish and/or foreign shares for a period of time specified in advance.
Stock lending benefits all players in the equity market:
• Stock lending gives the lender as well as the borrower an opportunity to maximise returns and control risks
• Stock lending boosts the market liquidity and leads to sharper prices
• Stock lending supports international interest in the Danish equity market
• Stock lending means quicker and more secure settlement in connection with purchase and sale of shares
• Stock lending allows players to better react to their own expectations for the development in prices
http://www.cse.dk/kf/aktielaan?languageID=1&p_menuid=357
|
| Selected response from:
xxxBourth
Local time: 17:44
| Grading comment basé sur le reste du contexte, je pense que l'explication de Bourth se rapproche le plus - mais la réponse de Tom sera utile dans un autre document - merci à tous
4 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
|
15 mins confidence:   peer agreement (net): +1 receivables representING loaned shares
Explanation:
Not 100% sure of the vocab. but the principle is OK.
If, someone wishes to stand surety for another party (or provide collateral for themselves) but has no money, you might wish to lend that someone the resources to stand surety but not wish to divest yourself of your investments. It is always possible to lend that person your stock portfolio which they will use as surety to guarantee something.
In your accounts receivable you would therefore have an amount corresponding to the value of the shares you have loaned.
Something like that, anyway. Here's something more authoritative:
Something like that, anyway!
The Issuer may pledge up to the Maximum Number of Shares to the Counterparty to secure its delivery obligations
under the Contract (Pledged Shares). The Counterparty may subsequently borrow or rehypothecate (i.e., pledge while
retaining possession) such Pledged Shares. In addition, the Issuer may lend up to the Maximum Number of Shares to
the Counterparty (Loaned Shares). Pledged Shares that are borrowed and Loaned Shares would not be returned to the
Issuer and re-borrowed during the term of the Contract. The aggregate number of Pledged Shares borrowed from the
Issuer or rehypothecated by the Counterparty, Loaned Shares and Shares delivered by the Counterparty upon settlement
of the Contract (Settlement Shares) will in no event exceed the Maximum Number of Shares.
[…]
Contract terms could provide for physical settlement, cash settlement or net physical settlement. The Counterparty
would not use Pledged Shares, Loaned Shares or Settlement Shares to settle sales made in unregistered, dynamic
hedging transactions.
[…]
Counterparty: a person or entity (such as an investment banking firm) that is a party to a Contract with an Issuer.
The Counterparty engages in hedging transactions to hedge its exposure under the Contract.
Issuer: the issuer of the Shares that are the subject of the Contract between the Issuer and the Counterparty
Loaned Shares: shares the Issuer loans to the Counterparty at the outset of or from time to time during the term of the
Contract
www.akingump.com/docs/publication/647.pdf
Stock lending
The stock borrow-lending scheme is a standardised agreement between two parties on borrowing/lending of Danish and/or foreign shares for a period of time specified in advance.
Stock lending benefits all players in the equity market:
• Stock lending gives the lender as well as the borrower an opportunity to maximise returns and control risks
• Stock lending boosts the market liquidity and leads to sharper prices
• Stock lending supports international interest in the Danish equity market
• Stock lending means quicker and more secure settlement in connection with purchase and sale of shares
• Stock lending allows players to better react to their own expectations for the development in prices
http://www.cse.dk/kf/aktielaan?languageID=1&p_menuid=357
| xxxBourth
Local time: 17:44
Native speaker of:  English
PRO pts in category: 67
|
| | Grading comment | basé sur le reste du contexte, je pense que l'explication de Bourth se rapproche le plus - mais la réponse de Tom sera utile dans un autre document - merci à tous |
|
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