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cargaisons "papiers"

English translation: "paper" cargoes

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21:50 Mar 8, 2007
French to English translations [PRO]
Bus/Financial - Business/Commerce (general) / hedge purchasing
French term or phrase: cargaisons "papiers"
Here is the full sentence, part of a discussion of financial methods a government agency can use for controlling energy costs:

"Sans entrer dans la mécanique complexe de ces instruments (swap, options de ventes et d’achats sur des cargaisons « papiers »), il est indiqué que le but est de préserver au mieux une enveloppe budgétaire annuelle déterminée pour un volume d’achats de produits pétroliers fixé par une couverture de prix défini à l’avance."
James Membrez
United States
Local time: 22:07
English translation:"paper" cargoes
Explanation:
Why not be equally figurative in translation. In practice, a high proportion of the physical cargoes of oil tankers is bought and sold ahead of delivery, through trading in forward contracts -- which are "paper" as opposed to goods. And these paper cargoes can be hedged with swaps and options.
Selected response from:

rkillings
United States
Local time: 19:07
Grading comment
Thank you. That confirms what I thought should be the best choice.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4"paper" cargoesrkillings


  

Answers


9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
"paper" cargoes


Explanation:
Why not be equally figurative in translation. In practice, a high proportion of the physical cargoes of oil tankers is bought and sold ahead of delivery, through trading in forward contracts -- which are "paper" as opposed to goods. And these paper cargoes can be hedged with swaps and options.

rkillings
United States
Local time: 19:07
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 278
Grading comment
Thank you. That confirms what I thought should be the best choice.
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