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hors tabacs

English translation: CPI excluding tobacco

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05:31 Apr 2, 2007
French to English translations [PRO]
Bus/Financial - Finance (general) / risk analysis / management
French term or phrase: hors tabacs
L'évolution des tarifs de péages étant fixée par référence à l'évolution de l'indice annuel des prix hors tabacs, le Groupe supporte un risque lié à une évolution à la baisse de l'inflation. Cette exposition est en partie couverte par la mise en place en 2005 de 2 swaps de revenus bénéficiant de la qualification comptable de "cashflow hedge".
jyxxer
Australia
Local time: 02:48
English translation:CPI excluding tobacco
Explanation:
From Pimco's guide to inflation-linked bonds
http://www.pimco.com/LeftNav/Bond Basics/2006/Guide to Globa...

France first began issuing bonds tied to the national Consumer Price Index (excluding tobacco) in September 1998. In 2001 France became the first country to offer bonds tied to euro zone inflation after issuing debt tied to the Euro Area Harmonised CPI, a weighted average of CPI indices from the then-12 euro-area countries.
Selected response from:

Sylvia Smith
Local time: 18:48
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2CPI excluding tobaccoSylvia Smith


  

Answers


38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
CPI excluding tobacco


Explanation:
From Pimco's guide to inflation-linked bonds
http://www.pimco.com/LeftNav/Bond Basics/2006/Guide to Globa...

France first began issuing bonds tied to the national Consumer Price Index (excluding tobacco) in September 1998. In 2001 France became the first country to offer bonds tied to euro zone inflation after issuing debt tied to the Euro Area Harmonised CPI, a weighted average of CPI indices from the then-12 euro-area countries.

Sylvia Smith
Local time: 18:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 214
Notes to answerer
Asker: Thanx, Sylvia. I just didn't get the tobacco thing.


Peer comments on this answer (and responses from the answerer)
agree  Tony M: Yup!
2 hrs
  -> thank you Tony!

agree  cjohnstone
6 hrs
  -> thank you Catherine!
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Non-PRO (1): juliebarba


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