French to English translations [PRO]
Bus/Financial - Finance (general) | | French term or phrase: compensation de créance en compte courant d’associé | Sorry this is a bit long. However, not being a finance specialist, I wasn't sure whether splitting it into two might affect the meaning.
The sentence in which it occurs is: "Augmentation du capital social par compensation de créance en compte courant d’associé de la société XXXX". It is from the minutes of a board meeting and is one of the matters on the agenda. |
|   B D FinchKudoZ activityQuestions: 438 (none open) ( 69 closed without grading) Answers: 2428
France
| | Local time: 07:15
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| | English translation:extinguishment of current account debt in return for share captial | Explanation:
Abandon de cr´eance au profit de Bureau Veritas Japan Co
Convention autoris´ee par le Conseil de surveillance du 9 d´ecembre 2004
Soci´et´es concern´ees : Bureau Veritas S.A., Bureau Veritas Japan
Autorisation d’abandon de cr´eance par Bureau Veritas S.A. au profit de Bureau Veritas Japan Co d’un montant de
4.441.747 euros et d’augmentation de capital social par compensation de cr´eance d’un montant de 213.208 euros.
Monsieur Tardan, membre du Directoire de Bureau Veritas S.A., est membre du conseil d’administration de Bureau
Veritas Japan.
http://www.euronext.com/fic/000/026/425/264258.pdf
http://ginini-groupe.com/DocGeneral/GlossaireFr.html
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Note added at 15 hrs (2008-09-19 06:25:23 GMT)
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Unfortunately I'm no financial expert either, but that's what it seems to be saying. That glossary seems quite good doesn't it, I just came across it by chance. |
| Selected response from:
Alain Pommet
Local time: 07:15
| Grading comment Thanks Alain; this was more or less what I used.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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33 mins confidence:   peer agreement (net): +2 extinguishment of current account debt in return for share captial
Explanation:
Abandon de cr´eance au profit de Bureau Veritas Japan Co
Convention autoris´ee par le Conseil de surveillance du 9 d´ecembre 2004
Soci´et´es concern´ees : Bureau Veritas S.A., Bureau Veritas Japan
Autorisation d’abandon de cr´eance par Bureau Veritas S.A. au profit de Bureau Veritas Japan Co d’un montant de
4.441.747 euros et d’augmentation de capital social par compensation de cr´eance d’un montant de 213.208 euros.
Monsieur Tardan, membre du Directoire de Bureau Veritas S.A., est membre du conseil d’administration de Bureau
Veritas Japan.
http://www.euronext.com/fic/000/026/425/264258.pdf
http://ginini-groupe.com/DocGeneral/GlossaireFr.html
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Note added at 15 hrs (2008-09-19 06:25:23 GMT)
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Unfortunately I'm no financial expert either, but that's what it seems to be saying. That glossary seems quite good doesn't it, I just came across it by chance.
| Alain Pommet
Local time: 07:15
Meets criteria
Works in field
Native speaker of:  English
PRO pts in category: 69
|
| | Grading comment | Thanks Alain; this was more or less what I used. |
| Notes to answerer
Asker: Thanks Alain. This may well be the answer. Thanks also for the very useful reference (2nd one).
Asker: Could the sentence, then, be translated as: "Increase of share capital in return for extinguishment of current account debt of the Company"?
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