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15:05 Dec 23, 2009
This question was closed without grading. Reason: Answer found elsewhere
French to English translations [PRO] Bus/Financial - Investment / Securities / Tax mitigation
French term or phrase:achetés-vendus
"achetés-vendus" here being essentially the sale and buy back of an investment to fix capital losses at that date.
But what is this called in english.
Is there an alternative to "Wash Sales"
Dear Phil. What more could you possibly have? Did you want to go over ground that I had already sorted out? I needed help in a particular area. And I've had it. Thank you. Yes these transactions are Bed and Breakfast or Washing deals, of course. Their intent was to take Capital Gains and losses into the right tax year on the back of a sell and buy-back. But whether these were successful or not does not come into the ambit of the translation. I was looking for a less informal way to describe it. And, again thank you. Of course this work was sent in some time ago.
So it is essentially just sales and repurchases literally, and not 'repos', 'wash sales' or 'bed and breakfasting' as those terms are used in capital market transactions.
You might consider 'repurchase' instead of 'buyback'. Although it literally is 'buying back', I think some finance people might think it is a company's 'buy-back' of its shares. No big deal.
This is a complaint by a 93 year old that his bank has landed him with capital gains for 2009. They result from sales and buy backs of his investments. Whether they are acceptable for tax purposes depends, I think, on the time between sale and buy back, but that is not the issue raised. I have used "Sale and Buy-back" finally.
I think to know if this is a 'wash sale' more context really is needed. My "Dictionnaire Pratique des Mondes de la Finance et de la Bourse" has:
"acheté-vendu ou vendu-acheté (AV or VA)
m. a simultaneous buying or selling operation for the same volume of securities with the same maturity, resulting in a single commission.
I don't think this is a 'wash sale' and certainly not a stock buyback or share repurchase.
I'm not sure an accepted English term for this even exists, which the Dictionnaire des MFB seems to confirm. A "wash sale/trade or bed and breakfasting" is an "opération fictive" in French.
I think there is something missing. How did you decide that it is the transaction you describe?
Is there something less colloquial? Phil? We have full context. In fact the absolute question might deal with a 30 day wait.
What I think is important that you pick up is the Sell first and buy back later. I think you're right, it's better stated as "vendus/achetés" Thank you.
Could we have some context please? A full sentence would be a start.
The UK English term for selling stocks one day to achiev a tax loss and buying them again the next day is "bed and breakfasting". But then that would presumably be "vendus-achetés".
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Answers
5 mins confidence:
stock buyback or share repurchase
Explanation: A stock buyback, also known as a "share repurchase", is a company's buying back its shares from the marketplace. You can think of a buyback as a company investing in itself, or using its cash to buy its own shares. The idea is simple: because a company can’t act as its own shareholder, repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced. When this happens, the relative ownership stake of each investor increases because there are fewer shares, or claims, on the earnings of the company.
Hazel Underwood Local time: 19:28 Specializes in field Native speaker of: English
4 days confidence:
guaranteed principal trades
Explanation: IF (and only if) you want to know what it's actually called in the Euronext harmonised rule book. This particular type of 'opération d'acheté-vendu' (in securities, executed by an intermediary for one client) comes under this heading ('opérations de contrepartie garanties' in French) in paragraph 4402. Note that it is *defined* as a trade by a market member: buy and sell orders for the same amount of the same security, entered into the order book at the same time.
These trades are permissible if they do not constitute a 'transactiion fictive', and the intermediary could be liable for facilitating market manipulation if they do. But establishing a tax gain or loss is a perfectly good reason, as far as the AMF is concerned: "Il est précisé à cet égard, qu'une opération initiée par un client aux fins de générer, pour un motif fiscal, une plus ou moins-value tout en conservant son actif, ne requiert pas de diligence particulière à ce titre de la part du prestataire."
From the client's standpoint, these would be "wash sales" in US tax terminology. Not illegal: they just don't count for tax purposes. Because they do seem to count in France, that's a good reason to avoid the term. Similarly, the UK "bed and breakfasting rules" are designed to prevent tax-free gains and losses -- and that is not what the client is complaining about, is it? If he did not initiate the trades in question, he would appear to have a valid beef.
rkillings United States Local time: 11:28 Specializes in field Native speaker of: English PRO pts in category: 111
Notes to answerer
Asker: Hello RK. I bow of course to your expertise in this area and wish you a very Happy New Year! I've been trying to find this phrase in use...could you offer one ?
The translation workplace 
peer agreement (net): +1
