French: caution gagisteEnglish translation: surety bond 
KudoZ The KudoZ network provides a framework for translators ... More  |
|
French to English translations [PRO]
Bus/Financial - Investment / Securities / investment banking | | French term or phrase: caution gagiste | Context: refinancing of a securities portfolio.
Wording: "Caution gagiste de X, c'est à dire cuation en bonne et due forme de X en faveur de Y pour le montant autorisé du crédit et affectation en gage d'un nantissement d'actions PPR, initialement à hauteur de 10% du montant de crédit autorisé." |
| | | surety bond/surety guarantee bond | Explanation:
Does this seem like it?
"Some owners/lenders mistakenly believe that a Fund Control Agreement is an alternative guarantee form. Fund control merely employs an independent third party to disburse the construction funds to the various trade contractors and suppliers on a given project. By marshalling the contract funds and disbursing them pursuant to approved payment requests, it mitigates the possibility of a payment bond type claim. It does not, however, guarantee that the project will be built per plans, on time, within budget, and that all bills will be paid. The fee for this type service is similar to the premium for a surety bond but without any of the benefits that a surety guarantee bond provides." |
| Selected response from:
 Parrot
Spain
| Note from asker to answerer| 4 KudoZ points were awarded for this answer |
|
19 mins confidence:   peer agreement (net): +1 |
| surety bond/surety guarantee bond
Explanation:
Does this seem like it?
"Some owners/lenders mistakenly believe that a Fund Control Agreement is an alternative guarantee form. Fund control merely employs an independent third party to disburse the construction funds to the various trade contractors and suppliers on a given project. By marshalling the contract funds and disbursing them pursuant to approved payment requests, it mitigates the possibility of a payment bond type claim. It does not, however, guarantee that the project will be built per plans, on time, within budget, and that all bills will be paid. The fee for this type service is similar to the premium for a surety bond but without any of the benefits that a surety guarantee bond provides."
| Parrot
Spain
Native speaker of:  English
PRO pts in category: 20
|
|
| | Login to enter a peer comment (or grade) |
Return to KudoZ list
| |
The translation workplace 
