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Japanese to English translations [PRO]
Law/Patents - Law: Contract(s) / Revolving credit facility agreement | | Japanese term or phrase: 被期限前弁済貸付人 | Context:トランシェA貸付被期限前弁済貸付人
わかりやすく言うと、期限前弁済を受けるトランシェA貸付の貸付人、のことです。
It refers to a lender who offers a tranche A loan that may be repaid before maturity.
This term is one of those defined and used throughout the document. I will need to put it in a short noun phrase possibly without prepositions (e.g., of, to, for). As is the case with legalese in general, it is unlikely to be decent English.
The translation of the context will be something like a "Tranche A Loan Prepayee Lender." Is this grammatically acceptable? The "prepayee" derives from "prepay." It will be questionable since it is not a word we normally use.
Any input is appreciated. |
|  tulip bubbleKudoZ activityQuestions: 3 (none open) ( 1 closed without grading) Answers: 98
| Local time: 22:08
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| | putable loan lender | Explanation:
Putable loan: A loan where the lender has an early prepayment option.
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Note added at 2 gün4 saat (2011-11-11 00:48:43 GMT)
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Sorry, it should read: "a loan where the lender has an option to receive early reimbursement of his/her loan"
See "callable bond", "putable bond".
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Note added at 2 gün20 saat (2011-11-11 16:22:07 GMT)
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Yes, when I say "see callable/putable bond" I mean "look at the way callable/putable bonds work", because it is the same principle at work in the present case.
I think what you are describing looks like a CMO.
http://www.investopedia.com/terms/c/cmo.asp#axzz1dPhmlj1u
I also found that: "With a putable loan to member, the Bank effectively purchases a put option from the member that allows the Bank to put or extinguish the fixed-rate loan to member, which the Bank normally would exercise when interest rates increase, and the borrower may elect to enter into a new loan." on http://www.fhlb-pgh.com/annualreport2010/documents/10K-2009-...
i.e. the lender has a (nasty) option to receive early reimbursement of his/her loan in order to immediately issue another loan on better conditions (for the lender, worse for the borrower) when the market conditions so permit.
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| Selected response from:
Pierrick Jaouen, CFA
Vietnam
Local time: 10:08
| Grading comment Thank y'all so much!
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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6 hrs confidence:   Prepayable/Prepaid Loan Lender
Explanation:
上記ではいかがでしょうか。
| Benshin
Japan
Local time: 12:08
Specializes in field
Native speaker of: Japanese
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| | Notes to answerer
Asker: ご協力ありがとうございます。Prepayable が使えるかどうか考えてみます。
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13 hrs confidence: putable loan lender
Explanation:
Putable loan: A loan where the lender has an early prepayment option.
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Note added at 2 gün4 saat (2011-11-11 00:48:43 GMT)
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Sorry, it should read: "a loan where the lender has an option to receive early reimbursement of his/her loan"
See "callable bond", "putable bond".
--------------------------------------------------
Note added at 2 gün20 saat (2011-11-11 16:22:07 GMT)
--------------------------------------------------
Yes, when I say "see callable/putable bond" I mean "look at the way callable/putable bonds work", because it is the same principle at work in the present case.
I think what you are describing looks like a CMO.
http://www.investopedia.com/terms/c/cmo.asp#axzz1dPhmlj1u
I also found that: "With a putable loan to member, the Bank effectively purchases a put option from the member that allows the Bank to put or extinguish the fixed-rate loan to member, which the Bank normally would exercise when interest rates increase, and the borrower may elect to enter into a new loan." on http://www.fhlb-pgh.com/annualreport2010/documents/10K-2009-...
i.e. the lender has a (nasty) option to receive early reimbursement of his/her loan in order to immediately issue another loan on better conditions (for the lender, worse for the borrower) when the market conditions so permit.
| Pierrick Jaouen, CFA
Vietnam
Local time: 10:08
Specializes in field
Native speaker of:  English, French
PRO pts in category: 4
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| | | Notes to answerer
Asker: Thanks for your help. This loan is not about commercial paper or corporate bond. The borrower issues a note for its debt, but the lender who holds this note does not sell it in the fix income market. The debt is not intended for retail investors. So I am not sure if this kind of debt is in the scope of callable/putable bond.
Asker: With additional information and references to your answer, now it makes sense to me. It explains perfectly this syndicated loan with several tranches of debt. Thanks for doing my homework for me!
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5 days confidence:
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The translation workplace 
