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Glossary entry

French term or phrase:

produits de taux de change

English translation:

exchange rate products

Added to glossary by Yolanda Broad
Mar 26, 2002 06:08
22 yrs ago
4 viewers *
French term

produits de taux

French to English Bus/Financial
· Gestion taux :
Marchés des obligations et des produits de taux internationaux.
Notations minimales des produits de taux mis en portefeuille
Proposed translations (English)
4 +2 exchange rate products
5 +2 interest rates products
5 -1 fixed-income products
3 products of rate
4 -1 exchange rate instruments

Proposed translations

+2
2 hrs
Selected

exchange rate products

It is "produits de taux de change" = exchange rate products
Peer comment(s):
agree Alexandra Fakalou
55 mins
neutral VBaby : more often than not, these products are about interest rates, not exchange rates
4 hrs
That seems very unlikely to me, Sir. The section of the document is Gestion taux It seems quite clear that they are hedging products to cover currency exchange rate fluctuations.
agree Roddy Stegemann : VBaby please check my explanation under VBaby.
5 hrs
agree Eva Blanar
2 days 19 hrs
disagree Colin Smith : You can hedge against interest rate movements just as well as currency movements (nowadays you can hedge against changes in the weather if you want!). On the whole, 'produits de taux' means products relating to interest rates rather than exchange rates.
1479 days
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4 KudoZ points awarded for this answer.
48 mins

products of rate

Something went wrong...
+2
1 hr

interest rates products

Cf références ci-dessous.
Reference:

http://exchanges.barchart.com/cme/cmeint.htm

http://www.csfb.com/fixed_income/html/fid_interest_rate_products.shtml

Peer comment(s):
agree Yakov Tomara
20 mins
agree GILLES MEUNIER
46 mins
agree Dr. Chrys Chrystello
2 hrs
disagree Steven Geller : That seems very unlikely to me, Sir. The section of the document is Gestion taux It seems quite clear that they are hedging products to cover currency exchange rate fluctuations.
4 hrs
Not so. The same sentence mentions bonds, which are interest rate-sensitive instruments, therefore it seems quite logical that the taux mentioned just after are interest rates, not exchange rates.
disagree Roddy Stegemann : There is no such think as an international rate of interest. All interest rates are by definition national in the sense that they are always denominated in a particular national currency.
5 hrs
Internationaux here just means they are referring to various national instruments. And, by the way, not all currencies are "national" -- ever heard of the Euro, a single currency for 12 different European countries?
agree cldumas (X)
6 hrs
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-1
2 hrs

fixed-income products

i.e., bonds, etc.
Peer comment(s):
disagree Steven Geller : Not in this context. The subject is exchange rate management (gestion de taux).
37 mins
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-1
7 hrs

exchange rate instruments

In finance the term "instrument" is often used to describe financial products used to achieve a particular task. As Steve suggests above, the particular task appears to be coverage against foreign exchange risk -- namely, foreign exchange risk management.
Peer comment(s):
disagree Steven Geller : Except that the French text does not say "instruments", it says "products".
15 mins
Product is often used as a more marketable term for the more technical word instrument. Unless this is a financial brochure my selection appears to be the better choice.
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