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tied agents

French translation: agent lié

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06:05 Aug 29, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: tied agents
This is in a list of professions covered by legislation against money laundering (investment brokers, accountants etc)
M Lalevee
French translation:agent lié
Explanation:
A tied agent (a GB understanding thereof)is one who gives advice about and sells financial products of one company only (cf. independent financial adviser - who works for many client). It can be a salesperson from inside the company (a company representative) or an outside organisation such as a building society which decides to tie to an insurance company (appointed representative).

Some practices employed in such set-ups sometimes find they are at odds with the law as I think I am right insaying that people who take out a mortgage are often faced with a "suggested" insurance company (for cover in the event of the borrower defaulting) and little indication is given, or so the critics say, as to the choice of insurer. I think the law does not really like this sort of practice because the client is placed in a weak position...
Selected response from:

Nikki Scott-Despaigne
Local time: 13:35
Grading comment
Thanks very much for that explanation. I had never seen this expression before.
Mary Lalevée
4 KudoZ points were awarded for this answer

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Summary of answers provided
naagent lié
Nikki Scott-Despaigne
naagents liés
Yolanda Broad
naagents liésVincent MAELSTAF


  

Answers


48 mins
agents liés


Explanation:
Eurodic donne :

"tied agent" = agent (m) lié


    Reference: http://eurodic.ip.lu
Vincent MAELSTAF
Local time: 13:35
Native speaker of: Native in FrenchFrench
PRO pts in pair: 89

Peer comments on this answer (and responses from the answerer)
Nikki Scott-Despaigne
Login to enter a peer comment (or grade)

54 mins
agents liés


Explanation:
I'm basing my choice of term on its (presumed) connection with finance and/or sales. Here are a couple of entries from LGDT and Termium, on which I'm basing my choice:

From LGDT:

Domaine(s)
gestion
gestion de projet

tied activity (a)

activité liée n f (a)
normalisé par un organisme national ou international

From Termium, for *tied activity*:

French:Trade and Finance (formerly XBF)

ventes liées s

OBS - (Glossaire de termes relatifs aux pratiques commerciales restrictives, p. 54, C. 10) 650 s

From Termium, for *tied-selling*:

French:Sales (Marketing)
Merchandising Techniques

vente liée s CORRECT,FEM

vente jumelée s CORRECT,FEM
vente couplée s CORRECT,FEM

DEF - Situation qui se présente lorsqu'on exige d'un client qu'il achète un second service comme condition d'obtention d'un premier service. s


    Le grand dictionnaire terminologique
    Reference: http://www.termium.com
Yolanda Broad
United States
Local time: 07:35
Native speaker of: English
PRO pts in pair: 720

Peer comments on this answer (and responses from the answerer)
Nikki Scott-Despaigne
Login to enter a peer comment (or grade)

2 hrs
agent lié


Explanation:
A tied agent (a GB understanding thereof)is one who gives advice about and sells financial products of one company only (cf. independent financial adviser - who works for many client). It can be a salesperson from inside the company (a company representative) or an outside organisation such as a building society which decides to tie to an insurance company (appointed representative).

Some practices employed in such set-ups sometimes find they are at odds with the law as I think I am right insaying that people who take out a mortgage are often faced with a "suggested" insurance company (for cover in the event of the borrower defaulting) and little indication is given, or so the critics say, as to the choice of insurer. I think the law does not really like this sort of practice because the client is placed in a weak position...


    International Dic of Insurance & Finance, Chtd Inst of Bankers, 1999
Nikki Scott-Despaigne
Local time: 13:35
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
Grading comment
Thanks very much for that explanation. I had never seen this expression before.
Mary Lalevée
Login to enter a peer comment (or grade)




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