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fixed rate day count fraction

French translation: la fraction d'un comptage des jours (d'un calcul des jours) à taux fixe

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06:25 Nov 27, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: fixed rate day count fraction
dans une confirmation relative à un swap de taux d'intérêt.
Aucune idée ??
Sylvie André
France
Local time: 11:57
French translation:la fraction d'un comptage des jours (d'un calcul des jours) à taux fixe
Explanation:
J'ai du joué aux détectives privés ici.
ETANT DONNE QUE :
fixed-rate : à taux fixe
day count : Il existe une convention européenne de comptage, de calucl de jours dont une fraction est l'expression d'une partie

ET QUE :
Google.com a donné beaucoup de résultats pour "day-count", et que l'EuroDicAutom m'a mis sur la piste de "day-count convention", j'ai commencé des recherches sur ces bases là qui ont porté des fruits, essentiellement dans le domaine des swaps.

Quelques extraits :

1-(http://www.sec.gov/Archives/edgar/data/842699/0001005477-97-...

Fixed Amounts:
- --------------

Fixed Rate Payer: Counterparty

Fixed Rate Payer Payment Dates, subject to adjustment in accordance
with the Modified Following Business Day Convention: January 25, April
25, July 25 and October 25 of each year prior to and including the
Termination Date, commencing with October 25, 1996.

Fixed Rate and Fixed Rate Day Count Fraction: 5.59%; Actual /360

2-(http://bondchannel.bridge.com/bp/html/glossary3.html)
Day Count Method
The method for counting the days in a month and the days in a year. The notation used is (days in a month)/(days in a year).
An issue's day-count basis specifies how to count the number of days between any two dates and how to calculate the size of an interest period when the period is a fraction of the normal coupon period.
The most common day-count types are actual/actual, actual/365, actual/365(366) (for leap years), actual/360, 30/360, and 30E/360 (European).

3-(http://www.fhsu.edu/econ/tom/Out541.html
REGARDEZ BIEN! VOTRE TERME Y EST, DANS LE PARA SUR LES SWAPS DE TAUX D'INTERET

Dr. Tom Johansen
Fort Hays State University

ECFI 541: Financial Institutions
Chapter Outlines
Modern Financial Intermediaries & Markets
by Nasser Arshadi and Gordon V. Karels
Chapter 17: Swaps
Swaps: agreement between two parties to exchange a series of cash flows over a period of time
· First widely publicized swap was between IBM and the World Bank in 1981
· Brokered by Salomon Brothers
· IBM agreed to make payments in D-Marks and Swiss Francs to the World Bank in exchange for dollars paid to IBM from the World Bank
· First currency swap
· Interest rate swaps were developed in 1982 and now constitute the largest volume of total swap transactions
Major Swap Products

Interest rate Swaps
· Fixed-to-floating-rate swaps
· counterparties agree to exchange a fixed percentage of a notional amount with a floating percentage of the same notional amount in the same currency
· the floating-rate index used commonly is the LIBOR
· Floating-to-floating-rate swaps (basis swaps)
· one party makes a series of payments based on one floating rate in exchange for payments by the counterparty based on another floating rate.
· for example, a 6-month LIBOR rate vs. a 3-month commercial paper rate, both denominated in dollars

4-(http://www.amue.org/efiles/euroframe/cliffordchance.html

The European Monetary Uinion site on changing monetary conventions

Market Conventions for the Euro
A number of leading trade associations have recommended the following market conventions for the euro:
Money markets: Day count: actual/360 Settlement: spot/two day standard Rate fixing: two days Business days: TARGET operating days Bond markets: Day count: actual/actual Settlement: T+3 Quotations: decimals Business days: TARGET operating days Coupon frequency: no recommendation between semi-annual and annual

5-(According to THIS source, there are payment day conventions and day count conventions for certain financial and money market operations and transactions :

http://www.snowgold.com/financial/dateapp.html

Day Count ConventionsWhen calculating the interest payment due on an interest rate swap, you need to know the interest rate, either fixed or floating, the nominal amount (normally fixed, but can change with time, see accreting and amortizing swaps in the Snowgold Financial Glossary), and the period over which this interest rate is to be calculated.

...ET EN PARTICULIER POUR VOUS...

The day count fraction, is the fraction of a year since the previous payment on the swap was made. A number of day count conventions exist as detailed below.
Actual/Actual, means that the numerator is the number of days between the two dates. The denominator is the actual number of days in the coupon period multiplied by the coupon frequency. This is mainly relates to bonds. This normally results in day count factors of 1.0 for annual coupons, 0.5 for semi annual coupons and 0.25 for quarterly coupons.
Actual/365(Fixed), known as bond basis in the United States, means that the day count fraction is equal to the number of days between the last payment date and the next date divided by 365.
Actual/360, known in the United States as money market basis, has a day count fraction equal to the number of days between the payment dates, divided by 360.
30/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. The second date is only adjusted if the first date is on the 31st of a month.
30E/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. In this case, the second date is always adjusted to the 30th, if it is the 31st.
30E+/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. If the second date is on the 31st, it is adjusted to the 30th and an second month is incremented by one.

Copyright © 1999 Snowgold Technology Ltd. All Rights Reserved

6-ET voici enfin, un terme approprié EN
FRANCAIS
http://www.abb-bvb.be/fr/press/199813.html
'EURIBOR selon la convention de calcul des jours courus act/360 sera disponible sur le Telerate, page 248, et selon la convention act/365, à la page 29200. L'EONIA sera consultable sur le Telerate, page 247.

A vous de jouer Sylvie...

Nikki
Selected response from:

Nikki Scott-Despaigne
Local time: 11:57
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
nala fraction d'un comptage des jours (d'un calcul des jours) à taux fixe
Nikki Scott-Despaigne
naintérêts à taux fixe échus pendant un certain nombre de joursKika


  

Answers


5 hrs
intérêts à taux fixe échus pendant un certain nombre de jours


Explanation:
Je ne sais pas ci la traduction est exacte, mais j'ai cherché de rendre le concept...
Kika

Kika
Local time: 11:57
PRO pts in pair: 44
Login to enter a peer comment (or grade)

9 hrs
la fraction d'un comptage des jours (d'un calcul des jours) à taux fixe


Explanation:
J'ai du joué aux détectives privés ici.
ETANT DONNE QUE :
fixed-rate : à taux fixe
day count : Il existe une convention européenne de comptage, de calucl de jours dont une fraction est l'expression d'une partie

ET QUE :
Google.com a donné beaucoup de résultats pour "day-count", et que l'EuroDicAutom m'a mis sur la piste de "day-count convention", j'ai commencé des recherches sur ces bases là qui ont porté des fruits, essentiellement dans le domaine des swaps.

Quelques extraits :

1-(http://www.sec.gov/Archives/edgar/data/842699/0001005477-97-...

Fixed Amounts:
- --------------

Fixed Rate Payer: Counterparty

Fixed Rate Payer Payment Dates, subject to adjustment in accordance
with the Modified Following Business Day Convention: January 25, April
25, July 25 and October 25 of each year prior to and including the
Termination Date, commencing with October 25, 1996.

Fixed Rate and Fixed Rate Day Count Fraction: 5.59%; Actual /360

2-(http://bondchannel.bridge.com/bp/html/glossary3.html)
Day Count Method
The method for counting the days in a month and the days in a year. The notation used is (days in a month)/(days in a year).
An issue's day-count basis specifies how to count the number of days between any two dates and how to calculate the size of an interest period when the period is a fraction of the normal coupon period.
The most common day-count types are actual/actual, actual/365, actual/365(366) (for leap years), actual/360, 30/360, and 30E/360 (European).

3-(http://www.fhsu.edu/econ/tom/Out541.html
REGARDEZ BIEN! VOTRE TERME Y EST, DANS LE PARA SUR LES SWAPS DE TAUX D'INTERET

Dr. Tom Johansen
Fort Hays State University

ECFI 541: Financial Institutions
Chapter Outlines
Modern Financial Intermediaries & Markets
by Nasser Arshadi and Gordon V. Karels
Chapter 17: Swaps
Swaps: agreement between two parties to exchange a series of cash flows over a period of time
· First widely publicized swap was between IBM and the World Bank in 1981
· Brokered by Salomon Brothers
· IBM agreed to make payments in D-Marks and Swiss Francs to the World Bank in exchange for dollars paid to IBM from the World Bank
· First currency swap
· Interest rate swaps were developed in 1982 and now constitute the largest volume of total swap transactions
Major Swap Products

Interest rate Swaps
· Fixed-to-floating-rate swaps
· counterparties agree to exchange a fixed percentage of a notional amount with a floating percentage of the same notional amount in the same currency
· the floating-rate index used commonly is the LIBOR
· Floating-to-floating-rate swaps (basis swaps)
· one party makes a series of payments based on one floating rate in exchange for payments by the counterparty based on another floating rate.
· for example, a 6-month LIBOR rate vs. a 3-month commercial paper rate, both denominated in dollars

4-(http://www.amue.org/efiles/euroframe/cliffordchance.html

The European Monetary Uinion site on changing monetary conventions

Market Conventions for the Euro
A number of leading trade associations have recommended the following market conventions for the euro:
Money markets: Day count: actual/360 Settlement: spot/two day standard Rate fixing: two days Business days: TARGET operating days Bond markets: Day count: actual/actual Settlement: T+3 Quotations: decimals Business days: TARGET operating days Coupon frequency: no recommendation between semi-annual and annual

5-(According to THIS source, there are payment day conventions and day count conventions for certain financial and money market operations and transactions :

http://www.snowgold.com/financial/dateapp.html

Day Count ConventionsWhen calculating the interest payment due on an interest rate swap, you need to know the interest rate, either fixed or floating, the nominal amount (normally fixed, but can change with time, see accreting and amortizing swaps in the Snowgold Financial Glossary), and the period over which this interest rate is to be calculated.

...ET EN PARTICULIER POUR VOUS...

The day count fraction, is the fraction of a year since the previous payment on the swap was made. A number of day count conventions exist as detailed below.
Actual/Actual, means that the numerator is the number of days between the two dates. The denominator is the actual number of days in the coupon period multiplied by the coupon frequency. This is mainly relates to bonds. This normally results in day count factors of 1.0 for annual coupons, 0.5 for semi annual coupons and 0.25 for quarterly coupons.
Actual/365(Fixed), known as bond basis in the United States, means that the day count fraction is equal to the number of days between the last payment date and the next date divided by 365.
Actual/360, known in the United States as money market basis, has a day count fraction equal to the number of days between the payment dates, divided by 360.
30/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. The second date is only adjusted if the first date is on the 31st of a month.
30E/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. In this case, the second date is always adjusted to the 30th, if it is the 31st.
30E+/360, means that day count fractions are calculated assuming 30 day months and 360 days in a year. If the second date is on the 31st, it is adjusted to the 30th and an second month is incremented by one.

Copyright © 1999 Snowgold Technology Ltd. All Rights Reserved

6-ET voici enfin, un terme approprié EN
FRANCAIS
http://www.abb-bvb.be/fr/press/199813.html
'EURIBOR selon la convention de calcul des jours courus act/360 sera disponible sur le Telerate, page 248, et selon la convention act/365, à la page 29200. L'EONIA sera consultable sur le Telerate, page 247.

A vous de jouer Sylvie...

Nikki

Nikki Scott-Despaigne
Local time: 11:57
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
Login to enter a peer comment (or grade)




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