Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
10:41 Dec 3, 2010
English to French translations [PRO] Bus/Financial - Finance (general) / LGD
English term or phrase:Haircut
While differences exist across countries for the regulation and definition of covered bonds, it is left to the discretion of banks to decide which covered bonds are considered here. However, without the imposition of further HAIRCUTS and in order to keep conservatism only the most prudent, best covered and well defined markets should be part of this category.