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Toute la comptabilité impliquant X doit etre faite sur une base principale

13:00 Feb 23, 2020
French to English translations [PRO]
Bus/Financial - Accounting / insurance company under administration
French term or phrase: Toute la comptabilité impliquant X doit etre faite sur une base principale
This is from a letter from the court-appointed administrators sent to all policyholders, brokers, agents, etc. This paragraph concerns brokers and agents in particular; ;
A compter de la date de notre nomination en tant qu'administrateurs, toute autoritlé pour les courtiers, intermédiaires, agents et mandataires de comptabilisation sur une base nette avec X est retirée. Toute la comptabilité impliquant X doit être faite sur une base principale. Il ne devrait avoir aucune compensation des sommes de toute nature collectées au nom de X sur les paiements dus par X à tout autre titulaire de police ou à tout autre créancier de toute nature avec lesquels les courtiers, intermédiaires, agents et mandataires font des affaires (....)

"X" is the insurance company under administration

All I can come up with is:
"All recognition in accounts involving X must now be on a principal basis i.e. recognition of gross amounts" I would be grateful to know what others think.
zac
Local time: 23:23


Summary of answers provided
4The accounting of X's all security transactions must rest on a principal bais
Francois Boye
3 -1all accounting involving X must be fundamentally carried out
Juan Arturo Blackmore Zerón


Discussion entries: 4





  

Answers


8 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
all accounting involving X must be fundamentally carried out


Explanation:
All accounting involving X must be done on a primary basis.

Juan Arturo Blackmore Zerón
Mexico
Local time: 17:23
Native speaker of: Spanish

Peer comments on this answer (and responses from the answerer)
disagree  Francois Boye: You missed the concept of principal basis
6 hrs
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15 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
The accounting of X's all security transactions must rest on a principal bais


Explanation:
https://www.investordictionary.com/definition/principal-basi...

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Note added at 15 hrs (2020-02-24 04:16:20 GMT)
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Erratum: BASIS instead of bais

Francois Boye
United States
Local time: 18:23
Native speaker of: Native in FrenchFrench
PRO pts in category: 96
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