Glossary entry

French term or phrase:

garant en dernier recours

English translation:

guarantor of last resort

Added to glossary by Stephanie Mitchel
Jan 10, 2003 21:09
21 yrs ago
French term

garant en dernier ressort

French to English Bus/Financial Investment / Securities investment banking
"Il rappelle que la voie du démantèlement de la banque a été suggérée par les concurrents [..] et considère que la solution retenue revient à demander à l'Etat de remplir son rôle de garant en dernier recours de la poursuite de l'activité de la banque."

Discussion

Non-ProZ.com Jan 10, 2003:
whoops sorry....dernier recours
Francis MARC Jan 10, 2003:
dernier recours ou dernier ressort ?

Proposed translations

+8
9 mins
Selected

guarantor of last resort

It's the same in English.

If the answer to Francis' question is 'recours' then you could use 'recourse' instead.
Peer comment(s):

agree Jane Lamb-Ruiz (X)
11 mins
agree swisstell
57 mins
agree Rachel Vanarsdall
1 hr
agree NancyLynn
1 hr
agree Patricia Fierro, M. Sc.
1 hr
agree Louise Dupont (X)
2 hrs
agree Saleh Ayyub
2 hrs
agree cjohnstone
18 hrs
Something went wrong...
4 KudoZ points awarded for this answer.
-1
6 mins

lender of last resort

LLR or LOLR. See gov't role as LLR:
Peer comment(s):

disagree Peter Coles : Lendor and guarantor are different roles. As LLR the Fed can try to prop up a failing bank. As GLR it ensures that depositors are repaid (with limits) after the bank has failed.
42 mins
saw it from "poursuite de l'activité"
Something went wrong...
+1
8 mins

last-resort (ou last resort) guarantor

PDF]CCrreeddiitt RReesseeaarrcchh
Format de fichier: PDF/Adobe Acrobat - Version HTML
... It therefore benefits from the security linked to this status: it is not subject
to the Bankruptcy Act and the State is the last-resort guarantor of its ...
www.cades.fr/en/download/nvmodeles.pdf - Pages similaires

RULE, PHLX ¶2237, Rule 237. The eVWAPTM Morning Session - [ Traduire cette page ]
... Alternate Specialists;. (21) Match member last resort facilitation orders
with their identified last resort guarantor;. (22) Remaining ...
www.cchwallstreet.com/.../RULESOFTHEBOARDOFGOVERNORS/ TradinginUnlistedSecurities/1F430006CE.asp - 38k - En cache - Pages similaires

[PDF]LESSONS FROM THE LATIN AMERICAN PENSION REFORMS: DEVELOPMENTS IN ...
Format de fichier: PDF/Adobe Acrobat - Version HTML
... dependents. In the new system, the government plays two important roles
­ as a regulator of the system and as the last-resort guarantor. ...
www.business.mmu.ac.uk/met/papers/Eugen.pdf -
Peer comment(s):

agree cjohnstone
18 hrs
Something went wrong...
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