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le patrimoine spécial est reporté sur d'autres actifs libres

English translation: special equity is carried to other free assets

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09:11 Feb 28, 2012
French to English translations [PRO]
Bus/Financial - Business/Commerce (general)
French term or phrase: le patrimoine spécial est reporté sur d'autres actifs libres
Term extracted from: PROJET DE LOI INSTAURANT UN REGIME LEGAL POUR LES COVERED BONDS BELGES

Context:

Si des somes sont détenues par l'établissement de crédit émetteur de covered bonds belges pour le compte d'un patrimoine spécial et ne sont pas identifiables dans le patrimoine général au moment ou la remise de ces avoirs pour le compte du patrimoine spécial est demandée, le droit de propriété sur ces sommes comprises dans LE PATRIMOINE SPECIAL EST REPORTE SUR D'AUTRES ACTIFS LIBRES dans le patrimoine général de l'établissement de crédit pour une valeur égale.
xxxs.brook1
Local time: 13:08
English translation:special equity is carried to other free assets
Explanation:
Special Equity is an equity fund that aims for long-term capital gains.
Selected response from:

Vitaliy Rysyuk
Ukraine
Local time: 15:08
Grading comment
Thank you Vitaliy, but I changed 'special equity' to 'segregated estate' as per the ECBC terminology.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1special equity is carried to other free assets
Vitaliy Rysyuk
Summary of reference entries provided
European Covered Bond Councilrkillings

  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
special equity is carried to other free assets


Explanation:
Special Equity is an equity fund that aims for long-term capital gains.

Vitaliy Rysyuk
Ukraine
Local time: 15:08
Specializes in field
Native speaker of: Native in UkrainianUkrainian, Native in RussianRussian
PRO pts in category: 4
Grading comment
Thank you Vitaliy, but I changed 'special equity' to 'segregated estate' as per the ECBC terminology.

Peer comments on this answer (and responses from the answerer)
agree  rkillings: Explanation makes no sense, but the wording is on the right track. By design, covered bonds confer quite ironclad rights to assets on the books of the issuing bank. But this being debt, you probably want to talk about ownership rather than equity.
16 hrs
  -> Many thanks! But 'patrimoine' is a French equivalent of 'equity' in such context.
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Reference comments


1 day18 mins
Reference: European Covered Bond Council

Reference information:
The term the ECBC uses for patrimoine spéciale is "segregated estate". See document in link below regarding Belgium.


    Reference: http://www.ecbc.eu/uploads/attachements/100/64/3.3%20Belgium...
rkillings
United States
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 278
Note to reference poster
Asker: This reference material is brilliant - thanks so much rkillings!

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