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07:48 Mar 26, 2007
This question was closed without grading. Reason: Other
French to English translations [PRO] Law/Patents - Finance (general) / Factoring
French term or phrase:mobiliser les créances
This is in a factoring agreement. Receivables are transferred to the factoring company.
Article 6. EXCLUSIVITE
Le fournisseur s’engage à ne pas mobiliser les créances détenues sur son client auprès d’autres organismes bancaires et financiers.
Yes. The supplier is making a promise to the factor that the supplier won't "faciliter la cession" (Le Grand Robert, on "mobiliser") of those receivables by dealing with another bank or finance company.
Sounds like an exclusive to me.