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.
10:42 Mar 17, 2008
French to English translations [PRO] Bus/Financial - Finance (general)
French term or phrase:taux de la PB
I have no context for this as it appears in a list which includes 'Net amount invested', 'Currency', 'Entry fee', 'Amount in EUR'. I belive it has something to do with a hedge fund.
You mentioned 'Net amount invested', 'Currency' and'Entry fee', so I assumed that this relates to some form of investment fund. Is that correct? If it is in fact an insurance policy, then Bouth's answer is the correct one.
Participation bénéficiaire : restitution à posteriori au preneur d’une partie des bénéfices de l’assureur
- PB finale (Terminal Bonus) : PB donnée uniquement au terme du contrat
- PB annuelle ( Reversionary bonus) : PB donnée chaque année http://www.actu.ucl.ac.be/staff/devolder/actu_2121.pdf
The insurance company aims to distribute part of their profit to the with-profits policy holders in the form of a bonus attached to their policy (see the bonus section below). The BONUS RATE is determined by complex actuarial calculations with reference to the return on the underlying assets, the level of bonuses declared in previous years and other actuarial assumptions (especially future liabilities and anticipated investment returns).
[ ... ]
A reversionary bonus (or annual bonus) is paid at the end of each year. The annual bonus may consist of two parts. The guaranteed bonus is an amount normally expressed as a monetary amount per £1,000 sum assured. It is set at the outset of the policy and usually cannot be varied. The rest of the annual bonus will depend on the investment return achieved by the fund subject to smoothing.
The terminal bonus is paid at the maturity and sometimes the surrender of the policy. It is sometimes referred to as the final bonus. The terminal bonus represents the member's entitlement to a proportion of the fund that has been held back for the purpose of smoothing. In certain circumstances a Market Value Adjustor may be applied to limit this to the member's fair share. http://www.nfl.tc/modules.php?name=Insurance_Glossary-MM&pag...
Note that this is NOT the standard definition of "bonus rate" which is a special attrative interest rate on investments for the first year only. http://www.nfl.tc/modules.php?name=Insurance_Glossary-MM&pag...
xxxBourth Local time: 09:03 Native speaker of: English PRO pts in category: 307
Participation bénéficiaire = beneficial interest or bonus (insurance) taux=rate
Explanation: PB Intérêt :
- sur les opérations à provisions mathématiques
Terminal bonus :
complément de prestations
donné au terme du contrat
( sur base du surplus final
PB annuelle :
Dotation de PB effectuée
chaque année en fonction
de la marge d’intérêt http://www.actu.ucl.ac.be/staff/devolder/actu_2121.pdf
U.S. Regulation of Hedge Funds - Google Books Result
by Douglas L. Hammer - 2005 - Law - 405 pages
Beneficial Interest The New Issue Rule defines "beneficial interest" as any ... such persons to have a "beneficial interest" in a hedge fund's profits and ...
writeaway Native speaker of: English PRO pts in category: 15