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saisir hors les livres de la banque

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09:15 Aug 29, 2014
This question was closed without grading. Reason: No acceptable answer

French to English translations [PRO]
Finance (general)
French term or phrase: saisir hors les livres de la banque
I'm translating an agreement concerning the registration of xxx's promissory note with a bank and am stuck on "saisir hors les livres de la banque" in the sentence that follows: 'Pour le cas où surviendrait une décision de justice ou une mesure de toute nature émanant de toute administration habile à agir, rendue opposable à la Banque et dont le résultat serait de grever la Reconnaissance de Dette dans les Livres de la Banque et/ou de le **saisir hors les Livres de la Banque**, xxx accepte sans réserve que la Banque porte au débit du compte tous frais exposés par la Banque à la survenance d’un tel évènement, de ses suites et conséquences". Could this mean 'confiscated from the Bank's books'? Thanks in advance if you're able to help me with this.
Sarah Russell
United Kingdom
Local time: 19:23
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Summary of answers provided
3Recorded as off-the-books entries
Stephanie Evans
3Accounted for other than in the Bank Accounts
njweatherdon
1 -1seizure of assets other than bank accounts
SafeTex
Summary of reference entries provided
saisir - saisie
AllegroTrans

Discussion entries: 6





  

Answers


21 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): -1
seizure of assets other than bank accounts


Explanation:
Perhaps for example if a house which is security is appropriated by a court?
That would incur costs for the bank as the house is security and therefore there is going to be a lot of renegotiation by the bank with the client and perhaps charges for the increased risk

SafeTex
France
Local time: 20:23
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: Itr's not about "seizing" anything - just a registration over an asset to secure a liability// the decision of a court is "opposable à la banque" (banks are not above the law, despite appearances...)
15 hrs
  -> I only gave myself a "just guessing" but is a simple registration "une décision de justice rendue opposable à la banque" ?!?!?
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2 days 20 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Accounted for other than in the Bank Accounts


Explanation:
where capital letters of "Bank Accounts" will be important because in the contract these are probably specified and the use of capital letter makes it explicit.

See my note in the discussion and Allegrotrans' comments and reference for further details.

I think you will find a better answer yet.

njweatherdon
Canada
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 126
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3 days 5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Recorded as off-the-books entries


Explanation:
It seems to me that context is whereby a decision has been made in court which challenges the enforceability of the debt as held by the bank and recorded in their books.

It must therefore be recorded elsewhere and "off-the-books" of the bank.

Stephanie Evans
France
Local time: 20:23
Native speaker of: Native in FrenchFrench, Native in EnglishEnglish
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Reference comments


5 hrs peer agreement (net): +1
Reference: saisir - saisie

Reference information:
Définition saisie


saisie, nom féminin
Sens 1 Confiscation légale des biens d'une personne [Droit]. Synonyme prise Anglais distraint,, seizure
Sens 2 Enregistrement de données sur un ordinateur [Informatique]. Anglais input, data capture

AllegroTrans
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 221

Peer comments on this reference comment (and responses from the reference poster)
agree  philgoddard: Yes, I think it's meaning 2, recorded off/outside the bank's accounts.
23 mins
  -> thanks
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