Glossary entry (derived from question below)
French term or phrase:
Annexe de Remise en Garantie
English translation:
Credit Support Annex
Added to glossary by
Fiona McBrearty
Mar 24, 2011 17:44
13 yrs ago
1 viewer *
French term
Annexe de Remise en Garantie
French to English
Bus/Financial
Finance (general)
In text on hedging:
Le risque de contrepartie bancaire est limité par la mise en place systématique d’Annexe de Remise en Garantie sur chaque convention cadre relative aux instruments financiers.
Any ideas?
Le risque de contrepartie bancaire est limité par la mise en place systématique d’Annexe de Remise en Garantie sur chaque convention cadre relative aux instruments financiers.
Any ideas?
Proposed translations
(English)
3 | Credit Support Annex | Joshua Wolfe |
Proposed translations
22 hrs
Selected
Credit Support Annex
"Lorsque deux contreparties souhaitent établir un contrat de collatéralisation, elles doivent alors signer un contrat annexe à la convention-cadre appelé Annexe de Remise en Garantie (ARG) en France ou un Credit Support Annex (CSA) pour les contrats de droit étranger. Les propositions de l’ISDA font référence en matière juridique notamment en ce qui concerne les conséquences lors du défaut de l’une des contreparties. Les intervenants fixent notamment eux-mêmes les formules d’assurance à leur disposition ainsi que le traitement de l’opération en cas de défaut d’une des contreparties contractantes. Ces contrats définissent avec précision toutes les modalités liées à l’activité de collatéralisation que devront suivre les deux parties. De même, le modèle reconnu par la communauté internationale est le CSA rédigé par l’ISDA."
Definition: A Credit Support Annex, or CSA, is a legal document which regulates credit support (collateral) for derivative transactions. It is one of the four parts that make up an ISDA contract but is not mandatory. It is possible to have an ISDA agreement without a CSA but normally not a CSA without an ISDA.
en.wikipedia.org/wiki/Credit_Support_Annex
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Note added at 1 day1 hr (2011-03-25 18:57:56 GMT)
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Since I don't specialize in financial translation, I am not sure this is correct -- but the fact that googling finds more than 74000 entries implies this is correct. (Not that Google hasn't been wrong!) Any financial specialists out there?
Definition: A Credit Support Annex, or CSA, is a legal document which regulates credit support (collateral) for derivative transactions. It is one of the four parts that make up an ISDA contract but is not mandatory. It is possible to have an ISDA agreement without a CSA but normally not a CSA without an ISDA.
en.wikipedia.org/wiki/Credit_Support_Annex
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Note added at 1 day1 hr (2011-03-25 18:57:56 GMT)
--------------------------------------------------
Since I don't specialize in financial translation, I am not sure this is correct -- but the fact that googling finds more than 74000 entries implies this is correct. (Not that Google hasn't been wrong!) Any financial specialists out there?
Example sentence:
Note from asker:
Can I nominate you for the Translation Hero prize?? |
4 KudoZ points awarded for this answer.
Comment: "OK, I went with that. Thank you!"
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