Jan 10, 2015 18:29
9 yrs ago
1 viewer *
French term
United Kingdom
Professional, qualified and accomplished
Native in: English 
Works in: French to English, Spanish to English
billets de trésorerie souverains
French to English
Bus/Financial
Investment / Securities
Market update for money market SICAV fund
Hi
I am translating a newsletter for a SICAV (Money Market Euro) fund and there is a section which states that in the period under review the fund gradually switched out of "billets de trésorerie souverains des pays périphériques dont les rendements ont fortement baissé"
What is the correct investment term for "billets de trésorerie souverains" here?
Thanks in advance,
Mark
I am translating a newsletter for a SICAV (Money Market Euro) fund and there is a section which states that in the period under review the fund gradually switched out of "billets de trésorerie souverains des pays périphériques dont les rendements ont fortement baissé"
What is the correct investment term for "billets de trésorerie souverains" here?
Thanks in advance,
Mark
Proposed translations
(English)
| 3 +2 | sovereign commercial papers |
writeaway
|
| 4 +3 | sovereign treasury bills |
Ana Vozone
|
| 4 | Sovereign Treasury Bonds |
Kieran Mc Kenna
|
Proposed translations
+2
1 hr
Selected
sovereign commercial papers
According to several sources including EU and http://fr.wikipedia.org/wiki/Billet_de_trésorerie
http://en.wikipedia.org/wiki/Commercial_paper
Not my field but looked it up out of curiosity.
OECD Sovereign Borrowing Outlook 2014
https://books.google.com/books?isbn=9264207554
OECD - 2014
... wider set of issuance choices, including fixed-coupon bonds, floating rate notes (FRNs) and shortterm paper (Treasury bills or sovereign Commercial Paper).
Goldman Sachs Euro Government Liquid Reserves Fund ...
doc.morningstar.com/.../7ba7870def3d29c32acfedf72394bcfd.msdoc?...
Dec 17, 2012 - Asset Allocation (%). Euro Sovereign Commercial Paper. 35.1. Repurchase Agreement (Government). 34.8. Government Bill. 24.4. Bonds. 4.2.
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Note added at 1 hr (2015-01-10 20:19:30 GMT)
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GLOSSAIRE ABCP (asset-backed commercial paper ou ...
https://www.banque-france.fr/.../doc...
Banque de France
GLOSSAIRE. ABCP (asset-backed commercial paper ou billet de trésorerie adossé à des actifs). Titre de créance négociable dont le paiement des intérêts et.
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Note added at 17 hrs (2015-01-11 11:51:13 GMT)
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External Debt Statistics: Guide for Compilers and Users
https://books.google.com/books?isbn=1589062973 -
International Monetary Fund - 2003
Billet ( Promissory Note ) Promesse inconditionnelle de payer une certaine somme à ... Billet de trésorerie ( Commercial Paper )Promesse non garantie , émise au ... Bon du Trésor ( Treasury Bills ) Forme courante de créance souveraine
http://en.wikipedia.org/wiki/Commercial_paper
Not my field but looked it up out of curiosity.
OECD Sovereign Borrowing Outlook 2014
https://books.google.com/books?isbn=9264207554
OECD - 2014
... wider set of issuance choices, including fixed-coupon bonds, floating rate notes (FRNs) and shortterm paper (Treasury bills or sovereign Commercial Paper).
Goldman Sachs Euro Government Liquid Reserves Fund ...
doc.morningstar.com/.../7ba7870def3d29c32acfedf72394bcfd.msdoc?...
Dec 17, 2012 - Asset Allocation (%). Euro Sovereign Commercial Paper. 35.1. Repurchase Agreement (Government). 34.8. Government Bill. 24.4. Bonds. 4.2.
--------------------------------------------------
Note added at 1 hr (2015-01-10 20:19:30 GMT)
--------------------------------------------------
GLOSSAIRE ABCP (asset-backed commercial paper ou ...
https://www.banque-france.fr/.../doc...
Banque de France
GLOSSAIRE. ABCP (asset-backed commercial paper ou billet de trésorerie adossé à des actifs). Titre de créance négociable dont le paiement des intérêts et.
--------------------------------------------------
Note added at 17 hrs (2015-01-11 11:51:13 GMT)
--------------------------------------------------
External Debt Statistics: Guide for Compilers and Users
https://books.google.com/books?isbn=1589062973 -
International Monetary Fund - 2003
Billet ( Promissory Note ) Promesse inconditionnelle de payer une certaine somme à ... Billet de trésorerie ( Commercial Paper )Promesse non garantie , émise au ... Bon du Trésor ( Treasury Bills ) Forme courante de créance souveraine
Peer comment(s):
| agree |
Yolanda Broad
30 mins
|
| agree |
mchd
43 mins
|
| agree |
Rachel Fell
: www.goldmansachs.com/gsam/docs/funds.../mfur_elrf_ds_en.pdf
1 hr
|
| neutral |
philgoddard
: You haven't explained why you think Ana's answer is wrong, or what the difference (if any) is. Surely commercial paper is papiers commerciaux?// I didn't say anything about your references. I just asked two perfectly valid questions.
4 hrs
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is there a reason you are so sure that my refs (including la Banque de France) are faulty?
|
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| disagree |
rkillings
: Contradiction in terms. Only private-sector entities issue 'commercial paper' -- as the name implies! Sovereigns issue short-term debt instruments known generically as bills or discount bonds./And in usage, the 'paper' is a mass noun never pluralised!
2 days 4 hrs
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I know you are an expert. As I said, this isn't my field (understatement of the century). I posted what I found and thought the Banque de France and other sources were reliable.
|
4 KudoZ points awarded for this answer.
Comment: "thanks"
+3
14 mins
Ana Vozone
Works in field
Will do!
Native in: Portuguese (Variant: European/Portugal)
Works in: English to Portuguese, French to Portuguese, German to Portuguese, and 1 more.
Related KudoZ points
:
4
sovereign treasury bills
Suggestion.
Example sentence:
Assuming safer sovereign treasury bills earn 2.5 %, a risk adjusted return on capital (RAROC) to an MFIF investor would earn only 2.5 % net. If an MFI risk ...
Sovereign Treasury bills could provide an alternative for some, but that product\'s yields are too low for many ABCP investors. One possible ...
Peer comment(s):
| agree |
philgoddard
: That must have taken you hours to find :-)
21 mins
|
|
Thank you, Phil
|
|
| agree |
Chakib Roula
2 hrs
|
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Thank you, Chakib
|
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| agree |
Edgar Bettridge
21 hrs
|
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Thank you, Edgar
|
1 day 2 hrs
Sovereign Treasury Bonds
A government issued bond
Discussion
Normally one differentiates between "billet de trésorerie"
http://www.attijariwafabank.com/Entreprise/Produits/Pages/Bi...
and "titre souverain"
http://www.francetvinfo.fr/economie/crise/crise-europeenne/u...
I'm not an expert but to me the sentence seems to indicate that it relates to "titres souverains".