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titres de passage

English translation: transitional securities

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:titres de passage
English translation:transitional securities
Entered by: Mary Lalevee

12:37 Nov 29, 2007
French to English translations [PRO]
Bus/Financial - Investment / Securities
French term or phrase: titres de passage
This term appears in a bank's general terms and conditions. Does it mean "temporary securities"??

"En ce qui concerne les dépôts à découvert et les dépôts cachetés, les engagements de la Banque à l'encontre du déposant sont réglés par la loi.

Si par la faute de la Banque, la perte de valeurs faisant l'objet d'un dépôt cacheté devait survenir, son obligation se limite au paiement de la somme déclarée lors de la constitution du dépôt.

Sont affranchis de droits de garde, les titres de passage, par suite d'achat, de vente, d'échange, de conversion ou d'assemblée générale, pourvu qu'ils soient retirés dans un délai de trente jours après exécution de l'opération ayant occasionné leur dépôt."
Mary Lalevee
United Kingdom
Local time: 17:53
transitional securities
Explanation:
Term seems to come up in bank custodial contexts, but definition not found.
Selected response from:

rkillings
United States
Local time: 09:53
Grading comment
Thanks Bob, I couldn't find a definition either.
4 KudoZ points were awarded for this answer



Summary of answers provided
4title binder
Nina Iordache
3transitional securities
rkillings


  

Answers


21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
title binder


Explanation:
IMO
http://www.investorwords.com/4993/title_binder.html

Nina Iordache
Romania
Local time: 19:53
Native speaker of: Native in RomanianRomanian
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
transitional securities


Explanation:
Term seems to come up in bank custodial contexts, but definition not found.

rkillings
United States
Local time: 09:53
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 131
Grading comment
Thanks Bob, I couldn't find a definition either.
Login to enter a peer comment (or grade)



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