Glossary entry (derived from question below)
French term or phrase:
épargne hors bilan
English translation:
investment accounts;:
Added to glossary by
Susan Gastaldi
Nov 23, 2008 03:22
15 yrs ago
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French term
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épargne hors bilan
French to English
Bus/Financial
Business/Commerce (general)
list of services offered by a retail bank
This figures among a list of services offered by a retail bank, the others being current account deposits, bank savings, mortgage loans, consumer credit and private banking. Can anyone suggest a suitable translation for épargne hors bilan in this context? Many thanks
Proposed translations
(English)
Proposed translations
+4
26 mins
Selected
investment accounts
"L’épargne hors bilan des particuliers comprend les SICAV, les fonds communs de placement (FCP), les fonds de pension, les titres de créances négociables et les valeurs mobilières" (see link).
The term means accounts holding securities, OPCVM units and the like, which are not liabilities of the bank. Only a bank would refer to them in this way.
My bank (in the US) calls them brokerage accounts.
The term means accounts holding securities, OPCVM units and the like, which are not liabilities of the bank. Only a bank would refer to them in this way.
My bank (in the US) calls them brokerage accounts.
4 KudoZ points awarded for this answer.
Comment: "Thanks very much"
29 mins
off balance sheet savings
http://www.mcc.es/ale/magnitudes/memoria2005.pdf
........As a complement to traditional saving, mention should also
be made of the trend it has recorded in its
figures for off-balance sheet saving, mainly mutual, pensions
and welfare funds,
........As a complement to traditional saving, mention should also
be made of the trend it has recorded in its
figures for off-balance sheet saving, mainly mutual, pensions
and welfare funds,
Peer comment(s):
| neutral |
joehlindsay
: off balance sheet is a correct word for word translation of hors bilan but this term is not used in retail banking, only for corporations, etc.
1 hr
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| neutral |
rkillings
: translatorese. This is not about SPVs and SIVs.
1 day 4 hrs
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13 hrs
Rebecca Davis
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Qualified financial & legal translator
Native in: English
Works in: French to English, Latin to English, English
Related KudoZ points
:
109
ring-fenced (customer) savings accounts
I think that what may be being referred to here are "ring-fenced" customer savings accounts; i.e. they do not appear on the bank's balance sheet [i.e. are "off balance-sheet"] because the bank has no access to the assets deposited, unlike the cash deposited in standard customer bank accounts.
Peer comment(s):
| neutral |
rkillings
: No, they're not ring-fenced. The cash deposited by the customer is merely invested in instruments that are not liabilities of the bank, not "savings accounts".
15 hrs
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13 hrs
third-party investment products
Investment products of other institutions of issuers.
Peer comment(s):
| neutral |
rkillings
: The "third parties" will often be affiliates of the bank, and what makes a party "third" won't be understood in terms of the bank's balance sheet.
14 hrs
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|
May or may not be the case. If an affiliate has a competitive product, then of course cross-selling makes good business sense. Otherwise, client retention will drive the third-party product offerings
|
-1
16 hrs
tax efficient savings
As this is for a retail bank it suggests to me that it may be a tax free savings wrapper. Depends who the translation is aimed at, if it is the UK then the equivalent would be an ISA.
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