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arbitrage d’avoirs disponibles

English translation: arbitrage of available/disposable assets

17:01 Jun 5, 2017
French to English translations [PRO]
Bus/Financial - Finance (general) / Pensions schemes - employee share ownership scheme
French term or phrase: arbitrage d’avoirs disponibles
Le Conseil d’administration fixe le montant nominal maximal global de l’augmentation de capital à xxxxxxxx € par l’émission de xxxxxxx actions à souscrire en numéraire de x.xx € nominal et décide que cette augmentation de capital se subdivisera en trois tranches distinctes.
Afin de faciliter une éventuelle réduction* le montant nominal global n’est pas réparti entre les trois tranches.
Néanmoins en cas de réduction, la méthodologie employée nécessite le maintien de tranches distinctes puisque les flux d’investissement alors réduits diffèrent entre les tranches (rémunération financière, versement volontaire, arbitrage d’avoirs disponibles et abondement).

Hi all,

This (large) company are issuing shares to members of their pension/savings scheme. The expression I'm not sure about is "arbitrage d'avoirs disponibles..."

Any suggestions/help would be greatly appreciated.

Thanks,
David
David Howard
United Kingdom
Local time: 00:05
English translation:arbitrage of available/disposable assets
Explanation:
"Arbitration" is not correct, being a method of dispute resolution

What is 'Arbitrage'?

Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

Read more: Arbitrage http://www.investopedia.com/terms/a/arbitrage.asp#ixzz4j9gDI...
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Selected response from:

AllegroTrans
United Kingdom
Local time: 00:05
Grading comment
Thanks AllegroTrans.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1arbitrage of available/disposable assets
AllegroTrans
4trade-off among disposable assets
Francois Boye
4 -1arbitration of available assets
Ahmet Cigil (X)
3 -1reallocation of liquid assets
Nathalie Stewart


  

Answers


22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
arbitration of available assets


Explanation:
http://www.assetprotectionsociety.org/arbitration/

Ahmet Cigil (X)
Belgium
Local time: 01:05
Works in field
Native speaker of: Native in TurkishTurkish, Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: dispute resolution?
1 hr
disagree  Daryo: They may sound very similar, but "arbitration" and "arbitrage" are completely different beasts, from two different habitats....
3 hrs
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43 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
reallocation of liquid assets


Explanation:
https://www.interepargne.natixis.com/jcms/dat_6912/fr/parlez...

Arbitrage
Possibilité de modifier son type de placement pendant la durée de blocage au sein d’un même dispositif / plan, par transfert d'un FCPE [Fonds Commun de Placement d’Entreprise] à un autre FCPE. L’arbitrage n’a aucune incidence sur la durée de blocage des avoirs. En cas d’arbitrage d’avoirs disponibles, ces derniers restent disponibles.

http://money.usnews.com/money/blogs/the-smarter-mutual-fund-...
Reallocation allows you to maintain a portfolio that’s tailored to your needs and reflects prevailing market conditions. [...]
Allocating investments is the process of deciding which percentage of your retirement savings you’ll place into each investing asset class. [...]
Because there are so many variables that are constantly shifting, portfolio reallocation is as important as any part of your retirement investing strategy.

Nathalie Stewart
France
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  nigel45: allocation of available assets.
54 mins
neutral  Daryo: Yes for the explanation in FR, but not sure that it corresponds to your proposed translation.
3 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
arbitrage of available/disposable assets


Explanation:
"Arbitration" is not correct, being a method of dispute resolution

What is 'Arbitrage'?

Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

Read more: Arbitrage http://www.investopedia.com/terms/a/arbitrage.asp#ixzz4j9gDI...
Follow us: Investopedia on Facebook


AllegroTrans
United Kingdom
Local time: 00:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 267
Grading comment
Thanks AllegroTrans.

Peer comments on this answer (and responses from the answerer)
agree  Daryo: although it's not very clear what is subjected to arbitrage in this ST
2 hrs
  -> I think it means the company's realisable assets - presumably they have fluctuating market prices whatever they are (precious metals?)
disagree  Francois Boye: disposable assets have roughly the same returns. So what's the point of using the financial concept of arbitrage?//it is incorrect to think that 'arbitrage' has no meaning but financial: http://www.cnrtl.fr/definition/arbitrage
3 hrs
  -> I think you would need to ask the writer of the document - he/she clearly refers to arbitrage
agree  philgoddard
6 hrs
  -> thanks
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
trade-off among disposable assets


Explanation:
http://voxeu.org/article/trade-between-efficiency-and-equity

--------------------------------------------------
Note added at 5 hrs (2017-06-05 22:29:31 GMT)
--------------------------------------------------

trade-off means in economics that limited resources must be allocated among several assets. As a result, all assets cannot increase at the same time; there is a trade-off among them.

Francois Boye
United States
Local time: 19:05
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 305

Peer comments on this answer (and responses from the answerer)
disagree  Daryo: Can't see how you could justify making the (il)logical jump from "trade-off between properties / characteristics of one and same group of assets" [in your ref.] to a "trade-off between assets"???
51 mins
  -> you cannot increase the share of all disposable assets at the same time!
neutral  AllegroTrans: cannot see how arbitrage becomes trade-off
2 hrs
  -> you cannot increase the share of all disposable assets at the same time!
agree  Adam Warren: trade-off is perfectlfy legitimate; the English term "arbitrage" does not apply here, having a highly specialised meaning.
1 day 18 hrs
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