propriétaire

09:14 Mar 6, 2020 

I second Wolf's comment - BFR is what we normally call "working capital" in English. You will struggle to find refs in publicly available material, but it's what I learnt as a trainee accountant, and what we all used when I was with Big 4 accounting firms. Financial-sector translation customers also use it themselves.

DAryo's suggestion also makes sense, but for "non-propriétaire" you may wish to consider "unowned". With luck, the surrounding context ought to make the meaning apparent.

19:03 Mar 5, 2020 

Is probably best translated by "working capital" (without "requirement"). The FR and EN come at it from different angles—whether you have more or less than enough WC vs how much WC you have (whether it's positive or negative)—but the idea is the same.

This is despite the prevalence of "working capital requirement" in many translations, but I think you'll struggle to find solid refs or clear usage in EN source texts.

05:00 Mar 5, 2020 

"propriétaire" and "non propriétaire" in this text is the one between

"propriétaire" ="own money/debts" [collecting/paying money in relation to own operations]
and
"non propriétaire" = "client's money/debts" [collecting/paying as agent on behalf of clients]

"Ce genre de société peut avoir dans son bilan de l'argent qui ne fait que passer."
Client's money doesn't seem to be "off-balance sheet". As confirmed here https://en.wikipedia.org/wiki/Off-balance-sheet

21:56 Mar 4, 2020 

From your description provided by the client it sounds like the company is acting as an insurance agent holding balances for the insurer from premiums collected?

Either way, as Phil says, it's referring to what actually belongs to the company (in contrast to what it's collecting/holding on behalf of other companies).

20:59 Mar 4, 2020 

I asked my client for an explanation and here's what he wrote:
Ce genre de société peut avoir dans son bilan de l'argent qui ne fait que passer.
Par exemple : elle va encaisser pour le compte de l'assureur les primes d'assurances des clients puis les reverser à l'assureur quelques jours après. Si on regarde le bilan entre les 2 dates, la société aura beaucoup d'argent, mais qui ne lui appartient pas car elle devra le reverser à l'assureur.

I'm not sure "proprietary" or even "propriétaire/non propriétaire" conveys all that!

20:14 Mar 4, 2020 

Stab in the dark—assuming a link to equity and that "passing through" the balance sheet is cutespeak for not on the balance sheet. On the off-chance this is anywhere near close, there'd be no need to translate propriétaire since that would just be on the balance sheet, where all well-behaved accounting items belong.

In all three instances, (non) propriétaire seems related to working capital, which is current assets minus current liabilities, but in the first instance, we have payables minus receivables, so me confuzzled.

Plus this is insurance, so definitions of working capital won't be straightforward.

18:15 Mar 4, 2020 

It means it belongs to the company, like proprietary software.

18:08 Mar 4, 2020 

Thanks for adding the definition of BFR. I should've mentioned it in my question. The literal "proprietary" is always the fallback option, but I'd like to know what exactly "propriétaire" means in this context!

17:38 Mar 4, 2020 

= working capital requirement.
I don't fully understand the French, but I would have thought "proprietary" fits the context.