Glossary entry (derived from question below)
French term or phrase:
nivellement (de compte)
English translation:
zero balancing [a master account]
Added to glossary by
JackieMcC
Jun 1, 2004 14:52
20 yrs ago
17 viewers *
French term
nivellement (de compte)
French to English
Bus/Financial
Finance (general)
banking
context: consolidation of bank accounts. Here are two examples of use:
"nivellement vers le compte centralisateur des soldes créditeurs (des comptes secondaires)"
"le nivellement, c'est à dire la mise à niveau automatique des comptes secondaires par débit ou crédit de ces comptes".
I have found drawdown as a suggested translation, which would work for the first example above but not for the second. A google search hasn't found any examples of the term levelling (of accounts/account balances).
Thanks
"nivellement vers le compte centralisateur des soldes créditeurs (des comptes secondaires)"
"le nivellement, c'est à dire la mise à niveau automatique des comptes secondaires par débit ou crédit de ces comptes".
I have found drawdown as a suggested translation, which would work for the first example above but not for the second. A google search hasn't found any examples of the term levelling (of accounts/account balances).
Thanks
Proposed translations
(English)
| 5 | zero balancing [a master account] |
Jane Lamb-Ruiz (X)
|
| 4 +1 | sweep |
Julia Gal
|
Proposed translations
1 hr
Selected
zero balancing [a master account]
sweeping=bringing accounts in from all over the place
pooling=putting them all together
zero balancing= what pooling does
nivellement= zero balancing
File Format: PDF/Adobe Acrobat - View as HTML
... Zero Balancing Zero Balancing is a cash pooling service for the concentration of funds within a company, or a group of companies, into one account - the top ...
www.nordea.com/ appx/eng/pdf/cm/Cash_Pool_Services_Zero_Balancing.pdf - Similar pages
Nordea Cash Management, Zero balancing ****Zero balancing is a cash pooling service for the concentration of funds within a company, or a group of companies, into one account*** - the top account. ...
www.nordea.com/ nor/services/cm/zero_balancing.ASP?navi=cm_liquidity&item=balancing - 23k - Cached - Similar pages
[ More results from www.nordea.com ]
DBS Bank - Corporate Banking, Cash Management, Zero Balance ...... Pooling allows you to pool your funds together to achieve maximum returns on your account balances. A zero account balance structure will assist you in ...
www.dbs.com/sg/corporate/cashmanagement/pooling/ - 17k - Cached - Similar pages
--------------------------------------------------
Note added at 1 hr 3 mins (2004-06-01 15:56:01 GMT)
--------------------------------------------------
OR POOLING...but not sweeping...sweep just means to get the funds from different sources not the METHOD of accounting which is called zero balancing
--------------------------------------------------
Note added at 9 hrs 29 mins (2004-06-02 00:22:31 GMT)
--------------------------------------------------
in order to zero balance, you have to sweep and pool..get it??
It\'s called zero balancing: here\'s MORE PROOF:
... en fonction du niveau auquel le nivellement s\'opère: Zero Balancing: tous les ... Target
Balancing: un compte n\'est nivelé que lorsque le solde créditeur est ...
corporate.dexia.be/fr/products/f_cash_nivellering.htm - 13k - Cached - Similar pages
BBL - [ Translate this page ]
... Zero balancing (nivellement des comptes). Les groupes de sociétés ont recours
à ****cette technique pour concentrer leur trésorerie sur un compte principal.**** ...
www.interex.be/cashmanagement_bef.htm - 30k - Cached - Similar pages
--------------------------------------------------
Note added at 21 hrs 45 mins (2004-06-02 12:38:09 GMT)
--------------------------------------------------
Note to Tom
You changed your post so mine in answer disappeared. Nivellement means to bring down to nothing. Ergo, semantically, zero balancing makes sense. Zero balancing is the GENERIC term for grouping all deposits under one account. It\'s from the point of view of the deposit holder..in order to zero balance, the other accounts are swept [the money is swept out of all the accounts] and they are pooled into one account. It is a technique and NOT The name of an account. There\'s the skinny on that.
pooling=putting them all together
zero balancing= what pooling does
nivellement= zero balancing
File Format: PDF/Adobe Acrobat - View as HTML
... Zero Balancing Zero Balancing is a cash pooling service for the concentration of funds within a company, or a group of companies, into one account - the top ...
www.nordea.com/ appx/eng/pdf/cm/Cash_Pool_Services_Zero_Balancing.pdf - Similar pages
Nordea Cash Management, Zero balancing ****Zero balancing is a cash pooling service for the concentration of funds within a company, or a group of companies, into one account*** - the top account. ...
www.nordea.com/ nor/services/cm/zero_balancing.ASP?navi=cm_liquidity&item=balancing - 23k - Cached - Similar pages
[ More results from www.nordea.com ]
DBS Bank - Corporate Banking, Cash Management, Zero Balance ...... Pooling allows you to pool your funds together to achieve maximum returns on your account balances. A zero account balance structure will assist you in ...
www.dbs.com/sg/corporate/cashmanagement/pooling/ - 17k - Cached - Similar pages
--------------------------------------------------
Note added at 1 hr 3 mins (2004-06-01 15:56:01 GMT)
--------------------------------------------------
OR POOLING...but not sweeping...sweep just means to get the funds from different sources not the METHOD of accounting which is called zero balancing
--------------------------------------------------
Note added at 9 hrs 29 mins (2004-06-02 00:22:31 GMT)
--------------------------------------------------
in order to zero balance, you have to sweep and pool..get it??
It\'s called zero balancing: here\'s MORE PROOF:
... en fonction du niveau auquel le nivellement s\'opère: Zero Balancing: tous les ... Target
Balancing: un compte n\'est nivelé que lorsque le solde créditeur est ...
corporate.dexia.be/fr/products/f_cash_nivellering.htm - 13k - Cached - Similar pages
BBL - [ Translate this page ]
... Zero balancing (nivellement des comptes). Les groupes de sociétés ont recours
à ****cette technique pour concentrer leur trésorerie sur un compte principal.**** ...
www.interex.be/cashmanagement_bef.htm - 30k - Cached - Similar pages
--------------------------------------------------
Note added at 21 hrs 45 mins (2004-06-02 12:38:09 GMT)
--------------------------------------------------
Note to Tom
You changed your post so mine in answer disappeared. Nivellement means to bring down to nothing. Ergo, semantically, zero balancing makes sense. Zero balancing is the GENERIC term for grouping all deposits under one account. It\'s from the point of view of the deposit holder..in order to zero balance, the other accounts are swept [the money is swept out of all the accounts] and they are pooled into one account. It is a technique and NOT The name of an account. There\'s the skinny on that.
4 KudoZ points awarded for this answer.
Comment: "Thanks very much for all the information on this ... as regards sweeping vs. zero balancing, my particular document refers to a sweeping service (using the English word sweeping) and then uses the term nivellement when describing the actual process in detail, so zero balancing definitely seems right here. Thanks again ! "
+1
22 mins
sweep
In the UK, some banks offer a service called a "sweep", where on a certain day each month, the balance of the current account is automatically levelled off at a certain amount, with any surplus funds being transferred to a savings account and any deficit being drawn on a separate overdraft account.
--------------------------------------------------
Note added at 26 mins (2004-06-01 15:18:51 GMT)
--------------------------------------------------
http://www.abbey.com/index/personal_banking_home/sweep_facil...
http://www.co-operativebank.co.uk/personal/offshore_sweep.ht...
--------------------------------------------------
Note added at 26 mins (2004-06-01 15:18:51 GMT)
--------------------------------------------------
http://www.abbey.com/index/personal_banking_home/sweep_facil...
http://www.co-operativebank.co.uk/personal/offshore_sweep.ht...
Peer comment(s):
| agree |
Vicky Papaprodromou
13 mins
|
| agree |
Tom Bishop
2 hrs
|
| disagree |
Jane Lamb-Ruiz (X)
: in order to zero balance, you have to sweep and pool...really
9 hrs
|
Something went wrong...