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Engagements reçus : cautions bancaires

English translation: Contingent assets / amounts contingently receivable: bank (bonds &) guarantees

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Engagements reçus : cautions bancaires
English translation:Contingent assets / amounts contingently receivable: bank (bonds &) guarantees
Entered by: Joshua Parker

20:37 Apr 10, 2020
French to English translations [PRO]
Bus/Financial - Accounting / Sommaire / rapport du commissaire aux comptes
French term or phrase: Engagements reçus : cautions bancaires
Title of a section in the table of contents of a statutory auditor's report for a French company.

Engagements reçus : cautions bancaires.

It doesn't help that the corresponding section in the report just says:
"Cautions bancaires :
Le montant total des cautions bancaires données par la société s'élève au 31 décembre 2018 à XXXXXXX €."

It's the "reçus" that is throwing me a bit. Given the context, should "engagements reçus" be read as "Commitments/liabilities undertaken", or perhaps "guarantees furnished"?
Unless "reçu" is being used in the "notarial" sense of "drawn up, executed"?
Joshua Parker
Mexico
Local time: 12:08
Contingent assets (amounts contingently receivable under) : bank bonds & guarantees
Explanation:
as opposed to engagements donnés: (contingent) liabilites outstanding/ amounts payable under bank guarantees. So no to "reçu" being used in the "notarial" sense of "drawn up, executed".

I remember, as an inhouse translator and interpreter at a translation office in London, having this barney with a City firm of investment brokers & accountancy clients all of 40 years ago - and these had been the translations such clients had suggested.
Selected response from:

Adrian MM.
Austria
Grading comment
Thank you. This makes sense now, in contrast to "engagements donnés"; the link provided by Daryo was also a great help.
4 KudoZ points were awarded for this answer



Summary of answers provided
3Contingent assets (amounts contingently receivable under) : bank bonds & guarantees
Adrian MM.
4 -1Guarantees : Bank guarantee
Rajinder Arora
4 -1liabilities received: refundable deposits
Francois Boye


Discussion entries: 1





  

Answers


52 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Contingent assets (amounts contingently receivable under) : bank bonds & guarantees


Explanation:
as opposed to engagements donnés: (contingent) liabilites outstanding/ amounts payable under bank guarantees. So no to "reçu" being used in the "notarial" sense of "drawn up, executed".

I remember, as an inhouse translator and interpreter at a translation office in London, having this barney with a City firm of investment brokers & accountancy clients all of 40 years ago - and these had been the translations such clients had suggested.


    Reference: http://eng.proz.com/personal-glossaries/entry/13568938-engag...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 41
Grading comment
Thank you. This makes sense now, in contrast to "engagements donnés"; the link provided by Daryo was also a great help.

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: Your translation does not match the expression submitted for translation//Liabilities, unlike assets, are the issue at hand.
1 day 19 hrs
  -> 1. It's not my translation, but the City of London accountant end-clients' and 2. the latter rejected my literal translation of commitments received on the assets side of the bal. sheet vs. given on the liabilities side.
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Guarantees : Bank guarantee


Explanation:
Une caution bancaire est un contrat stipulant qu’un organisme financier se porte caution pour l’un de ses clients et qu’il se substituera à lui, en cas de défaillance (ou d'impossibilité).

Example sentence(s):
  • Les conditions financières d’une caution bancaire fluctuent selon les banques, la somme empruntée, le montant des échéances et l’âge du débiteur.

    Reference: http://https://www.google.com/amp/s/www.capital.fr/votre-arg...
Rajinder Arora
India
Local time: 00:38
Native speaker of: Native in EnglishEnglish, Native in HindiHindi

Peer comments on this answer (and responses from the answerer)
neutral  Daryo: you forgot the "reçus" part..
21 hrs
  -> I don't think it is required in English version
disagree  Francois Boye: vous n'avez pas traduit 'Engagements reçus'
1 day 14 hrs
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
liabilities received: refundable deposits


Explanation:
The deposits are liablities. Because they were refunded, they become liabilities received.

The term refundable deposits refers to cash collected from credit customers that a company expects to return after a specified period of time, or when certain conditions are satisfied. When companies collect this money, the intention is to return it after a relatively brief period of time.


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Note added at 1 day 20 hrs (2020-04-12 16:57:20 GMT)
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Comment obtenir une caution bancaire ?
La caution bancaire a un fonctionnement particulier : pour obtenir une caution bancaire, vous devez verser au départ à votre banque une certaine somme d’argent qui sera bloquée pendant toute la durée du contrat de bail.

C’est cet argent déposé sur un compte bancaire bloqué qu’utilisera votre banque pour payer votre bailleur en cas de loyers impayés. Ce n’est donc pas véritablement une caution au sens habituel du terme. L’argent de la caution, ce n’est pas l’argent de la banque, mais le vôtre.

Exemple : si vous souhaitez que votre banque s’engage à verser jusqu’à 6 mois de loyer en cas d’impayés et que votre loyer (charges comprises) s’élèvent à 600 euros, vous devrez verser 6 x 600 = 3 600 euros sur le compte bloqué.

Bon à savoir : certaines banques ne proposent pas le mécanisme de la caution solidaire. Par ailleurs, les modalités et les conditions de la caution bancaire varient beaucoup d’un établissement à l’autre. N’hésitez pas à comparer les banques entre elles.



Francois Boye
United States
Local time: 15:08
Native speaker of: Native in FrenchFrench
PRO pts in category: 150

Peer comments on this answer (and responses from the answerer)
disagree  Daryo: "une cautions bancaire" is no money at all - it's only a "promise" to possibly pay some money in future in some specific circumstances IF THEY OCCUR // where from do you get "deposits" ???
21 hrs
  -> see above!
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