organisme nantisseur

13:40 Oct 22, 2019 

Yes, that's how I understand it too: the pledgor or customer does the pledging, the pledgee or guarantor does the securing, and the service provider wants to know who the pledgee is in case there is a change in ownership of the assets being stored.

The devil is in the details (not sure what that says about lawyers!).

13:26 Oct 22, 2019 

And of course now I can't find the reference I looked at to support my comment. This one isn't the most compelling:

https://fr.wiktionary.org/wiki/nantisseur

I'm thinking about it practically - why would the service provider want to know the ID of the "organisme nantisseur" if it was the pledgor? I may be wrong, but wouldn't the pledgor be the owner of the assets and therefore the "Client"? If the Client pledges its assets, thereby giving rights to a third party (the pledgee), the Service Provider would need their details to know how their own rights might be affected by the pledge.

Forgive me if I'm getting too bogged down in detail, we are after all translators and not lawyers.

13:25 Oct 22, 2019 

I see, Wolf, and have never visualised a pledge or a charging scenario from where the risk lies, rather from the angle of retention (nantissement) or surrender (gage- pawning) of phisical possession vs. change of legal title to the objects.

13:11 Oct 22, 2019 

@Adrian, on the surface it's a bit counterintuitive to me too, but how I understand it is the pledgor makes the pledge to the pledgee who guarantees the assets thus secured. So while gramamtically -or/er and -ee suggest the former is the active and the latter the passive party, semantically the pledgee is the one who 'does the doing' in the transaction by assuming the risk. Does that make sense?

12:23 Oct 22, 2019 

Excuse my ignorance, but isn't nantisseur a pledgor or chargor (the latter term used in UK bills of sale / chattel mortgages).

12:08 Oct 22, 2019 

I agree with @Wolf - pledgee is the term I would use to keep it neutral. The assets have been given as security for something, we don't know what, and the company storing them would need to know in case they were asked by the production company to transfer them (or do something with them that was detrimental to the interests of the pledgee).

20:33 Oct 19, 2019 

19:57 Oct 19, 2019 

Yes the digital assets are videos or songs or things of that nature because it's a production company that is storing their "assets" online digitally. So the company that they are storing them with has written up this contract and this is one of the clauses, probably to protect them just in case the production company pledges those "assets" (videos/music/works). The digital storage company needs to know that those things are pledged. But here I'm not sure what word to use because "pledging body" or "pledging organization" sounds really weird... I guess I'm just not looking at it from the right angle...

19:54 Oct 19, 2019 

Do the digital assets have monetary value (is the customer a film studio or an audiovisual production company)? If so, I can understand the cloud storage firm wanting to be notified of any possible changes in ownership if the assets are used to secure a loan or credit facility.