Glossary entry (derived from question below)
French term or phrase:
... les créances de la banque de couverture
English translation:
... the amounts owed to the hedging bank
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Apr 8, 2014 13:37
10 yrs ago
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French term
... les créances de la banque de couverture
French to English
Bus/Financial
Finance (general)
Subordination Agreement
"l'emprunteur procède au remboursement anticipé de tout ou partie des créances senior (autres que les créances de la banque de couverture)"
This is in a Subordination Agreement. I have found "Hedging Bank", "Reimbursement Bank" and "Cover Bank" as possible translations, but not a great deal when I Google these terms.
In the "terminology" section of the agreement, I have the explanation"Banques de Couverture" désigne le ou les Prêteurs Senior ayant conclu un Contrat de Couverture..." so I understand if they are lenders, then reimbursement obviously comes into it but I am unsure of which term is commonly used in English.
This is in a Subordination Agreement. I have found "Hedging Bank", "Reimbursement Bank" and "Cover Bank" as possible translations, but not a great deal when I Google these terms.
In the "terminology" section of the agreement, I have the explanation"Banques de Couverture" désigne le ou les Prêteurs Senior ayant conclu un Contrat de Couverture..." so I understand if they are lenders, then reimbursement obviously comes into it but I am unsure of which term is commonly used in English.
Proposed translations
(English)
| 4 +1 | ... the amounts owed to the hedging bank |
rkillings
|
Proposed translations
+1
4 hrs
Selected
... the amounts owed to the hedging bank
The borrower is agreeing to pay off, before maturity, all or part of the senior claims other than what it owes to the hedging bank under the agreement.
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Comment: "Thanks for your help with this."
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