Glossary entry

English term or phrase:

backed by cash collateralized bank guarantees

French translation:

adossé à une garantie bancaire en numéraire

Added to glossary by Patricia Lane
Feb 19, 2006 21:32
18 yrs ago
English term

backed by cash collateralized bank guarantees

English to French Bus/Financial Finance (general) Mining Exploration
Under the terms of the Services Agreement, XXX must make payments to YYY for mobilization and demobilization of their equipment from site. The commitment of US$2.7 million related to these payments has been backed by cash collateralized bank guarantees.

Discussion

Germaine (asker) Feb 19, 2006:
Que pensez-vous de
"a été avalisé par des cautions bancaires garanties au comptant" ?

Proposed translations

+1
11 hrs
Selected

adossé à une garantie bancaire en numéraire

I've been pondering this one since last night trying to find a phrase that is both correct and "sounds" right. The above is as close as I can get. Collateral in Fr is nantissement, but does not exist as a verb and is thus cumbersome to include in the French translation.
Peer comment(s):

agree Huguette Matte : Oui, ou : ... en espèces
7 hrs
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Merci!"
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search