Glossary entry (derived from question below)
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.
Proposed translations
(French)
4 +1 | adossé à une garantie bancaire en numéraire | Patricia Lane |
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.
3 KudoZ points awarded for this answer.
Comment: "Merci!"
Discussion
"a été avalisé par des cautions bancaires garanties au comptant" ?