Glossary entry (derived from question below)
French term or phrase:
crédit documentaire opérationnel
English translation:
operational Letter of Credit
Added to glossary by
French2English
Mar 8, 2007 09:51
17 yrs ago
3 viewers *
French term
United Kingdom
BA(Hons), Dip Trans IOL, MCIL London
Native in: English
Works in: French to English, English
crédit documentaire opérationnel
Non-PRO
French to English
Law/Patents
Law: Contract(s)
letters of credit
The bit below is taken from a commercial contract for the supply of an industrial machine. I don't want to miss the word 'operationnel' out, as it is obviously there for a reason, but I have been unable to find any confirmation of the term 'operational letter of credit' in English, and am not sure that such a term exists. Do I need to paraphrase this and say something like:
'(after)... the letter of credit has been opened and rendered operational' ?
See second item listed in the article below:
Article 12 : Entrée en vigueur
Le présent marché entrera en vigueur après :
- signature du contrat par les deux parties
- ouverture du ***crédit documentaire opérationnel***
- mise en place de la caution de restitution d’acompte
'(after)... the letter of credit has been opened and rendered operational' ?
See second item listed in the article below:
Article 12 : Entrée en vigueur
Le présent marché entrera en vigueur après :
- signature du contrat par les deux parties
- ouverture du ***crédit documentaire opérationnel***
- mise en place de la caution de restitution d’acompte
Proposed translations
(English)
| 5 | operational Letter of Credit |
Laetitia Chemin
|
| 3 | transaction-specific documentary credit |
rkillings
|
Proposed translations
13 mins
Laetitia Chemin
France
France
Native in French
Specializes in field
France
Your own words and style, in French
Native in: French 
Works in: English to French, Spanish to French, Italian to French
Selected
operational Letter of Credit
The term "operational" is often used as such in Law.
Example sentence:
leasing opérationnel/ operational lease
Time of Shipment: within 30 (thirty) days +/-10 (ten) days after receipt of operational Letter of Credit
4 KudoZ points awarded for this answer.
Comment: "This was good enough for me. I take rkillings point, and am sure that it is correct...but I didn't have a problem with 'operational' to mean 'which has been opened' or 'which has come into force'... thanks to both answers."
21 hrs
transaction-specific documentary credit
There is nothing operational (in the business/accounting sense) about a letter of credit (for which 'documentary credit' is the less old-fashioned synonym). I think "opérationnel" here refers to the financing 'operation', which we would call a transaction in English.
Discussion