Jan 18, 2023 06:45
1 yr ago
37 viewers *
French term
Norway
intermédier les marchés
French to English
Bus/Financial
Investment / Securities
quantitive easing / quantitive tightening
Hi all,
I'm translating a financial report about quantitive easing and tightening by the US Federal Reserve from French (France) into English (UK) and am having trouble with the phrase above. Please see below for context.
La Réserve fédérale américaine a démarré, en juin 2022, un programme de réduction de la taille de son bilan (QT2). La réglementation bancaire pourrait toutefois venir contrarier ses ambitions. Déjà, le premier programme de resserrement quantitatif (QT1), lancé en octobre 2017 par la Fed, avait été interrompu prématurément en raison des exigences de liquidité imposées aux banques. Les contraintes bilancielles pourraient à leur tour précipiter l’arrêt de QT2. Le resserrement de la norme de levier a d’ores et déjà réduit la capacité des banques à intermédier les marchés secondaires des titres du Trésor américain alors que les besoins de financement de l’État fédéral ne cessent de croître.
Any suggestions please? Thanks in advance for your help!
I'm translating a financial report about quantitive easing and tightening by the US Federal Reserve from French (France) into English (UK) and am having trouble with the phrase above. Please see below for context.
La Réserve fédérale américaine a démarré, en juin 2022, un programme de réduction de la taille de son bilan (QT2). La réglementation bancaire pourrait toutefois venir contrarier ses ambitions. Déjà, le premier programme de resserrement quantitatif (QT1), lancé en octobre 2017 par la Fed, avait été interrompu prématurément en raison des exigences de liquidité imposées aux banques. Les contraintes bilancielles pourraient à leur tour précipiter l’arrêt de QT2. Le resserrement de la norme de levier a d’ores et déjà réduit la capacité des banques à intermédier les marchés secondaires des titres du Trésor américain alors que les besoins de financement de l’État fédéral ne cessent de croître.
Any suggestions please? Thanks in advance for your help!
Proposed translations
(English)
| 3 +2 | act as intermediaries in the trading of x |
Thomas Miles
|
| 4 +1 | to broker in the secondary markets of treasuries |
Francois Boye
|
| 4 | Intermediated market |
Etienne Thems
|
Proposed translations
+2
49 mins
Thomas Miles
France
France
Native in English
France
FR/AR-EN, broad range of domains
Native in: English 
Works in: French to English, Arabic to English, Italian to English
Related KudoZ points
:
4
French term (edited):
intermédier x
Selected
act as intermediaries in the trading of x
Simplified example of 'intermédier' in use: https://www.linkedin.com/pulse/un-nouveau-4-à-montmartre-ala...
Another good example that clarifies who does what: https://parisactionclimat.paris.fr/fr/akuocoop-devient-la-pr...
Document with lots of references to 'intermediaries': https://www.sec.gov/files/US-Credit-Markets_COVID-19_Report....
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Note added at 51 mins (2023-01-18 07:37:10 GMT)
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For your text you could adapt as 'act as intermediaries on the ... for ...'
Peer comment(s):
| agree |
Gladis Audi, DipTrans
: Oui. Act as intermediaries in the secondary market for U.S. Treasury Securities as the federal government's funding needs continue to grow.
6 mins
|
|
Thanks Gladis.
|
|
| agree |
José Julián Díaz
7 hrs
|
|
Thanks José.
|
|
| neutral |
Francois Boye
: You seem to ignore the concept of intermediated market
11 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
36 mins
Etienne Thems
Canada
Canada
Native in French
&
English
Works in field
Canada
Never Give Up No Matter what Try Again!
Native in: French (Variants: Belgian, Standard-France, Luxembourgish, Canadian, Swiss) 
, Lingala , English (Variants: US, UK, South African, French, Canadian) , Swahili
Works in: French to English, Lingala to English, Swahili to English, and 60 more.
Intermediated market
A financial market in which some financial institution stands between counterparties to financial transactions
Peer comment(s):
| neutral |
Francois Boye
: Your definition is correct, but does not fit the expression submitted for translation. You should say 'To broker in intermediated markets'
8 hrs
|
+1
1 day 7 hrs
Francois Boye
United States
United States
Native in French
United States
An economic geek with social skills
Native in: French
Works in: English to French, French to English, Spanish to English, and 1 more.
Related KudoZ points
:
36
French term (edited):
intermédier les marchés decondaires des titres du Trésor américain
to broker in the secondary markets of treasuries
The broker is the typical intermediary in any market. Ithe broker can be an individual or a firm.
In this case, the broker buys treasuries from the US Treasury and sells them to the public.
Treasuries are the financial name of the securities issued by the US Treasury. There are different treasuries, because each class of treasuries have a specific term.
In this case, the broker buys treasuries from the US Treasury and sells them to the public.
Treasuries are the financial name of the securities issued by the US Treasury. There are different treasuries, because each class of treasuries have a specific term.
Discussion
https://www.google.co.uk/search?q="intermedier les marches"&...
norme de levier = leverage ratio
See https://en.wikipedia.org/wiki/Basel_III#Leverage_ratio
resserrement quantitatif = quantative tightening
This seems to be the basic idea: "intervene" or "buy up bonds".
"Eurozone leaders draw up radical plan to safeguard euro"
https://www.theguardian.com › business › jul › eurozon...
Jul 21, 2011 — Under the radical plan, the fund would be able to intervene on the secondary markets to buy up the bonds of struggling debtor countries, ...
See https://www.investopedia.com/quantitative-tightening-6361478