Glossary entry (derived from question below)
French term or phrase:
remboursement au jour le jour
English translation:
calculated prorata temporis ... per day
Added to glossary by
Swiss Bankers
Jun 10, 2015 16:40
8 yrs ago
3 viewers *
French term
remboursement au jour le jour
French to English
Bus/Financial
Finance (general)
Convertible bonds issue agreement
"Intérêts
les OC produiront un intérêt annuel de 12 % l’an, du montant total de souscription payable annuellement, par coupon, à la date anniversaire de l’émission, soit au plus tard au 30 juin de chaque année et pour la première fois au plus tard le 30 juin 2016 et la dernière fois, par exception, le 30 juin 2020.
Les intérêts sont calculés sur le fondement d’une année civile soit sur 365 jours.
En cas de conversion et/ou de remboursement de tout ou partie des OC, les intérêts seront versés après calcul prorata temporis jusqu’à la date de conversion ou de remboursement au jour le jour, sur la base d’une année civile forfaitaire (365 jours), en arrondissant le chiffre en résultant au centime inférieur le plus proche."
Thank you for your help.
les OC produiront un intérêt annuel de 12 % l’an, du montant total de souscription payable annuellement, par coupon, à la date anniversaire de l’émission, soit au plus tard au 30 juin de chaque année et pour la première fois au plus tard le 30 juin 2016 et la dernière fois, par exception, le 30 juin 2020.
Les intérêts sont calculés sur le fondement d’une année civile soit sur 365 jours.
En cas de conversion et/ou de remboursement de tout ou partie des OC, les intérêts seront versés après calcul prorata temporis jusqu’à la date de conversion ou de remboursement au jour le jour, sur la base d’une année civile forfaitaire (365 jours), en arrondissant le chiffre en résultant au centime inférieur le plus proche."
Thank you for your help.
Proposed translations
(English)
| 4 +1 | calculated prorata temporis ... per day |
Daryo
|
| 4 +2 | repayment, on a daily basis |
philgoddard
|
Proposed translations
+1
4 hrs
French term (edited):
calcul prorata temporis ... au jour le jour
Selected
calculated prorata temporis ... per day
les intérêts seront versés après [calcul prorata temporis]+[jusqu’à la date de conversion ou de remboursement]+ [au jour le jour], sur la base d’une année civile forfaitaire (365 jours)
=
even if it's a leap year, the annual interest rate is divided by 365 and that daily interest rate is applied for the period ending on the day when the repayment was really made.
the term to translate is "au jour le jour" and is part of "calcul prorata temporis ... au jour le jour"
it's an indication of the method used to calculate interests due OR claimed.
IOW instead or rounding the period for which the interest is calculated to a fixed day in the month or the week, the effective number of days from when the amount is due and when it's paid in used for the calculation.
IOW the interest is calculated per day
=
even if it's a leap year, the annual interest rate is divided by 365 and that daily interest rate is applied for the period ending on the day when the repayment was really made.
the term to translate is "au jour le jour" and is part of "calcul prorata temporis ... au jour le jour"
it's an indication of the method used to calculate interests due OR claimed.
IOW instead or rounding the period for which the interest is calculated to a fixed day in the month or the week, the effective number of days from when the amount is due and when it's paid in used for the calculation.
IOW the interest is calculated per day
4 KudoZ points awarded for this answer.
Comment: "thank you, Daryo"
+2
6 mins
philgoddard
United States
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Related KudoZ points
:
253
repayment, on a daily basis
I think you may be parsing the sentence wrongly, perhaps because of the punctuation. "Au jour le jour" refers to "les interêts sont versés", not "remboursement", so it means the interest is charged daily.
Note from asker:
| My bad (though I'd say "redemption" instead of repayment). Thanks, Phil. |
| thank you, Phil |
Peer comment(s):
| agree |
Nikki Scott-Despaigne
2 hrs
|
| neutral |
Daryo
: what exactly is that supposed to mean? repayments are made every single day? Any references?
3 hrs
|
|
The other two people who agreed with me seem to understand it perfectly well.
|
|
| neutral |
AllegroTrans
: intrerest calculated daily but surely not paid daily?
3 hrs
|
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Of course not. That goes without saying.
|
|
| agree |
papier
9 hrs
|
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