Glossary entry

French term or phrase:

compte titre individuel au porteur

English translation:

individual bearer securities account

Added to glossary by Lavinia Pirlog
Mar 20, 2012 20:19
12 yrs ago
4 viewers *
French term

compte titre individuel au porteur

French to English Bus/Financial Finance (general)
Vous êtes bénéficiaire du Plan Mondial d’Attribution Gratuite d’Actions décidé par le Conseil d’Administration. Sur demande expresse de votre part, vous avez la possibilité de placer vos actions sur un compte titre individuel au porteur.

Proposed translations

11 hrs
Selected

individual securities account as/in the form of bearer securities

- Should be compte titreS = securities account -- the only way shares can be held in France, because they are dematerialised (no certificate).
- It is an individual account, not a collective one.
- It is the titres that are au porteur: 'bearer securities', i.e., not registered with the issuing company in the name of the holder (nominatif), but notwithstanding the absence of a physical certificate, still described as 'bearer'.

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Note added at 11 hrs (2012-03-21 07:36:33 GMT)
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The translation would not change if the issuer is not in France and the shares are certificated.
Peer comment(s):

neutral cc in nyc : Maybe "individual bearer account" (but never mind certificate/book form)
6 hrs
It's surely not "bearer account" per se. Alain's version works because "bearer" modifies the securities, not the account.
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23 hrs
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