Feb 22, 2022 10:44
2 yrs ago
41 viewers *
French term
France
Excellence, Expertise & Experience
Native in: English (Variants: UK, Scottish, Irish, British, Wales / Welsh)
Works in: French to English, English
avance ferme
French to English
Bus/Financial
Finance (general)
Email request - print-out
"[Name of email account, i.e. the recipient of the name]
De : xxxx
Envoyé : xxxx
A : xxxx
Objet : AVIS D'ECHEANCE avance ferme
Veuillez procéder à la remise des placements au plus tard deux jours ouvrables (14h00) avant la date de valeur."
De : xxxx
Envoyé : xxxx
A : xxxx
Objet : AVIS D'ECHEANCE avance ferme
Veuillez procéder à la remise des placements au plus tard deux jours ouvrables (14h00) avant la date de valeur."
Proposed translations
(English)
| 4 +2 | fixed advance |
AKAH OKWEN ARNOLD FLORENT
|
| 3 -1 | bullet advance, AmE |
Adrian MM.
|
Proposed translations
+2
14 mins
AKAH OKWEN ARNOLD FLORENT
Cameroon
Cameroon
Native in English
Specializes in field
Cameroon
PT/FR>English Professional translator
Native in: English (Variant: British) 
Works in: French to English, English to French, Portuguese to English
Related KudoZ points
:
12
Selected
fixed advance
"This is a form of short-term credit which allows the bank to provide the business with a fixed advance of a specific amount, for a specific period (which cannot be modified) and at a fixed rate of interest set in advance for the whole period.
Note from asker:
| Yes, the loan is for a fixed term, seemingly at a fixed rate of interest. |
Peer comment(s):
| agree |
Anastasia Kalantzi
: https://www.lawinsider.com/dictionary/fixed-advance But I was also thinking of the term ''firm advance''The firm advance is possible in CHF, EUR, USD as well as in the main common currencies.
2 hrs
|
| agree |
philgoddard
5 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thanks to everybody who contributed! But I'm not sure enough about this answer to enter it in the Kudoz open glossary. "
-1
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
81
French term (edited):
avance ferme, CH
bullet advance, AmE
Note that is preceded by 'avis d'échéance' > notice of fixed-date maturity, comparing and contrasting a Swiss 'Fixgeschäft'.
Otherwise, ferme can mean outright or prise ferme > underwritten.
In this instance, no 'reliable' translator's answers can be relied upon - query: for the kiss of death - as there aren't any in the Glossaries in any French language combination.
Otherwise, ferme can mean outright or prise ferme > underwritten.
In this instance, no 'reliable' translator's answers can be relied upon - query: for the kiss of death - as there aren't any in the Glossaries in any French language combination.
Example sentence:
. When a financial institution uses a bullet advance, FHLBank Indianapolis is locked in until maturity.
Reference:
http://www.fhlbi.com/docs/default-source/memberlink-accessible/bullet-advances_2018.pdf?sfvrsn=2
http://www.proz.com/kudoz/german-to-english/bus-financial/428432-fixgeschäft.html#1109330
Peer comment(s):
| disagree |
philgoddard
: A bullet loan is one where the principal and interest are repaid in one instalment. French uses the English word, or "balle", or "in fine".
4 hrs
|
|
Le remboursement ....a lieu seulement à l'expiration de la durée du crédit. https://www.raiffeisen.ch/rch/fr/clients-entreprises/investi...
|
|
| neutral |
AllegroTrans
: Why does Conor need US English? and hasn't Phil got a valid point?
7 hrs
|
|
Conor's clients might - and, no. Phil hasn't. Le remboursement ....a lieu seulement à l'expiration de la durée du crédit https://www.raiffeisen.ch/rch/fr/clients-entreprises/investi...
|
Discussion
Going on another document which is part of the set of documents provided, this refers to a loan.
"Subject: RE AVIS D'ECHEANCE avance ferme
Dear Xxxxxxxxxxxx,
Please can you execute the following loan instruction:
(Yyyyyyyyyyyyyyy [private banking client's account number]) Please add interest and roll for one month.
(Xxxxxxxxxxxxxxxxxx) [amount of loan in USD]
Kind regards,
Xxxxx Yyyyyyyyyyy (name of employee of the client)"
The client of the bank (Credit Suisse) is an investment banking company.
- F+ Augment. - F- Reduction (sic) - F Prorogation - A Annullation (sic)"
Mont. place : Mont. de mutation :
Taux int: [...]"
Valable au : 30.06.20XX Cat. créd : 402
***03.03.20XX - 30.05.20XX***"
20XX is the same year in the three instances.
The bank involved is Credit Suisse (now styling its name without an accent on the "e" in credit).
Perhaps the last line there is a clue?
A definition of "avance ferme", in a Swiss context, is provided here:
https://www.bcge.ch/fr/avance-ferme-entreprises