Glossary entry (derived from question below)
French term or phrase:
disposant .... en direct sur
English translation:
holding .... directly against
Added to glossary by
Adrian MM.
Nov 18, 2019 12:38
4 yrs ago
1 viewer *
French term
créance en direct
French to English
Bus/Financial
Finance (general)
XXX was a company in an international group which was doing well, but following restructuring found itself in an increasingly precarious situation, forced to borrow money from other companies in the group, whereas before it was lending them money.
"Or, d'une situation de prêteuse du groupe avant 2009, disposant de créances liquides et exigibles et en direct sur des sociétés du groupe, bénéficiant de ce fait d'une rémunération au titre des intérêts de ces prêts, la société XXX s'est trouvée à compter de 2010 dans une situation pérenne d'emprunteuse vis-à-vis du groupe, supportant de ce fait la charge d'une rémunération au titre des intérêts servis aux prêteurs."
I've done quite a bit of searching on "direct claim". "créance en direct" crops up as a French expression, but I'm not sure there is a direct read-across to "direct claim". You also find the French expression "créance directe", for example.
Why does the author here not merely say "disposant de créances liquides et exigibles et directes"? To me "en direct" has connotations either of "live" (as in "TV en direct") or possibly of "going straight to it".
Simple recherche de midi à quatorze heures ?
"Or, d'une situation de prêteuse du groupe avant 2009, disposant de créances liquides et exigibles et en direct sur des sociétés du groupe, bénéficiant de ce fait d'une rémunération au titre des intérêts de ces prêts, la société XXX s'est trouvée à compter de 2010 dans une situation pérenne d'emprunteuse vis-à-vis du groupe, supportant de ce fait la charge d'une rémunération au titre des intérêts servis aux prêteurs."
I've done quite a bit of searching on "direct claim". "créance en direct" crops up as a French expression, but I'm not sure there is a direct read-across to "direct claim". You also find the French expression "créance directe", for example.
Why does the author here not merely say "disposant de créances liquides et exigibles et directes"? To me "en direct" has connotations either of "live" (as in "TV en direct") or possibly of "going straight to it".
Simple recherche de midi à quatorze heures ?
Proposed translations
(English)
| 4 | holding .... directly against |
Adrian MM.
|
| 4 +2 | [liquid and payable] direct claim |
Eliza Hall
|
| 4 | direct receivables |
SafeTex
|
Change log
Nov 21, 2019 08:32: Adrian MM. Created KOG entry
Proposed translations
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
81
French term (edited):
disposant ..... en direct sur
Selected
holding .... directly against
sur des sociétés du groupe > against group companies.
My parsing (do not sub-parse that word) is that en direct acts adverbially for directement after disposant and does not agree with the créances that would, by that token, mean a direct e.g. transfer-pricing (UK accountants will hopefully understand) claim that would bypass the 'masse' (liquidator) on any insolvency.
NB author or *authoress*.
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Note added at 1 hr (2019-11-18 13:56:52 GMT)
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https://brattlefiles.blob.core.windows.net/files/7748_the_im...
My parsing (do not sub-parse that word) is that en direct acts adverbially for directement after disposant and does not agree with the créances that would, by that token, mean a direct e.g. transfer-pricing (UK accountants will hopefully understand) claim that would bypass the 'masse' (liquidator) on any insolvency.
NB author or *authoress*.
--------------------------------------------------
Note added at 1 hr (2019-11-18 13:56:52 GMT)
--------------------------------------------------
https://brattlefiles.blob.core.windows.net/files/7748_the_im...
Note from asker:
| I think I understand. Has the merit that it explains why the analysts (authors) might mention it at all... ("et en direct" does appear to draw attention to a significant point)... |
4 KudoZ points awarded for this answer.
Comment: "Thanks, think this is the gist."
+2
1 hr
Eliza Hall
United States
United States
Native in English
Works in field
United States
Lawyer-Translator-Certified Interpreter
Native in: English (Variants: British, UK, US, Scottish, Canadian, Irish)
Works in: French to English, English to French
Related KudoZ points
:
12
[liquid and payable] direct claim
"disposant de créances liquides et exigibles et en direct sur X" = "holding liquid and payable direct claims against X."
As for why it's "en direct," I think it's a stylistic choice made to avoid adding an adjective after the set phrase "créances liquides et exigibles." It sounds clunky and wrong to say "liquides et exigibles et directes," and since "créance liquide et exigible" is a set phrase, it would also sound wrong to change it into something stylistically smoother ("liquides, exigibles et directes").
So they needed another way to say it. "En direct" is one way to say directly, and it's used in the business and finance context:
"Couvrant ses clients dans près de 200 pays à travers le monde, en direct ou via des partenaires, Coface offre un service hautement personnalisé s’adaptant au profil du débiteur." https://www.coface.fr/Actualites-Publications/Actualites/Rec...
As for why it's "en direct," I think it's a stylistic choice made to avoid adding an adjective after the set phrase "créances liquides et exigibles." It sounds clunky and wrong to say "liquides et exigibles et directes," and since "créance liquide et exigible" is a set phrase, it would also sound wrong to change it into something stylistically smoother ("liquides, exigibles et directes").
So they needed another way to say it. "En direct" is one way to say directly, and it's used in the business and finance context:
"Couvrant ses clients dans près de 200 pays à travers le monde, en direct ou via des partenaires, Coface offre un service hautement personnalisé s’adaptant au profil du débiteur." https://www.coface.fr/Actualites-Publications/Actualites/Rec...
Peer comment(s):
| agree |
Wolf Draeger
: Basically, the loans XXX made to the other group entities (as opposed to acquiring them elsewhere).
6 hrs
|
|
Thank you.
|
|
| agree |
Michael Confais (X)
1 day 22 hrs
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Thanks.
|
11 hrs
direct receivables
Hello
This is a financial question, not a legal one, so I would use "receivables" and not "direct claim against someone" which is about indemnifying someone (see: https://www.lawinsider.com/dictionary/direct-claim)
Direct probably means there is no agent etc. involved
This is a financial question, not a legal one, so I would use "receivables" and not "direct claim against someone" which is about indemnifying someone (see: https://www.lawinsider.com/dictionary/direct-claim)
Direct probably means there is no agent etc. involved
Discussion
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