Feb 24, 2020 17:27

4 yrs ago

18 viewers *

English term

Yves Barry Ben

France

318 questions

Outstanding Letter of Credi (L/C)

English to French Law/Patents Law: Contract(s) LOAN AGREEMENT

Company XX
CUMULATIVE SUMMARY OF DISBURSEMENTS AND GUARANTEES
(Attached to Request for Disbursement No. _________ Date:
________________
1.
Loan Amount :
Kshs.
________________
2.
Less:
a. Amounts Disbursed to date :
_________________ :
b. Outstanding L/C or

Proposed translations (French)

3	Engagements de crédit (sur) Lettres de crédit documentaire	Daryo
4 -1	lettre de crédit impayés	Marcombes (X)

Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): mchd

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Discussion

Daryo Feb 24, 2020:

This is presented from the viewpoint of the issuer of the L/C - the one that has to make the payment. That money may not have been collected yet by the beneficiary, but from the viewpoint of the issuer that money is as good as already gone (or will be in a near future). One way or another it's a pending obligation - a payment to be made.

You could see these amounts as made available to the other party but not yet collected = "non encaissé"

Germaine Feb 24, 2020:

Comme on parle d'un résumé cumulatif des [décaissements][tirages][versements][paiements] et garanties, je suis tentée de lire "lettres de crédit en circulation" ou "crédit documentaire en circulation" ou encore "solde de crédit documentaire", mais devant une soustraction... bizarre, me semble. Encore que ça dépend de la présentation comptable, ou alors, de la fin de la phrase, qui pourrait faire pencher pour le contraire, l'encours, par exemple.

Voilà déjà la définition de la chose:
https://www.lawinsider.com/dictionary/outstanding-letter-of-...

Proposed translations

6 hrs

Daryo

United Kingdom

4913 answers

Native in French

Specializes in field

English term (edited): outstanding letter of credit (l/c)

Selected

Engagements de crédit (sur) Lettres de crédit documentaire

Might be a better term, but that's what it is

Engagements de crédit = obligation taken to pay some money ("give credit")
related to:
Lettres de crédit documentaire

http://www.corporatedata.org/corporation/c/xt7k4N7kwujKyMLow...

see NOTE 21

Peer comment(s):

agree	Maïté Mendiondo-George 18 hrs
	Merci!
disagree	GILLES MEUNIER : crédit documentaire on ne parle pas de lettre de crédit documentaire 2 days 9 hrs
	Are you using a random word generator to make these nonsensical excuses to play with the red button? Do some research about "crédit documentaire" ...

4 KudoZ points awarded for this answer.

-1

7 mins

Marcombes (X)

France

3974 answers