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compétence du marché
B. de bien
Jun 5, 2017 17:01
6 yrs ago
18 viewers *
français term

arbitrage d’avoirs disponibles

français vers anglais Affaires / Finance Finance (général) Pensions schemes - employee share ownership scheme
Le Conseil d’administration fixe le montant nominal maximal global de l’augmentation de capital à xxxxxxxx € par l’émission de xxxxxxx actions à souscrire en numéraire de x.xx € nominal et décide que cette augmentation de capital se subdivisera en trois tranches distinctes.
Afin de faciliter une éventuelle réduction* le montant nominal global n’est pas réparti entre les trois tranches.
Néanmoins en cas de réduction, la méthodologie employée nécessite le maintien de tranches distinctes puisque les flux d’investissement alors réduits diffèrent entre les tranches (rémunération financière, versement volontaire, arbitrage d’avoirs disponibles et abondement).

Hi all,

This (large) company are issuing shares to members of their pension/savings scheme. The expression I'm not sure about is "arbitrage d'avoirs disponibles..."

Any suggestions/help would be greatly appreciated.

Thanks,
David
Proposed translations (anglais)
3 +1 arbitrage of available/disposable assets
4 trade-off among disposable assets
4 -1 arbitration of available assets
3 -1 reallocation of liquid assets

Proposed translations

+1
1 heure
Selected

arbitrage of available/disposable assets

"Arbitration" is not correct, being a method of dispute resolution

What is 'Arbitrage'?

Arbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. Arbitrage exists as a result of market inefficiencies.

Read more: Arbitrage http://www.investopedia.com/terms/a/arbitrage.asp#ixzz4j9gDI...
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Peer comment(s):
agree Daryo : although it's not very clear what is subjected to arbitrage in this ST
2 heures
I think it means the company's realisable assets - presumably they have fluctuating market prices whatever they are (precious metals?)
disagree Francois Boye : disposable assets have roughly the same returns. So what's the point of using the financial concept of arbitrage?//it is incorrect to think that 'arbitrage' has no meaning but financial: http://www.cnrtl.fr/definition/arbitrage
3 heures
I think you would need to ask the writer of the document - he/she clearly refers to arbitrage
agree philgoddard
6 heures
thanks
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks AllegroTrans."
-1
22 minutes

arbitration of available assets

Peer comment(s):
neutral AllegroTrans : dispute resolution?
1 heure
disagree Daryo : They may sound very similar, but "arbitration" and "arbitrage" are completely different beasts, from two different habitats....
3 heures
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-1
43 minutes

reallocation of liquid assets

https://www.interepargne.natixis.com/jcms/dat_6912/fr/parlez...

Arbitrage
Possibilité de modifier son type de placement pendant la durée de blocage au sein d’un même dispositif / plan, par transfert d'un FCPE [Fonds Commun de Placement d’Entreprise] à un autre FCPE. L’arbitrage n’a aucune incidence sur la durée de blocage des avoirs. En cas d’arbitrage d’avoirs disponibles, ces derniers restent disponibles.

http://money.usnews.com/money/blogs/the-smarter-mutual-fund-...
Reallocation allows you to maintain a portfolio that’s tailored to your needs and reflects prevailing market conditions. [...]
Allocating investments is the process of deciding which percentage of your retirement savings you’ll place into each investing asset class. [...]
Because there are so many variables that are constantly shifting, portfolio reallocation is as important as any part of your retirement investing strategy.
Peer comment(s):
disagree nigel45 : allocation of available assets.
54 minutes
neutral Daryo : Yes for the explanation in FR, but not sure that it corresponds to your proposed translation.
3 heures
Something went wrong...
3 heures

trade-off among disposable assets

http://voxeu.org/article/trade-between-efficiency-and-equity

--------------------------------------------------
Note added at 5 hrs (2017-06-05 22:29:31 GMT)
--------------------------------------------------

trade-off means in economics that limited resources must be allocated among several assets. As a result, all assets cannot increase at the same time; there is a trade-off among them.
Peer comment(s):
disagree Daryo : Can't see how you could justify making the (il)logical jump from "trade-off between properties / characteristics of one and same group of assets" [in your ref.] to a "trade-off between assets"???
51 minutes
you cannot increase the share of all disposable assets at the same time!
neutral AllegroTrans : cannot see how arbitrage becomes trade-off
2 heures
you cannot increase the share of all disposable assets at the same time!
agree Adam Warren : trade-off is perfectlfy legitimate; the English term "arbitrage" does not apply here, having a highly specialised meaning.
1 jour 18 heures
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