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English translation: asset-backed securities

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:créances adossées à des actifs
English translation:asset-backed securities
Entered by: Swiss Bankers

07:49 Jul 2, 2014
French to English translations [PRO]
Bus/Financial - Finance (general) / (AMF) Formulaire de notification d’exercice d’activité
French term or phrase: créances adossées à des actifs
Very similar to the question I asked 5 min ago.

The last 4 words mean "asset-backed": it's "creances" I'm not sure about here.


"Les investissements immobiliers qui seront réalisés auront pour but de dégager un revenu régulier pour les clients d’ABC Company et de créer de la valeur dans le cadre d’une gestion dynamique basée principalement sur l’expertise immobilière de la société et sur des équipes locales d’assets managers : identification d’actifs immobiliers, type d’actif, connaissance du marché, conjoncture économique et état des marchés financiers. Les investissements immobiliers peuvent couvrir toute typologie d’actifs : bureaux, commerces, résidentiel, industriel, logistique, hôtelier ou autres secteurs alternatifs (loisirs, médical, logement étudiants, …).
ABC Company pourra investir ou conseiller d’investir dans des créances adossées à des actifs ou portefeuilles immobiliers ou des infrastructures."

Many thanks
Swiss Bankers
Local time: 23:08
asset-backed securities
Explanation:
Universally abbreviated as ABSs. The archetypal securitisation vehicles.

'Securities' is correct here for "créances": the thing that is backed is necessarily a financial instrument. The assets used to back it are typically 'receivables': loan receivables, credit card receivables, etc.

But keep 'mortgage' out of it. Mortgage-backed securities (MBSs) are just *one* type of ABS -- one where all the assets backing it are mortgage-loan receivables. Even in a real estate context, not all property loans are mortgage loans.
Selected response from:

rkillings
United States
Local time: 14:08
Grading comment
thank you, RK
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1mortgage backed securities
Octavio Armendariz
4asset-backed securities
rkillings


  

Answers


7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
mortgage backed securities


Explanation:
A type of asset-backed security that is secured by a mortgage or collection of mortgages. These securities must also be grouped in one of the top two ratings as determined by a accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments. Furthermore, the mortgage must have originated from a regulated and authorized financial institution.

Also known as a "mortgage-related security" or a "mortgage pass through."



    Reference: http://www.investopedia.com/terms/m/mbs.asp
Octavio Armendariz
United States
Local time: 14:08
Specializes in field
Native speaker of: English
PRO pts in category: 12
Notes to answerer
Asker: thank you, Octavio


Peer comments on this answer (and responses from the answerer)
agree  Dr Lofthouse
9 hrs
Login to enter a peer comment (or grade)

1 day 20 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
asset-backed securities


Explanation:
Universally abbreviated as ABSs. The archetypal securitisation vehicles.

'Securities' is correct here for "créances": the thing that is backed is necessarily a financial instrument. The assets used to back it are typically 'receivables': loan receivables, credit card receivables, etc.

But keep 'mortgage' out of it. Mortgage-backed securities (MBSs) are just *one* type of ABS -- one where all the assets backing it are mortgage-loan receivables. Even in a real estate context, not all property loans are mortgage loans.


    https://en.wikipedia.org/wiki/Asset-backed_security
rkillings
United States
Local time: 14:08
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1140
Grading comment
thank you, RK
Login to enter a peer comment (or grade)



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