établissement de financement

08:01 Jan 11, 2022 

They're getting a licence as a finance provider, and it then will cost them 20% to fund their lending (to third parties).
It's not that difficult to understand - apart from that 20% rate, which would indeed be enormous in any country with a hard currency.

23:33 Jan 10, 2022 

notre propre agrément d’établissement de financement
=>
(when we get) our own licence as approved lender

but the fragment as a whole makes no sense whatsoever

- what is this 20%? an interest rate? That would qualify as "taux usurier" not exactly legal.

- What exactly are they trying to ***re***finance?

- By what kind of financial acrobatics would they need to become an "approved lender" to do their own "refinancement"??

It must make sense once you read through the whole text, but the fragment on it's own makes no sense.

18:12 Jan 10, 2022 

then "financement" must mean lending or otherwise providing finance. Coût de refinancement - "refinancing cost" in ECB-speak or "funding cost" otherwise - means the cost they have to pay to obtain the funds that they lend out. Think of a bank which pays you interest on your savings while lending them out to its borrowers.

On the assumption that it isn't a full-on bank (établissement de crédit), "finance company" seems like a good translation to me.

17:53 Jan 10, 2022 

Thanks Marco

17:20 Jan 10, 2022 

finance company | financial institution | Britannicahttps://www.britannica.com › ... › Banking & Business
finance company, specialized financial institution that supplies credit for the purchase of consumer goods and services by purchasing the time-sales ...

15:42 Jan 10, 2022 

Thanks Marco

15:33 Jan 10, 2022 

"Agrément" does not mean "agreement"; it means "certification", "charter". They are saying that the refinancing cost will be 20% once they obtain their certification as a lending institution.

15:27 Jan 10, 2022 

"But the rapid increase in volumes, combined with the arrival of new partners, will reverse the distribution of the value with this partner" is what I put for the first sentence.....Is that right?

Second sentence - Do they mean that they are waiting for some kind of an agreement from a financing institution? Any suggestions gratefully received.

Thanks.

15:25 Jan 10, 2022 

"But the rapid increase in volumes, combined with the arrival of new partners, will reverse the distribution of the value with this partner" is what I put for the first sentence.....Is that right?

Second sentence - Do they mean that they are waiting for some kind of an agreement from a financing institution? Any suggestions gratefully received.

Thanks.

15:19 Jan 10, 2022 

"But the rapid increase in volumes, combined with the arrival of new partners, will reverse the distribution of the value with this partner" is what I put for the first sentence.....Is that right?

Second sentence - Do they mean that they are waiting for some kind of an agreement from a financing institution? Any suggestions gratefully received.

Thanks.

15:16 Jan 10, 2022 

"But the rapid increase in volumes, combined with the arrival of new partners, will reverse the distribution of the value with this partner" is what I put for the first sentence.....Is that right?

Second sentence - Do they mean that they are waiting for some kind of an agreement from a financing institution? Any suggestions gratefully received.

Thanks.

15:14 Jan 10, 2022 

"But the rapid increase in volumes, combined with the arrival of new partners, will reverse the distribution of the value with this partner" is what I put for the first sentence.....Is that right?

Second sentence - Do they mean that they are waiting for some kind of an agreement from a financing institution? Any suggestions gratefully received.

Thanks.

15:11 Jan 10, 2022 

Mais l’augmentation rapide des volumes, combiné à l’arrivée de nouveaux partenaires inversera la répartition de valeur avec ce partenaire. Nous atteindrons un cout de refinancement de 20% lorsque nous aurons obtenu notre propre agrément d’établissement de financement

If anyone has any good idea what they are on about I would be grateful....Thank you in advance!

15:04 Jan 10, 2022 

Hi Alan, I'm the same as you, finance is way outside my comfort zone, but I'd think about using something like an "authorised financial institution", i.e. when it obtains official recognition of its status as a financial institution...but I'm sure there'll be plenty of ProZ financial whizzes to give you a definitive answer!
https://www.lawinsider.com/dictionary/authorized-financial-i...