Glossary entry (derived from question below)
Nov 8, 2011 20:07
13 yrs ago
日本語 term
被期限前弁済貸付人
日本語 から 英語
法/特許
法: 契約
Revolving credit facility agreement
Context:トランシェA貸付被期限前弁済貸付人
わかりやすく言うと、期限前弁済を受けるトランシェA貸付の貸付人、のことです。
It refers to a lender who offers a tranche A loan that may be repaid before maturity.
This term is one of those defined and used throughout the document. I will need to put it in a short noun phrase possibly without prepositions (e.g., of, to, for). As is the case with legalese in general, it is unlikely to be decent English.
The translation of the context will be something like a "Tranche A Loan Prepayee Lender." Is this grammatically acceptable? The "prepayee" derives from "prepay." It will be questionable since it is not a word we normally use.
Any input is appreciated.
わかりやすく言うと、期限前弁済を受けるトランシェA貸付の貸付人、のことです。
It refers to a lender who offers a tranche A loan that may be repaid before maturity.
This term is one of those defined and used throughout the document. I will need to put it in a short noun phrase possibly without prepositions (e.g., of, to, for). As is the case with legalese in general, it is unlikely to be decent English.
The translation of the context will be something like a "Tranche A Loan Prepayee Lender." Is this grammatically acceptable? The "prepayee" derives from "prepay." It will be questionable since it is not a word we normally use.
Any input is appreciated.
Proposed translations
(英語)
| 3 | putable loan lender |
Pierrick Jaouen, CFA
|
| 3 | Prepayable/Prepaid Loan Lender |
Benshin
|
| 3 | (tranche A loan) prepayment lender |
mogg
|
Proposed translations
13時間
Pierrick Jaouen, CFA
フランス
フランス
Native in 英語
Specializes in field
フランス
Financial and business translator
Native in: 英語 (Variants: US, UK) 
, フランス語 (Variants: Belgian, Swiss, Standard-France)
Works in: アラビア語 から 英語, 中国語 から 英語, 日本語 から 英語, and 13 more.
Related KudoZ points
:
4
Selected
putable loan lender
Putable loan: A loan where the lender has an early prepayment option.
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Note added at 2 gün4 saat (2011-11-11 00:48:43 GMT)
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Sorry, it should read: "a loan where the lender has an option to receive early reimbursement of his/her loan"
See "callable bond", "putable bond".
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Note added at 2 gün20 saat (2011-11-11 16:22:07 GMT)
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Yes, when I say "see callable/putable bond" I mean "look at the way callable/putable bonds work", because it is the same principle at work in the present case.
I think what you are describing looks like a CMO.
http://www.investopedia.com/terms/c/cmo.asp#axzz1dPhmlj1u
I also found that: "With a putable loan to member, the Bank effectively purchases a put option from the member that allows the Bank to put or extinguish the fixed-rate loan to member, which the Bank normally would exercise when interest rates increase, and the borrower may elect to enter into a new loan." on http://www.fhlb-pgh.com/annualreport2010/documents/10K-2009-...
i.e. the lender has a (nasty) option to receive early reimbursement of his/her loan in order to immediately issue another loan on better conditions (for the lender, worse for the borrower) when the market conditions so permit.
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Note added at 2 gün4 saat (2011-11-11 00:48:43 GMT)
--------------------------------------------------
Sorry, it should read: "a loan where the lender has an option to receive early reimbursement of his/her loan"
See "callable bond", "putable bond".
--------------------------------------------------
Note added at 2 gün20 saat (2011-11-11 16:22:07 GMT)
--------------------------------------------------
Yes, when I say "see callable/putable bond" I mean "look at the way callable/putable bonds work", because it is the same principle at work in the present case.
I think what you are describing looks like a CMO.
http://www.investopedia.com/terms/c/cmo.asp#axzz1dPhmlj1u
I also found that: "With a putable loan to member, the Bank effectively purchases a put option from the member that allows the Bank to put or extinguish the fixed-rate loan to member, which the Bank normally would exercise when interest rates increase, and the borrower may elect to enter into a new loan." on http://www.fhlb-pgh.com/annualreport2010/documents/10K-2009-...
i.e. the lender has a (nasty) option to receive early reimbursement of his/her loan in order to immediately issue another loan on better conditions (for the lender, worse for the borrower) when the market conditions so permit.
Note from asker:
| Thanks for your help. This loan is not about commercial paper or corporate bond. The borrower issues a note for its debt, but the lender who holds this note does not sell it in the fix income market. The debt is not intended for retail investors. So I am not sure if this kind of debt is in the scope of callable/putable bond. |
| With additional information and references to your answer, now it makes sense to me. It explains perfectly this syndicated loan with several tranches of debt. Thanks for doing my homework for me! |
4 KudoZ points awarded for this answer.
Comment: "Thank y'all so much!"
6時間
Prepayable/Prepaid Loan Lender
上記ではいかがでしょうか。
Note from asker:
| ご協力ありがとうございます。Prepayable が使えるかどうか考えてみます。 |
5日
(tranche A loan) prepayment lender
tranche A loan/ first lien prepayment lender(s)
Reference:
Note from asker:
| Belated thanks! |
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