Glossary entry (derived from question below)
French term or phrase:
"intérêts post comptés"
English translation:
accrued interest [for the accounting period of the instrument]
Added to glossary by
Martha Fillastre
Jul 15, 2004 16:03
19 yrs ago
8 viewers *
French term
"intérêts post comptés"
French to English
Bus/Financial
Finance (general)
banking/securities
Has anybody come across the above term. The context is securities transactions (TCN) and it is a table with the headings "type de taux" = variable, type d'intérêt = post compté" and "périodicité = annuel".
The document is a SICOVAM notice to members entitled "TCN indexé sur EONIA capitalisé.
Thanks in advance
Martha
The document is a SICOVAM notice to members entitled "TCN indexé sur EONIA capitalisé.
Thanks in advance
Martha
Proposed translations
(English)
5 | accrued interest [for the accounting period of the instrument] | Jane Lamb-Ruiz (X) |
3 +1 | post /'future calculated interest | Armineh Johannes |
Proposed translations
1 hr
Selected
accrued interest [for the accounting period of the instrument]
Un emprunt à intérêts post-comptés donne droit au versement des intérêts à la fin de la période sur laquelle ils sont calculés. C'est le cas général.
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Note added at 1 hr 26 mins (2004-07-15 17:30:03 GMT)
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From the FInancial Times glossary:
When calculating Accrued interest on a bond that is being sold, it is conventional to consider the time period from the most recent payment up to, but not including, the date on which the bond sale is settled.
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Note added at 1 hr 29 mins (2004-07-15 17:33:33 GMT)
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Here\'s the whole thing from that glossary:
Interest that is due on a bond or other Fixed income security since the last Interest payment was made. This often occurs for bonds purchased on the Secondary market, since bonds usually pay Interest every six months, but the Interest is accrued by the bondholders on a day-to-day Basis. When a bond is sold, the buyer pays the seller the Market price plus the accrued interest, for which the ***buyer will be reimbursed when the Issuer next pays interest.*** Accrued interest is calculated on a 30-day month/360-day year for corporate bonds and Municipal bond, and on actual-calendar-days for Government Bond. Income bonds and bonds in Default trade without accrued interest. When calculating Accrued interest on a bond that is being sold, it is conventional to consider the time period from the most recent payment up to, but not including, the date on which the bond sale is settled.
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Note added at 1 hr 26 mins (2004-07-15 17:30:03 GMT)
--------------------------------------------------
From the FInancial Times glossary:
When calculating Accrued interest on a bond that is being sold, it is conventional to consider the time period from the most recent payment up to, but not including, the date on which the bond sale is settled.
--------------------------------------------------
Note added at 1 hr 29 mins (2004-07-15 17:33:33 GMT)
--------------------------------------------------
Here\'s the whole thing from that glossary:
Interest that is due on a bond or other Fixed income security since the last Interest payment was made. This often occurs for bonds purchased on the Secondary market, since bonds usually pay Interest every six months, but the Interest is accrued by the bondholders on a day-to-day Basis. When a bond is sold, the buyer pays the seller the Market price plus the accrued interest, for which the ***buyer will be reimbursed when the Issuer next pays interest.*** Accrued interest is calculated on a 30-day month/360-day year for corporate bonds and Municipal bond, and on actual-calendar-days for Government Bond. Income bonds and bonds in Default trade without accrued interest. When calculating Accrued interest on a bond that is being sold, it is conventional to consider the time period from the most recent payment up to, but not including, the date on which the bond sale is settled.
4 KudoZ points awarded for this answer.
Comment: "Thanks a lot for the answer and the extensive reference. This sounded right in my context and was confirmed by my client."
+1
58 mins
post /'future calculated interest
post calculated interest (to be calculated in the future according to the rate - I think
Peer comment(s):
agree |
bhan
: to be calculated at the end of the accounting period, i.e. the year in this case.
38 mins
|
neutral |
Jane Lamb-Ruiz (X)
: future calculated interest is not an accounting concept in English to m,y knowledge
19 hrs
|
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