TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

Process of negotiating new loans to replace existing obligations, either by lengthening maturities, deferring of loan principal payments, or reducing interest rates, where the alternative is default by the borrower and seizure of collateral by the lender.  4, record 1, English, - debt%20rescheduling

Record number: 1, Textual support number: 1 CONT

A country’s willingness to service its financial obligations is measured both by financial variables such as arrears on international bank loans, debt reschedulings, access to bond markets, and cost of various forms of trade credits, and by political considerations, ....  5, record 1, English, - debt%20rescheduling

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Révision du calendrier d'amortissement de la dette.  2, record 1, French, - r%C3%A9%C3%A9chelonnement%20de%20la%20dette

Record number: 1, Textual support number: 1 CONT

L'OCDE explique ce bond (des prêts bancaires) par les divers accords de rééchelonnement de dettes à court terme en dettes à long terme. Une tendance qui installe un peu plus le tiers monde dans l'endettement.  3, record 1, French, - r%C3%A9%C3%A9chelonnement%20de%20la%20dette

Record 1,  Textual support,  Spanish

Record number: 1, Textual support number: 1 CONT

La voluntad de un país de cumplir sus obligaciones financieras se mide tanto por variables financieras - pagos en mora correspondientes a préstamos bancarios internacionales, reprogramaciones de la deuda, acceso a los mercados de bonos y costo de las diversas formas de crédito comercial - como por consideraciones políticas, ....  3, record 1, Spanish, - reprogramaci%C3%B3n%20de%20la%20deuda

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

... researchers and policymakers need to look beyond the total volume of lending and pay more attention to concessionality, or the extent to which loans are offered at below-market rates. Financing offered on concessional terms(low interest rates, long maturities, and extended grace periods) reduces the likelihood of a debt crisis in borrower countries.  2, record 2, English, - concessionality

Record number: 2, Textual support number: 1 PHR

concessionality level  3, record 2, English, - concessionality

Record number: 2, Textual support number: 2 PHR

minimum concessionality  3, record 2, English, - concessionality

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 PHR

seuil de concessionnalité  3, record 2, French, - concessionnalit%C3%A9

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

An arrangement by which a bank extends to an exporter or importer a line of credit, known as the acceptance facility, to finance the purchase or sale of goods. The borrower draws against the line of credit by drawing drafts, with future maturity dates, upon the bank; the bank will accept such drafts, up to the amount of the acceptance facility, with maturities thirty, sixty or ninety days hence.  1, record 3, English, - acceptance%20financing

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 OBS

staggered maturities : term extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 4, English, - staggered%20maturities

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

portefeuille obligataire à échéances diversifiées : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 4, French, - portefeuille%20obligataire%20%C3%A0%20%C3%A9ch%C3%A9ances%20diversifi%C3%A9es

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 OBS

transform maturities : term extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 5, English, - transform%20maturities

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 OBS

Emprunter à court terme pour prêter à long terme.  1, record 5, French, - faire%20de%20la%20transformation

Record number: 5, Textual support number: 2 OBS

faire de la transformation : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques.  2, record 5, French, - faire%20de%20la%20transformation

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 OBS

next maturities : term extracted from the “Glossaire de l'économie” and reproduced with permission of the Organisation for Economic Co-operation and Development.  2, record 6, English, - next%20maturities

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 OBS

fonds d'État à échéance rapprochée : terme extrait du «Glossaire de l’économie» et reproduit avec l’autorisation de l’Organisation de coopération et de développement économiques  2, record 6, French, - fonds%20d%27%C3%89tat%20%C3%A0%20%C3%A9ch%C3%A9ance%20rapproch%C3%A9e

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

A short-term promissory note, or unsecured money market obligation, issued by prime rated commercial firms and financial companies, with maturities from 2 days up to 270 days.  3, record 7, English, - commercial%20paper

Record number: 7, Textual support number: 1 OBS

The most active market is in issues under 30 days.  3, record 7, English, - commercial%20paper

Record number: 7, Textual support number: 2 OBS

commercial paper : term published in the Journal officiel by the Commission générale de terminologie et de néologie of the Government of France.  4, record 7, English, - commercial%20paper

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 DEF

Titre de créance à court terme négociable, émis par une entreprise sous la forme d'un billet à ordre non assorti d'une garantie.  3, record 7, French, - billet%20de%20tr%C3%A9sorerie

Record number: 7, Textual support number: 1 OBS

Le billet peut être émis directement sur le marché monétaire, sans passer par une banque ou un autre établissement de crédit.  3, record 7, French, - billet%20de%20tr%C3%A9sorerie

Record number: 7, Textual support number: 2 OBS

La traduction littérale «papier commercial» est couramment utilisée au Canada.  3, record 7, French, - billet%20de%20tr%C3%A9sorerie

Record number: 7, Textual support number: 3 OBS

billet de trésorerie : terme publié au Journal officiel par la Commission générale de terminologie et de néologie du gouvernement de la France.  4, record 7, French, - billet%20de%20tr%C3%A9sorerie

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Commercial banks engage in maturity transformation when they use deposits, which are normally short term, to fund loans that are longer term. Shadow banks do something similar. They raise(that is, mostly borrow) short-term funds in the money markets and use those funds to buy assets with longer-term maturities. But because they are not subject to traditional bank regulation, they cannot—as banks can—borrow in an emergency from the Federal Reserve(the U. S. [United States] central bank) and do not have traditional depositors whose funds are covered by insurance; they are in the "shadows. "  2, record 8, English, - shadow%20bank

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 CONT

La banque parallèle symbolise en fait une des nombreuses défaillances du système financier dans la période qui a précédé la crise mondiale. L’appellation («shadow banking», en anglais) a été utilisée pour [évoquer] un phénomène bien américain et le terme «banque parallèle» désignait essentiellement les établissements financiers non bancaires qui pratiquent ce que les économistes appellent la «transformation des échéances».  2, record 8, French, - banque%20parall%C3%A8le

Record 8,  Textual support,  Spanish

Record number: 8, Textual support number: 1 CONT

Exigir una mayor supervisión y regulación de las instituciones financieras no bancarias que contribuyen al riesgo de liquidez sistémico a través de los denominados "bancos paralelos", que son instituciones que realizan algunas actividades de carácter bancario pero que están sujetas a una regulación menos estricta que los bancos (por ejemplo "hedge funds", y fondos comunes de inversión en el mercado monetario).  1, record 8, Spanish, - banco%20paralelo

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

For the purposes of its open-market operations, the Bank of Canada is empowered to buy and sell in the open market from or to any person, either in or outside of Canada, securities, cable transfers, bankers’ acceptances, and bills of exchange of the kinds and maturities that are defined as eligible for rediscount, with or without the endorsement of a chartered bank. In practice, open-market dealings are confined to Canadian investment dealers and financial institutions, and are transacted almost exclusively in Canadian government securities.  2, record 9, English, - open%20market

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 DEF

[...] marché monétaire animé par la banque centrale qui fournit à l'ensemble des banques les liquidités dont elles ont besoin, en échange des effets acceptables par elle.  3, record 9, French, - march%C3%A9%20libre

Record number: 9, Textual support number: 1 OBS

Le terme «open market» est un anglicisme couramment employé.  4, record 9, French, - march%C3%A9%20libre

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 CONT

Maturities of new borrowings are distributed over time to obtain a stable refinancing profile and ensure the government's regular presence on capital markets.  1, record 10, English, - refinancing%20profile

Record 10,  Textual support,  French

Record number: 10, Textual support number: 1 CONT

L’échéance des nouveaux emprunts est répartie dans le temps pour avoir un profil de refinancement stable et assurer une présence régulière du gouvernement sur les marchés des capitaux.  1, record 10, French, - profil%20de%20refinancement

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 CONT

Maturities of new borrowings are distributed over time to obtain a stable refinancing profile and ensure the government's regular presence on capital markets.  1, record 11, English, - stable%20refinancing%20profile

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 CONT

L’échéance des nouveaux emprunts est répartie dans le temps pour avoir un profil de refinancement stable et assurer une présence régulière du gouvernement sur les marchés des capitaux.  1, record 11, French, - profil%20de%20refinancement%20stable

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 DEF

Having borrowings and loans with different maturities.  3, record 12, English, - maturity%20mismatch

Record number: 12, Textual support number: 1 OBS

For example in the case of the [World] Bank, that borrowings the Bank had made on the capital market to finance certain loans it had made were due before it had received the money from the loans.  3, record 12, English, - maturity%20mismatch

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 DEF

Situation résultant du financement d'opérations de crédit à long terme par des ressources à court terme, les différences de durée pouvant représenter un risque pour l'établissement de crédit.  3, record 12, French, - asym%C3%A9trie%20des%20%C3%A9ch%C3%A9ances

Record number: 12, Textual support number: 1 OBS

L'opération qui consiste à accorder des prêts à moyen ou long terme à partir des dépôts à vue et autres épargnes liquides s'appelle la transformation.  3, record 12, French, - asym%C3%A9trie%20des%20%C3%A9ch%C3%A9ances

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 CONT

A bank is running a matched book when the maturities of its assets and liabilities are equally distributed  2, record 13, English, - matched%20book

Record 13,  Textual support,  French

Record number: 13, Textual support number: 1 DEF

Pour un établissement de crédit, ensemble d'actifs et de passifs financiers pour lesquels il y a symétrie des échéances.  1, record 13, French, - portefeuille%20sym%C3%A9trique

Record 13,  Textual support,  Spanish

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 DEF

The ratio of cumulative loss payments through consecutive maturities, usually from 2 to 6 years.  1, record 14, English, - link%20ratio

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 OBS

Équivalent proposé par le client à la suite d'une consultation auprès d'un agent d'assurances.  2, record 14, French, - coefficient%20de%20mat%C3%A9rialisation%20provisoire

Record 14,  Textual support,  Spanish

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 DEF

[A curve showing] the relationship among the yields of bonds of the same quality but different maturities.  2, record 15, English, - yield%20curve

Record 15,  Textual support,  French

Record number: 15, Textual support number: 1 DEF

Ligne qui permet d'établir une relation entre les taux de rendement d'obligations de même qualité mais dont la date d'échéance est différente.  2, record 15, French, - courbe%20des%20taux

Record 15,  Textual support,  Spanish

Record number: 15, Textual support number: 1 DEF

Aquella que revela las tasas de interés a puntos específicos de tiempo para valores que tengan igual riesgo pero diferentes fechas de vencimiento.  2, record 15, Spanish, - curva%20de%20rendimiento

Record 16,  Textual support,  English

Record number: 16, Textual support number: 1 DEF

[The] coordination of the maturities of a financial institution's assets(such as loans) and liabilities(such as certificates of deposit and money-market accounts).  2, record 16, English, - matched%20maturities

Record 16,  Textual support,  French

Record number: 16, Textual support number: 1 DEF

Échéances des obligations financières assumées par un établissement de crédit qui, par suite d'une gestion actif-passif, ont été coordonnées avec les échéances des prêts que l'établissement a consentis, de manière à faire coïncider les échéances de deux flux financiers d'un même montant mais de sens contraire et à minimiser ainsi le risque de taux d'intérêt.  1, record 16, French, - %C3%A9ch%C3%A9ances%20sym%C3%A9triques

Record 16,  Textual support,  Spanish

Record 17,  Textual support,  English

Record number: 17, Textual support number: 1 CONT

It is the task of finance institutions to create a matching of maturities between refinancing resources and loan accommodation, that is, to sensibly reconcile the different terms on the assets and liabilities side.  2, record 17, English, - matching%20of%20maturities

Record 17,  Textual support,  French

Record number: 17, Textual support number: 1 DEF

Correspondance temporelle qui doit idéalement exister, pour un établissement de crédit ou autre, entre les échéances des prêts consentis par celui-ci (ses actifs) et les sommes d'argent qui lui ont été confiées (ses passifs).  1, record 17, French, - sym%C3%A9trie%20des%20%C3%A9ch%C3%A9ances

Record 17,  Textual support,  Spanish

Record 18,  Textual support,  English

Record number: 18, Textual support number: 1 DEF

Revolving credit arrangement in the Euromarket, whereby the borrower issues short-term promissory notes(Euronotes) in its own name, generally with maturities of three to six months.  3, record 18, English, - note%20issuance%20facility

Record number: 18, Textual support number: 1 OBS

A group of underwriting banks guarantees the availability of funds by agreeing to purchase any unsold notes at each rollover date, or by writing a standby line of credit. NIFs offer companies the flexibility of short-term financing, and give lenders an opportunity to meet credit needs of borrowers without being required to purchase any unsold notes. The revolving line of credit is often negotiated through a single bank that in turn sells participations to other members of the underwriting syndicate.  3, record 18, English, - note%20issuance%20facility

Record number: 18, Textual support number: 1 CONT

NIF: Note issuance facility. It is difficult to determine when this term was first used but, like "RUF", has become for many the generic term for all manner of euronote issuance facilities irrespective of distribution method. It refers in its accepted sense to a facility using the tender panel distribution method.  4, record 18, English, - note%20issuance%20facility

Record number: 18, Textual support number: 2 OBS

RUFs and NIFs are considered by many as generic terms for any Euronote issuance facility. However, the banks which provide such facilities use varying designations to differentiate their product from those of competitors.  5, record 18, English, - note%20issuance%20facility

Record 18,  Textual support,  French

Record number: 18, Textual support number: 1 DEF

Ouverture de crédit à moyen terme par un établissement financier (ou un groupe d'établissements financiers) qui assure à son client la disponibilité de fonds à court terme moyennant une commission.  1, record 18, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record number: 18, Textual support number: 1 OBS

l'emprunteur émet, pour placement auprès de tiers, jusqu'à concurrence du montant convenu, des billets à court terme ayant en général une échéance de trois à six mois, successivement pendant une période donnée plus longue, habituellement de cinq à sept ans. L'établissement financier s'engage à acheter les billets que l'emprunteur ne réussit pas à se placer, ou encore à lui fournir un crédit de confirmation.  1, record 18, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record number: 18, Textual support number: 2 OBS

La facilité d'émission d'effets est accordée à l'emprunteur par un établissement financier (ou un groupe d'établissements financiers) moyennant une commission, ce dernier s'engageant à acheter les billets que l'emprunteur ne réussit pas à placer, ou encore à lui fournir un crédit de soutien.  1, record 18, French, - facilit%C3%A9%20d%27%C3%A9mission%20garantie

Record 18,  Textual support,  Spanish

Record number: 18, Textual support number: 1 DEF

Convenio de mediano plazo que permite a los deudores emitir papel a corto plazo (de tres a seis meses) bajo su propia garantía.  3, record 18, Spanish, - contrato%20de%20emisi%C3%B3n

Record 19,  Textual support,  English

Record number: 19, Textual support number: 1 CONT

Debt instruments issued by private organizations, governments, and government agencies, generally with maturities of one year or less. Such instruments are highly liquid investments, and include Treasury bills, bankers’ acceptances, commercial paper and short-term tax-exempt municipal securities, and negotiable bank CDs. Money market instruments are actively traded in the money center financial markets in New York, London, and Tokyo. Futures contracts on U. S. Treasury bills and certain other money market instruments are traded in the financial futures markets.  3, record 19, English, - money%20market%20instruments

Record 19,  Textual support,  French

Record 19,  Textual support,  Spanish

Record number: 19, Textual support number: 1 OBS

[Incluyen] cheques, letras y certificados de depósito.  1, record 19, Spanish, - instrumentos%20del%20mercado%20monetario

Record 20,  Textual support,  English

Record number: 20, Textual support number: 1 DEF

Short-term U. S. Treasury security issued in minimum denominations of $10, 000 and usually having maturities of 13, 26, or 52 weeks.  2, record 20, English, - short%2Dterm%20Treasury%20bill

Record 20,  Textual support,  French

Record 20,  Textual support,  Spanish

Record 21,  Textual support,  English

Record number: 21, Textual support number: 1 DEF

Notes sold in London for same day settlement in U. S. dollars in New York. The maturities are more tailored to the needs of issuer and investor than the standard Euronote terms of 1, 3 and 6 months.  3, record 21, English, - eurocommercial%20paper

Record 21,  Textual support,  French

Record 21,  Textual support,  Spanish

Record number: 21, Textual support number: 1 DEF

Valores similares a los pagarés de empresa [...] que se emiten, dentro de un programa en los euromercados.  2, record 21, Spanish, - efectos%20comerciales%20en%20eurodivisas

Record number: 21, Textual support number: 1 CONT

Se recurre a los europagarés de empresa como complemento de los programas de pagarés domésticos de cada país.  2, record 21, Spanish, - efectos%20comerciales%20en%20eurodivisas

Record 22,  Textual support,  English

Record number: 22, Textual support number: 1 DEF

Participation in each of the maturities of a multimaturity loan.  2, record 22, English, - strip%20participation

Record 22,  Textual support,  French

Record 22,  Textual support,  Spanish

Record number: 22, Textual support number: 1 DEF

Participación en cada uno de los vencimientos de un préstamo.  2, record 22, Spanish, - participaci%C3%B3n%20en%20cada%20vencimiento

Record 23,  Textual support,  English

Record number: 23, Textual support number: 1 DEF

A type of cross-currency interest hedge, where the proceeds of a short-term instrument program are swapped for comparable maturities in other currencies.  2, record 23, English, - matched%2Dmaturity%20transaction

Record 23,  Textual support,  French

Record 23,  Textual support,  Spanish

Record 24,  Textual support,  English

Record number: 24, Textual support number: 1 DEF

That part of the Euromarkets on which transactions involve short-to medium-term placements(with maturities not exceeding 18 months). These are primarily Euro-notes.  3, record 24, English, - Euromoney%20market

Record 24,  Textual support,  French

Record number: 24, Textual support number: 1 DEF

Part de l'euromarché formée par les transactions de placements à court et moyen terme (avec une durée maximale de 18 mois). Il s'agit essentiellement d'euronotes, les titres disposant souvent de facilités particulières (NIF, RUF, etc.).  1, record 24, French, - euromarch%C3%A9%20de%20l%27argent

Record 24,  Textual support,  Spanish

Record number: 24, Textual support number: 1 DEF

Mercado interbancario de eurodivisas, por períodos de un día a dieciocho meses.  1, record 24, Spanish, - euromercado%20de%20dinero

Record 25,  Textual support,  English

Record number: 25, Textual support number: 1 CONT

Work in this area will build on previous work programs, focusing on such features of nonconcessional IMF [International Monetary Fund] facilities as maturities, rates of charge, and eligibility criteria.  1, record 25, English, - nonconcessional

Record number: 25, Textual support number: 2 CONT

The repayment period for these options was also substantially extended. The non-concessional option was, however, retained.  2, record 25, English, - nonconcessional

Record 25,  Textual support,  French

Record number: 25, Textual support number: 1 CONT

Les travaux dans ce domaine se fonderont sur les précédents programmes de travail et porteront essentiellement sur les échéances, les taux de commission et les critères d'admissibilité des facilités non concessionnelles du FMI [Fonds monétaire international].  2, record 25, French, - aux%20conditions%20du%20march%C3%A9

Record number: 25, Textual support number: 2 CONT

La période de remboursement a aussi été sensiblement allongée. L'option consistant à octroyer un prêt aux conditions du marché a toutefois été conservée.  1, record 25, French, - aux%20conditions%20du%20march%C3%A9

Record 25,  Textual support,  Spanish

Record 26,  Textual support,  English

Record number: 26, Textual support number: 1 DEF

Risk of having loans and borrowings with mismatched maturities.  2, record 26, English, - mismatch%20risk

Record 26,  Textual support,  French

Record 26,  Textual support,  Spanish

Record number: 26, Textual support number: 1 DEF

Riesgo de desajuste en las fechas del vencimiento de la amortización de préstamos y/o créditos.  1, record 26, Spanish, - riesgo%20de%20desfase

Record 27,  Textual support,  English

Record number: 27, Textual support number: 1 CONT

In these circumstances, capital controls and prudential supervision measures-including restrictions on the foreign exchange exposure of domestic financial institutions-could be used to limit intermediation of the inflows by the banking system, as well as to steer foreign capital toward assets with relatively longer maturities.  2, record 27, English, - prudential%20supervision

Record 27,  Textual support,  French

Record 27,  Textual support,  Spanish

Record number: 27, Textual support number: 1 CONT

En estas circunstancias, podrían utilizarse controles al capital y medidas de prudente supervisión - incluidas restricciones a los riesgos cambiarios de las instituciones financieras nacionales - para limitar la intermediación de las corrientes por el sistema cambiario y orientar el capital extranjero hacia activos con vencimientos relativamente más largos.  1, record 27, Spanish, - prudente%20supervisi%C3%B3n

Record 28,  Textual support,  English

Record number: 28, Textual support number: 1 OBS

The Euro Medium-Term Notes(EMTNs) are medium-term notes issued outside the United States and Canada. EMTNs can be issued with fixed or floating interest rates, include embedded options, make coupon payments in one currency and the principal payment in another currency, and maturities can range from short-term to long-term. Canada EMTNs are sold either by dealers in the dealer group, or by dealers who are not in the dealer group but who are acting as Canada's agent for the particular transaction(called reverse inquiry). Canada EMTNs are sold on a bought-deal basis(i. e. the dealer purchasing EMTNs from Canada is responsible for the sale of the notes), and are sold on an intermittent basis.  3, record 28, English, - Euro%20Medium%2DTerm%20Notes

Record 28,  Textual support,  French

Record number: 28, Textual support number: 1 OBS

Les eurobillets à moyen terme sont des billets émis à l'extérieur du Canada et des États-Unis. Ils peuvent être à taux fixe ou à taux variable et comporter des options incorporées. Ils peuvent aussi être assortis d'autres modalités; les intérêts nominaux peuvent être versés dans une monnaie, et le principal dans une autre; ils peuvent avoir une échéance à court ou à long terme. Les eurobillets sont vendus par des membres du groupe de courtiers désignés ou par des courtiers ne faisant pas partie de ce groupe mais agissant à titre de mandataires du Canada pour une transaction donnée. Les eurobillets du Canada font l'objet d'achats fermes (le courtier qui achète des eurobillets est responsable de leur vente); les ventes ont lieu sur une base intermittente.  1, record 28, French, - eurobillets%20%C3%A0%20moyen%20terme

Record 28,  Textual support,  Spanish

Record 29,  Textual support,  English

Record number: 29, Textual support number: 1 CONT

Bond benchmarks are built at the 2-, 5-, 10-and 30-year maturities, and a Real Return Bond benchmark is also maintained.  1, record 29, English, - real%20return%20bond%20benchmark

Record 29,  Textual support,  French

Record number: 29, Textual support number: 1 CONT

Sur le marché obligataire, les émissions de référence sont développées à 2, à 5, à 10 et à 30 ans; il existe en outre une obligation à rendement réel de référence.  1, record 29, French, - obligation%20%C3%A0%20rendement%20r%C3%A9el%20de%20r%C3%A9f%C3%A9rence

Record 29,  Textual support,  Spanish

Record 30,  Textual support,  English

Record number: 30, Textual support number: 1 CONT

To enhance liquidity in Government of Canada bonds, a pilot bond buyback program was implemented in 1998-99. The purpose of this program is to buy back existing less liquid bonds to support the maintenance of a liquid new bond issue market. By buying back less liquid bonds, the government's ability to maintain its strategy of building large benchmark bonds at key maturities is facilitated.  1, record 30, English, - pilot%20bond%20buyback%20program

Record 30,  Textual support,  French

Record number: 30, Textual support number: 1 CONT

Le programme pilote de rachat d'obligations s'étendra à 1999-2009. Afin d'accroître la liquidité des obligations du gouvernement canadien, un projet pilote de rachat d'obligations a été instauré en 1998-1999. Le but du programme est de racheter des obligations relativement peu liquides afin de contribuer au maintien d'un marché liquide des nouvelles émissions. Le rachat d'obligations peu liquides renforce la capacité du gouvernement de maintenir sa stratégie de développement d'importantes émissions de référence, à des échéances clés.  1, record 30, French, - programme%20pilote%20de%20rachat%20d%27obligations

Record 30,  Textual support,  Spanish

Record 31,  Textual support,  English

Record number: 31, Textual support number: 1 DEF

Program of securities issued by the World Bank starting in 1986. Buyers can obtain maturities from 3 to over 30 years as they choose. The program is indefinite(hence continuously offered) and of a longer term than the [World] Bank's previous discount note system.  1, record 31, English, - continuously%20offered%20longer%2Dterm%20securities

Record 31,  Textual support,  French

Record 31,  Textual support,  Spanish

Record 32,  Textual support,  English

Record number: 32, Textual support number: 1 DEF

Waiver by a co-lender of a guarantee given by the World Bank, as the guaranteed portion of a co-loan progressively comes within the range of normal maturities.  1, record 32, English, - take%20out

Record 32,  Textual support,  French

Record 32,  Textual support,  Spanish

Record number: 32, Textual support number: 1 PHR

Renunciar a una garantía.  1, record 32, Spanish, - renunciar

Record 33,  Textual support,  English

Record number: 33, Textual support number: 1 DEF

Buying and selling at different maturities.  2, record 33, English, - time%20arbitrage

Record 33,  Textual support,  French

Record 33,  Textual support,  Spanish

Record 34,  Textual support,  English

Record number: 34, Textual support number: 1 DEF

A time portion of each of the maturities of a multimaturity loan.  1, record 34, English, - strip%20of%20maturities

Record 34,  Textual support,  French

Record 34,  Textual support,  Spanish

Record 35,  Textual support,  English

Record number: 35, Textual support number: 1 DEF

Guarantee where a call for payment cannot be advanced if the loan is declared in default before the maturities being guaranteed become payable.  1, record 35, English, - non%2Daccelerate%20guarantee

Record number: 35, Textual support number: 1 OBS

The [World] Bank generally uses this type of guarantee.  1, record 35, English, - non%2Daccelerate%20guarantee

Record 35,  Textual support,  French

Record 35,  Textual support,  Spanish

Record 36,  Textual support,  English

Record number: 36, Textual support number: 1 DEF

Authority approved by the World Bank Board of Directors on December 2, 1986, authorizing investment in financial futures and options for U. S. dollars and pound sterling. It also authorized extension of the five-year and three-month maximum maturity limit in securities eligible for the portfolio, investment in eligible securities of all maturities and controlling the risk implicit in these by substituting the five-year three-month maturity limit on individual securities with the establishment of an average duration range of not less than three months and not more than four years for the U. S. dollar and non-dollar portfolios.  1, record 36, English, - New%20Investment%20Authority

Record 36,  Textual support,  French

Record 36,  Textual support,  Spanish

Record 37,  Textual support,  English

Record number: 37, Textual support number: 1 DEF

When calculating borrowings, the IBRD [International Bank for Reconstruction and Development] takes the amount of the loan, multiplies it by the interest rate, and obtains a total for the interest. All the loans are added and all the interest totals. The first sum is then divided by the second to obtain the weighted average interest. This is the single-weighted borrowing cost. Recently, the IBRD has obtained the interest total by multiplying the amount of the loan by the interest and the number of years to maturity, to take into account the fact that it has loans of varying maturities. The weighted averaged interest obtained from this calculation is called the double-weighted borrowing cost.  1, record 37, English, - double%2Dweighted%20borrowing%20cost

Record 37,  Textual support,  French

Record 37,  Textual support,  Spanish

Record 38,  Textual support,  English

Record number: 38, Textual support number: 1 DEF

Form of cofinancing(also known as "B" loan) whereby the Bank subscribes to a share of a commercial bank syndicated credit. The Bank's share is confined to the later maturities of the loan in order to encourage the lender to extend its own maturities.  1, record 38, English, - direct%20participation%20cofinancing

Record 38,  Textual support,  French

Record 38,  Textual support,  Spanish

Record 39,  Textual support,  English

Record number: 39, Textual support number: 1 DEF

Mismatching maturities in order to improve liquidity.  1, record 39, English, - layering

Record number: 39, Textual support number: 1 OBS

The French sensibly used the English word.  1, record 39, English, - layering

Record 39,  Textual support,  French

Record 39,  Textual support,  Spanish

Record 40,  Textual support,  English

Record number: 40, Textual support number: 1 DEF

Type of IBRD [International Bank for Reconstruction and Development] "B" loan, whereby IBRD would take an initial share of the loan up to about 25 percent, concentrated in the latter maturities.  1, record 40, English, - funding%20latter%20maturities

Record 40,  Textual support,  French

Record 40,  Textual support,  Spanish

Record 41,  Textual support,  English

Record number: 41, Textual support number: 1 DEF

A guarantee whereby a call for payment can be advanced if the loan is declared in default, before the maturities being guaranteed become payable.  1, record 41, English, - accelerable%20guarantee

Record 41,  Textual support,  French

Record 41,  Textual support,  Spanish

Record 42,  Textual support,  English

Record number: 42, Textual support number: 1 DEF

The maturities of instruments which reflect their underlying cash flow properties rather than the term indicated by their nominated/stated maturities. [Office of the Superintendent of Financial Institutions].  1, record 42, English, - assigned%20maturity

Record 42,  Textual support,  French

Record number: 42, Textual support number: 1 DEF

Date d'échéance d'un effet, établie en fonction des propriétés sous-jacentes de l'effet quant aux mouvements de trésorerie plutôt qu'en fonction du terme indiqué par la date choisie par la banque ou de la date d'échéance figurant sur l'effet. [Bureau du surintendant des institutions financières].  1, record 42, French, - date%20d%27%C3%A9ch%C3%A9ance%20d%C3%A9sign%C3%A9e

Record 42,  Textual support,  Spanish

Record 43,  Textual support,  English

Record number: 43, Textual support number: 1 DEF

Effective maturities if instruments that reflect their underlying liquidity values rather than the term indicated by their stated maturities [Office of the Superintendent of Financial Institutions-Glossary].  1, record 43, English, - nominal%20maturity

Record 43,  Textual support,  French

Record number: 43, Textual support number: 1 DEF

Date d'échéance effective d'un effet, établie en fonction de la valeur sous-jacente de l'effet quant à la liquidité plutôt qu'en fonction du terme indiqué par la date d'échéance figurant sur l'effet. [Bureau du surintendant des institutions financières-Glossaire].  1, record 43, French, - date%20d%27%C3%A9ch%C3%A9ance%20nominale

Record 43,  Textual support,  Spanish

Record 44,  Textual support,  English

Record number: 44, Textual support number: 1 CONT

Other useful measures are the TSE total-return index, which is similar to the composite index except that it assumes reinvestment of dividends. To measure fixed-income performance, there's the ScotiaMcLeod Universe bond index, composed of Canadian bonds of varying maturities. If you invest equally in Canadian bonds and stocks, for example, you should be earning a return midway between the two. Over the past 10 years, with the TSE total-return index averaging a 7. 58% gain a year, and the bond index, assuming reinvestment, going up 13. 27%, that translates into an average annual return of 10. 4%.  2, record 44, English, - Toronto%20Stock%20Exchange%20300%20total%20return%20index

Record 44,  Textual support,  French

Record 44,  Textual support,  Spanish

Record 45,  Textual support,  English

Record number: 45, Textual support number: 1 CONT

While a portfolio evaluation is essentially a mechanical process, it must be done with meticulous care and accuracy. Securities should be broken down into sub-groups of bonds and debentures, preferred shares and common shares. Bonds and debentures should be listed in descending order of quality, and by ascending order of maturities(short term first, then medium term and then long term).  2, record 45, English, - portfolio%20evaluation

Record 45,  Textual support,  French

Record number: 45, Textual support number: 1 CONT

Bien que l'évaluation d'un portefeuille soit un processus essentiellement mécanique, elle doit être faite avec beaucoup de soin et de précision. Les titres devraient être groupés par catégories, (obligations et débentures, actions privilégiées et actions ordinaires). Les obligations et les débentures devraient être classées en ordre décroissant de qualité et croissant quant à l'échéance (le court terme en premier, puis le moyen et le long terme).  2, record 45, French, - %C3%A9valuation%20de%20portefeuille

Record 45,  Textual support,  Spanish

Record 46,  Textual support,  English

Record number: 46, Textual support number: 1 DEF

A continuous offering of debt securities in which the specific variable terms of the individual securities and the offering thereof are determined at the time of sale.  2, record 46, English, - medium%2Dterm%20note

Record number: 46, Textual support number: 1 OBS

Similar to a corporate bond which offers borrowers tremendous flexibility in terms of maturities and amount issued.  3, record 46, English, - medium%2Dterm%20note

Record 46,  Textual support,  French

Record 46,  Textual support,  Spanish

Record 47,  Textual support,  English

Record number: 47, Textual support number: 1 CONT

The main focus of Liquidity Management is to ensure the continuing ability to meet deposit withdrawals and borrowing maturities, and to satisfy customers’ world-wide requirements for credit in a timely manner.  1, record 47, English, - liquidity%20management

Record 47,  Textual support,  French

Record number: 47, Textual support number: 1 CONT

La gestion des liquidités vise avant tout à coordonner les retraits sur dépôts et les échéances des emprunts, et à satisfaire les besoins des clients en matière de crédit, en temps opportun et pour l'ensemble de la Banque.  1, record 47, French, - gestion%20des%20liquidit%C3%A9s

Record 47,  Textual support,  Spanish

Record 48,  Textual support,  English

Record number: 48, Textual support number: 1 CONT

Unfavourable interest-rate movements, in a situation where cumulative gap positions exist only at shorter terms, will have a less adverse impact on spread than if the cumulative positions existed at longer maturities.  1, record 48, English, - interest%2Drate%20movement

Record 48,  Textual support,  French

Record number: 48, Textual support number: 1 CONT

Quand les mouvements des taux d'intérêt sont défavorables, les conséquences pour l'écart sont moins graves si le décalage cumulatif est le courte durée que s'il est prolongé.  1, record 48, French, - mouvement%20des%20taux%20d%27int%C3%A9r%C3%AAt

Record 48,  Textual support,  Spanish

Record 49,  Textual support,  English

Record number: 49, Textual support number: 1 CONT

The main focus of Liquidity Management is to ensure the continuing ability to meet deposit withdrawals and borrowing maturities...  1, record 49, English, - borrowing%20maturity

Record 49,  Textual support,  French

Record number: 49, Textual support number: 1 CONT

La gestion des liquidités vise avant tout à coordonner les retraits sur dépôts et les échéances des emprunts (...)  1, record 49, French, - %C3%A9ch%C3%A9ance%20des%20emprunts

Record 49,  Textual support,  Spanish

Record 50,  Textual support,  English

Record number: 50, Textual support number: 1 CONT

The main focus of Liquidity Management is to ensure the continuing ability to meet deposit withdrawals and borrowing maturities...  1, record 50, English, - deposit%20withdrawal

Record 50,  Textual support,  French

Record number: 50, Textual support number: 1 CONT

La gestion des liquidités vise avant tout à coordonner les retraits sur dépôts et les échéances des emprunts (...)  1, record 50, French, - retrait%20sur%20d%C3%A9p%C3%B4ts

Record 50,  Textual support,  Spanish