TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
SALES PROCEEDS [1 record]
Record 1 - internal organization data 2004-09-15
Record 1, English
Record 1, Subject field(s)
- Investment
Record 1, Main entry term, English
- sales proceeds
1, record 1, English, sales%20proceeds
plural
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
"Sales proceeds" are the assets received and/or to be received by the transferor that represent the fair value of the transferred asset on the date of transfer. [Office of the Superintendent of Financial Institutions]. 2, record 1, English, - sales%20proceeds
Record number: 1, Textual support number: 1 OBS
The portion of the sales proceeds not received in cash on the date of transfer is typically reflected as the present value of certain estimated interest cash flows to be received in the future from the transferred asset. The receivable representing this portion of the sales proceeds would be equivalent to the present value of the net spread less the present value of the provision for the expected losses under recourse provisions and where the transferee is a SPV (Special Purpose Vehicle), the present value of the estimated operating costs related to the transferred asset. Higher than expected principal prepayments can result in a subsequent reduction of this receivable. [Office of the Superintendent of Financial Institutions]. 2, record 1, English, - sales%20proceeds
Record 1, French
Record 1, Domaine(s)
- Investissements et placements
Record 1, Main entry term, French
- produit de la vente
1, record 1, French, produit%20de%20la%20vente
masculine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
Le produit de la vente constitue les éléments d'actif que le cédant a reçus ou doit recevoir qui représentent la juste valeur de l'actif cédé à la date de cession. [Bureau du surintendant des institutions financières]. 2, record 1, French, - produit%20de%20la%20vente
Record number: 1, Textual support number: 1 OBS
La partie du produit de la vente qui n'est pas en espèces à la date de la cession correspond habituellement à la valeur actuelle de certains flux monétaires estimatifs provenant de l'actif cédé à recevoir à une date ultérieure. Le débiteur représentant cette partie du produit équivaut à l'excédent de la valeur actualisée de la marge nette sur les intérêts sur la valeur actualisée de la provision pour pertes anticipées en vertu des dispositions relatives au recours et, lorsque le cessionnaire est un FCC (Fonds commun de créances), la valeur actualisée des coûts d'exploitation estimatifs de l'élément d'actif cédé. Des remboursements anticipés plus élevés que prévu du principal peuvent donner lieu à la réduction subséquente de ce débiteur. [Bureau du surintendant des institutions financières]. 2, record 1, French, - produit%20de%20la%20vente
Record 1, Spanish
Record 1, Campo(s) temático(s)
- Inversiones
Record 1, Main entry term, Spanish
- producto de las ventas
1, record 1, Spanish, producto%20de%20las%20ventas
masculine noun
Record 1, Abbreviations, Spanish
Record 1, Synonyms, Spanish
Record 1, Textual support, Spanish
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