Jan 25, 2017 08:34
7 yrs ago
7 viewers *
French term

titre(s) réalisé(s) en premier lieu

French to English Bus/Financial Finance (general)
Hi,

It is part of a credit agreement, in the mortgage note section.

I am not sure how to translate "réalisé".

Here is the sentence.
Thanks in advance for your help

"La Banque est en droit de déterminer à son gré quel(s) titre(s) doit/doivent être réalisé(s) en premier lieu et à quelle(s) créance(s) sera affecté le produit de réalisation."

Discussion

Nikki Scott-Despaigne Jan 25, 2017:
More context? Effectively, "réaliser" can be translated in so many ways that it would help to have more context. Could you post a larger extract of the original, please? It would help to have the sentence before and after the one you provide, and any subheading, if appropriate.

Proposed translations

3 hrs
Selected

sold first

It is not securities that are being sold, but the mortgage loan itself. The proceeds will then be used to payoff any amounts owed.
Peer comment(s):

neutral AllegroTrans : This may be the mechanism but it isn't what the word means and it isn't the industry term in the context
9 hrs
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4 KudoZ points awarded for this answer. Comment: "Thanks for your help."
-2
1 hr

securities made

Just a suggestion
Peer comment(s):

disagree Rob Grayson : Way off
1 hr
disagree AllegroTrans : wrong terminology
11 hrs
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12 hrs

security/securities realised first

To "realise" a security means releasing its monetary value. In the case of mortgaged prioperty, this would normally imply selling.

[...] operation of the asset until such time as it may,
possibly, be able to realise its security by bringing in a new operator.
unidroit.org

[...] la continuité de l'exploitation jusqu'à, éventuellement,
la réalisation de sa sûreté en substituant un nouvel opérateur.


Methods of Realisation and Enforcing Security in respect of Irish Real ...
www.arthurcox.com/.../Arthur-Cox-Methods-of-Realisation-and...
This is the most straight- forward and commonly used practice for enforcing security in Ireland. Realising value from the property could take time (for example ..
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